TLDR:XRP price falls under $3.20 after rejection at $3.31, signaling a short-term bearish shift.Whales accumulate 60M XRP in 24 hours, suggesting confidence in long-term support.Key support levels sit at $3.00, $2.75, and $2.65, with $2.65 critical for bulls.RSI near 42 could recover, targeting $3.62 and $3.98 if buyers defend key zones.XRP is stuck in a tug-of-war. The price has fallen below $3.20, setting off a short-term bearish mood. Traders are watching key support zones that could decide the next big move. At the same time, whales are quietly adding to their stacks. The market now faces a showdown that will test both bulls and bears.XRP Price Rejection Sparks Bearish PressureVeteran trader Matthew Dixon pointed to a rejection at $3.31 and a breakdown under $3.20. #XRP Expectations:Short-Term Bearish Bias:The rejection from $3.31 and breakdown below $3.20 suggests the correction may continue.Support to watch: $3.00, then $2.75–2.65 Bullish Continuation Scenarios:If price finds strong support at or above $2.65 and RSI begins to rise… pic.twitter.com/h9uFU5rdpv— Matthew Dixon – Veteran Financial Trader (@mdtrade) July 30, 2025He said this shift confirms a corrective structure from the $3.48 high. Immediate support now sits at $3.00, with stronger zones between $2.75 and $2.65.If $2.65 fails, Dixon warned of deeper losses. Targets include $2.45, $2.19, and a worst-case dip near $1.90. RSI is near 42, and a drop below 40 could add pressure.Despite the pullback, large investors are not sitting out. According to analyst Ali, whales scooped up 60 million XRP in 24 hours. This move suggests confidence in XRP holding above its major support levels.Whales bought 60 million $XRP in the last 24 hours! pic.twitter.com/i9Nev76FHJ— Ali (@ali_charts) July 29, 2025CoinGecko data shows XRP trading at $3.12, down 1.78% in the past day and 10.38% over the past week. Trading volume sits above $5.6 billion, proving that activity remains intense.Key Levels for XRP BullsDixon also mapped out a potential recovery path. If XRP finds support at $3.00 or $2.65 and RSI climbs back above 50, bullish targets return. His upside levels sit at $3.62, $3.98, and $4.20, based on Fibonacci extensions.This scenario depends on holding the $2.65 floor. Without it, momentum shifts firmly to the bears. Traders are watching this level closely to decide whether to buy or step aside.XRP sits in a make-or-break zone. Short-term bias leans bearish, but whales buying at these levels signal that the story is far from over. A bounce could trigger a run toward $3.62, but a failure at $2.65 may open the door for deeper losses.XRP price on CoinGecko The post XRP Price Stalls Under $3.20 as Whales Scoop $60M appeared first on Blockonomi.