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Yahoo
2 hours ago
- Yahoo
XRP Falls 8% Below $3 After Hitting Resistance, High-Volume Selloff Signals Weakness
What to Know XRP declined 8% over the past 24 hours, falling from a session high of $3.17 to a low of $2.94, as intense sell pressure overwhelmed initial strength. The sharpest drop occurred during the midnight trading window on August 1, when XRP fell 2.7% in a single hour, accompanied by 259.21 million units in volume—nearly 4x its 24-hour average. Despite the downtrend, accumulation signals surfaced during the recovery phase, as XRP rebounded to $2.98. Volume diminished after the initial volatility, suggesting that institutional buyers stepped in to absorb excess supply near key support zones. News Background Whale activity surrounding XRP continues to deliver mixed signals. On one hand, large holders have liquidated roughly $28 million worth of XRP daily over a trailing 90-day period, according to on-chain data. This trend highlights persistent distribution among institutional and early holders. At the same time, over 310 million XRP tokens—valued at nearly $1 billion—have been accumulated during the recent correction phase, as exchange balances fell sharply, signaling sustained capital inflow. Adding to the cross-currents, Maxwell Stein, Director of Digital Assets at BlackRock, confirmed participation at Ripple's Swell 2025 conference, hinting at growing institutional alignment despite recent price pressure. Price Action Summary • High: $3.17 (10:00 UTC, July 31)• Low: $2.94 (00:00 UTC, August 1)• 24h Change: -8%• Hourly Low Point: $3.02 → $2.94 (Midnight drop)• Volume Surge: 259.21M units during correction vs. 64.89M average• Closing Price: $2.98 (marginal recovery into session close) XRP's closing price near $2.98 represents a minor recovery off session lows, but still signals broader structural weakness. Short-term sentiment remains fragile amid liquidation flows and technical breakdowns below the $3.00 threshold. Technical Analysis The $2.94 support zone held firm during multiple intraday tests, reinforced by aggressive dip-buying that allowed prices to reclaim $2.98 by session end. Resistance remains overhead at $3.02–$3.05, with continued rejection likely unless spot inflows pick up. Momentum indicators remain skewed bearish, though recovering volume profiles suggest some exhaustion in the sell-off. What Traders Are Watching • Whether $2.94–$2.95 holds as structural support in the near term• Signs of renewed whale accumulation or a pause in distribution trends• BlackRock's positioning ahead of Ripple Swell 2025 and its implications for future XRP ETF-related narratives• Reaction at the $3.00–$3.05 resistance band, which previously marked key distribution levels
Business Upturn
3 hours ago
- Business Upturn
XRP Crypto Powers Ahead in Global Payments — HashJ Introduces Participation Contracts for 2025 Users
London, United Kingdom, Aug. 02, 2025 (GLOBE NEWSWIRE) — MGPD Finance Limited, doing business as HashJ, today announced the official rollout of its XRP participation contracts, offering users a simplified way to engage with one of the most established digital assets in global payments. This launch comes as XRP continues to demonstrate resilience and institutional appeal, buoyed by legal clarity and renewed adoption across financial sectors. At the time of publication, XRP is trading at approximately $2.74, with a market capitalization near $40 billion, according to CoinMarketCap. The asset remains within the top 10 globally by valuation. Recent developments, including a U.S. court ruling confirming that XRP is not a security when traded on exchanges, have reinforced confidence among both retail and institutional participants. HashJ's participation contracts aim to make engagement with XRP more accessible by providing short-term, fixed-return instruments that eliminate the need for technical management or high-risk trading exposure. How HashJ is Expanding Digital Asset Participation Through Simplified Contracts HashJ's XRP participation contracts mark the latest addition to its growing portfolio of structured digital asset instruments designed for mainstream users. Built for accessibility, these short-term contracts allow individuals to engage with XRP-linked performance without navigating complex trading platforms or managing technical infrastructure. Available via HashJ's mobile-based interface, each contract offers a defined term and a fixed reward structure. Participants can select from multiple durations—starting at just a few days—while benefiting from a straightforward entry process that does not require advanced financial knowledge or experience in digital asset markets. HashJ's User-Centered Design for Broader Engagement The launch reflects HashJ's commitment to creating inclusive financial tools that reduce barriers to entry. By eliminating price speculation mechanics and minimizing the decision-making overhead often associated with digital asset investing, the participation model appeals to a broad demographic of users—including those new to the space. As with its earlier BTC, DOGE, and ETH-based contracts, HashJ's XRP contracts are designed to respond to market movement while offering a predictable outcome over a fixed duration. This approach has attracted over 2 million users across more than 90 countries, many of whom cite ease of use and risk clarity as key differentiators. Welcoming First-Time Users with Platform Credits To support adoption of the XRP contract line, HashJ is offering new users a welcome package valued at $118, comprising $100 in contract trial credits and $18 in platform incentive provides first-time users an opportunity to engage with the platform at no upfront cost, and to experience the structure and flow of short-term participation firsthand. Product Expansion and Global Reach HashJ's addition of XRP contracts follows growing interest from users in Asia, Latin America, and parts of Europe, where simplified tools for accessing high-cap digital assets have seen increased demand. The platform's infrastructure is built for mobile environments and supports fast, secure, and transparent participation without requiring traditional account funding mechanisms. By enabling users to align with major asset movements through structured contracts, HashJ aims to help more individuals participate in the digital asset economy—on their own terms and timelines. About MGPD Finance Limited (HashJ) MGPD Finance Limited, doing business as HashJ, is a fintech company based in the United Kingdom. Founded in 2018, the company provides contract-based digital reward systems for BTC, ETH, DOGE, and XRP, with over 2 million users across more than 90 countries. For more information, visit: User Benefit: Register and receive $18 and $100 sign up reward. Business Inquiries: [email protected]
Yahoo
4 hours ago
- Yahoo
Is Visa (V) a Smart Buy and Hold Stock in the Tech-Driven Market?
Visa Inc. (NYSE:V) is included among the 10 Best Dividend Stocks to Buy and Hold Forever. siam sompunya The company is embracing AI to stay ahead, launching its Intelligent Commerce platform that uses AI agents for shopping, digital credentials, and personalized payment insights. It's working with top tech firms like OpenAI and Microsoft, and has upgraded its platform with AI features. Visa also acquired AI-based fraud detection firm Featurespace to boost security. On the financial side, Visa Inc. (NYSE:V) is a strong dividend stock with 17 years of consecutive increases and a low 18.5% payout ratio. As a payment processor, it profits from card usage without lending risk, making it a reliable stock in any economy. Over the past decade, the company has delivered an impressive annualized dividend growth rate of 17%. While recent increases have been slightly more modest, the one-, three-, and five-year growth rates all remain above 10%, making Visa a strong pick for dividend growth investors. On July 29, Visa Inc. (NYSE:V) declared a quarterly dividend of $0.59 per share, which fell in line with its previous dividend. As of July 31, the stock has a dividend yield of 0.68%. While we acknowledge the potential of V as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: and Disclosure: None.
