Struggles persist for XRP as it hovers near $3: Could substantial selling by large investors further depress the price?
In the cryptocurrency market, XRP has experienced a recent drop of around 8% over four consecutive sessions, bringing its price down to intraday lows of approximately $3.11 on August 12, 2025. This pullback follows a strong rally after the Ripple-SEC legal settlement, which has led to profit-taking pressure rather than a fundamental shift in market sentiment.
The critical support ranges for XRP are identified between $3.00 and $3.10, with key technical levels at $3.0067 (EMA200) and $3.0933–$3.12. Resistance is found near $3.19–$3.33, around short-term EMA levels.
Elevated trading volumes and institutional interest persist despite the pullback, suggesting ongoing interest at these levels rather than capitulation. The MVRV death cross, a bearish signal, has been flashed, reinforcing short sellers' dominance, but the sustained volume implies accumulation or a battle between buyers and sellers rather than a full bearish breakdown.
Longer term, a potential bullish breakout following this consolidation phase is possible if XRP breaks key resistances and market conditions align. Speculative price targets range widely, from about $4.89 up to nearly $49. However, these remain projections contingent on a sustained uptrend.
It's worth noting that the key downside risk level for XRP is found at $2.48 from an on-chain perspective, as most current XRP holders scooped the altcoin between $2.2 and $2.48. The drop in XRP's price is primarily due to sell pressure from whales, with whale wallets holding 1 million to 1 billion XRP tokens reducing their holdings from over 10 billion to 8 billion, representing about $6B worth of XRP sold.
Some large players appear to be convinced that XRP's bottom was in, as there has been a significant trimming of long positions from 79% to 64% between mid-July and early August. If the trend repeats, a more discounted buying window could open up for XRP.
Some traders are already buying the XRP dip, despite Bitcoin yet to confirm a price bottom above $110K amid macro uncertainty. Smart Binance traders have increased their long positions from 64% to 69% - a 5% surge in the past two days. However, XRP could plunge by an extra 15% if broader market sentiment sours, as suggested by price charts near the 200-day Simple Moving Average (SMA). A robust XRP support could be established at $2.48 if $2.8 cracks.
This article is based on data from Santiment for the information about the XRP price drop and whale activity, and X for the information about the MVRV death cross.
[1] Santiment. (n.d.). XRP Price Drops Over 20% Since Mid-July. Retrieved from [URL] [2] Santiment. (n.d.). Whale Wallets Sell Over $6B Worth of XRP. Retrieved from [URL] [3] Santiment. (n.d.). XRP Price Targets Range from $4.89 to $49. Retrieved from [URL] [4] X. (n.d.). MVRV Death Cross Signals Cautious Sentiment. Retrieved from [URL] [5] X. (n.d.). XRP's Recent Price Drop Primarily Due to Profit-Taking. Retrieved from [URL]
- The recent drop in XRP's price has brought it down to approximately $3.11 on August 12, 2025, following a strong rally after the Ripple-SEC legal settlement.
- Critical support ranges for XRP are identified between $3.00 and $3.10, with key technical levels at $3.0067 (EMA200) and $3.0933–$3.12, while resistance is found near $3.19–$3.33.
- Elevated trading volumes and institutional interest persist despite the pullback, indicating ongoing interest rather than capitulation.
- A potential bullish breakout following the consolidation phase is possible if XRP breaks key resistances and market conditions align, with speculative price targets ranging from about $4.89 up to nearly $49.
- The key downside risk level for XRP is found at $2.48, as most current XRP holders scooped the altcoin between $2.2 and $2.48.
- Whale wallets holding 1 million to 1 billion XRP tokens have reduced their holdings from over 10 billion to 8 billion, representing about $6B worth of XRP sold, causing the drop in XRP's price.
