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XRP's Bull Run Over at $3.65? What’s Needed for a Revival?

By: WEEX|2025/08/06 08:46:09
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Key takeaways:

  • XRP saw the third-largest long liquidation on Binance this year.

  • The higher time frame trend stays bullish, with bulls defending the $2.95–$3.00 support.

  • XRP hit its highest daily and weekly close above $3.45 last week but has since fallen nearly 10%.

  • Wednesday’s 10.33% drop was XRP’s sharpest daily decline since April 6.

Futures open interest (OI) plunged 16.8% to $9.10B from $10.94B, signaling leveraged traders may be exiting or facing liquidations, reducing short-term speculative momentum.

XRP faces the third-largest liquidation of 2025

XRP's recent price drop coincides with increased whale movements and massive long liquidations. Blockchain data reveals a wallet linked to Ripple co-founder Chris Larsen transferred over 50 million XRP ($140M) to exchanges, with outflows accelerating since mid-July—peaking at 84 million XRP last Friday before dipping to 42 million on Thursday.

This sell pressure contributed to Binance's third-largest XRP long liquidation event this year, erasing ~$86M in leveraged positions within hours. Despite the turbulence, whale accumulation persists—2,743 wallets now hold 1M+ XRP each, totaling 47.32B tokens (4.4% of supply).

However, CryptoQuant data signals a potential shift: XRP’s 90-day whale flow average has turned negative, hinting at large-holder distribution. Notably, this metric flipped bullish in early May, preceding XRP’s rally—its current reversal may now indicate a local top.

Can XRP bulls defend this key level?

While XRP has retreated 10% this week, its higher timeframe bullish trend remains firm, supported by last week's multi-month peak. The $2.95-$3.00 zone now serves as critical support, with Thursday's dip briefly sweeping liquidity just above this level.

A decisive move above $3.25 could confirm a bullish reversal on lower timeframes, potentially cementing $2.95 as a local bottom. However, sustained selling pressure may push XRP toward the next liquidity pool at $2.66-$2.86.

The $2.64 level - previously a multi-week resistance in Q2 - now stands as major support, potentially acting as a demand zone. Bulls maintain control unless consecutive closes below both $3.00 and $2.64 occur, which would signal a potential trend reversal and open the door for deeper downside.

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How to Play Poker Party: A Step-by-Step GuideStep 1: Register and Join the Event

Participation starts with one click. Visit the WEEX Poker Party event page and register. Once registered, you immediately become eligible to earn poker cards through everyday trading activities.

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In addition to draw buffs, Poker Party features a Lucky Boost mechanism. When activated, Lucky Boost grants an extra prize drawn randomly from:

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WEEX Poker Party represents a genuine innovation in crypto exchange events. By combining trading incentives with interactive card gameplay, WEEX has created an experience that is more engaging, more inclusive, and significantly more entertaining than traditional trading competitions.

Whether you are a high-volume futures trader or a casual spot investor, Poker Party offers a path to rewards that feels less like work and more like play. Collect your cards. Trigger your buffs. Build your combinations. Claim your prizes.

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FAQQ1: What is WEEX Poker Party?

A: Poker Party is the first interactive card game event on a crypto exchange. Users earn poker cards by trading, form winning card combinations, and compete for daily prize pools.

Q2: When does Poker Party start and end?

A: The event runs from February 16 to March 8, 2026.

Q3: How do I earn poker cards?

A: Cards are earned through deposits, futures trading, spot trading, inviting friends, and completing special event tasks.

Q4: When are rewards distributed?

A: Daily settlement occurs at 23:59:59 (UTC+8). Rewards are distributed before 12:00 PM (UTC+8) the following day.

Q5: What rewards can I win?

A: Rewards include USDT, WXT tokens, futures bonuses, and other crypto prizes drawn from daily prize pools.

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