XRP Slides Below $3 on Whale Sell-Off and SEC ETF Delay
XRP has slid below $3 after major whale holders offloaded tokens across two recent sell-offs. On-chain data shows whale balances falling from 8.5 billion to 7.63 billion XRP, erasing July gains. The price dropped from its $3.65 all-time high to near $2.90 amid fading trading volume. The US SEC further delayed decisions on XRP ETFs and Ripple’s regulatory status, including pushing CoinShares’ spot ETF verdict to October 23, 2025, heightening regulatory uncertainty and deferring institutional inflows. Internationally, SBI Holdings filed for a Bitcoin-XRP ETF in Japan, signalling renewed interest. Technical indicators confirm bearish momentum: XRP trades under the 20- and 50-day EMAs, with a negative MACD and an RSI around 38. Key support lies at $2.80–$2.85, and resistance at $3.30–$3.40. Traders should watch for a MACD bullish crossover or an RSI rise above 50 before considering long positions. Without fresh whale accumulation or regulatory clarity, downward pressure on XRP is likely to continue.
Bearish
Large-scale whale sell-offs totalling over a billion XRP across recent weeks have driven the price below key support levels and erased July gains. Prolonged regulatory delays by the US SEC, including the postponement of CoinShares’ spot ETF decision to late 2025, have increased uncertainty and deferred potential institutional inflows. Technical indicators—such as a negative MACD, an RSI around 38, and trading below the 20- and 50-day EMAs—confirm bearish momentum. In the short term, continued selling pressure and lack of regulatory clarity are likely to keep XRP under downward pressure. In the long term, sustained price recovery may depend on fresh whale accumulation and a clear regulatory outcome.