XRP's price has declined by over 1.3%, settling at $2.99, following the transfer of more than 320 million Ripple coins, valued at approximately $950 million, to various exchanges. This significant movement of coins has raised concerns about potential selling pressure or profit-taking activities in the market. Despite the current dip, analysts maintain a long-term bullish outlook for XRP, identifying key support at $2.64 and resistance at $3.66, suggesting potential price recovery if market conditions improve.