XRP Price Today: XRP Correction Sparks Whale Activity and Trading Opportunities

The third-largest cryptocurrency trades around $3.10, holding above crucial support at $3.02 following last week’s peak near $3.35. Increased institutional and whale demand suggest the dip could be a strategic accumulation phase rather than a sustained decline.

On-chain data indicates that large holders are actively buying XRP, even amid market-wide volatility. In the past week alone, whales acquired roughly 440 million XRP, worth approximately $3.8 billion, including 120 million tokens during a $10 billion market sell-off on August 15.

Whales purchased 120 million XRP during the recent price dip. Source: Ali Martinez via X

This concentrated buying demonstrates long-term confidence in XRP and helps offset retail-driven selling during short-term corrections. Despite shedding $15 billion in market capitalization since August 8, XRP maintains a fully diluted valuation of $308 billion. Daily trading volumes have dropped 36% to $7.55 billion, highlighting a potential accumulation phase rather than a breakdown.

Historically, significant wallet inflows and declining exchange reserves have preceded stabilization and price recovery, reinforcing XRP’s resilience during corrections.

XRP price prediction signals bullish potential as technical indicators tighten. A symmetrical triangle pattern is forming on the 4-hour chart, with higher lows visible since late July. The token trades just below the 50 SMA at $3.20, which acts as triangle resistance and a pivotal level for the next breakout.

XRP is consolidating in a triangle, with a potential breakout above $3.26 targeting $3.90. Source: Ali Martinez via X

Candlestick analysis shows spinning tops and indecisive closes, common precursors to strong price moves. A bullish engulfing candle forming in the $3.02–$3.10 zone would confirm demand. The RSI sits at 48, leaving room for upside, while the MACD flattens, hinting at a potential bullish crossover.

Key resistance zones lie at $3.38 and $3.51, with extended momentum possibly testing $3.66. Support below $2.89 would break the higher-low structure, granting control to bears.

Whales continue to play a crucial role during the recent XRP correction. Data shows that major holders have accumulated over $360 million worth of XRP in the latest dip. Over the past weeks, they also purchased an additional 320 million XRP, roughly $1 billion, in just three days.

XRP was trading at around $3.11, up 1.75% in the last 24 hours at press time. Source: XRP Liquid Index (XRPLX) via Brave New Coin

Such substantial acquisitions reduce circulating supply and often set an example for smaller investors. The price of XRP has stabilized between $3.00 and $3.30 over the past ten days, with bulls successfully defending the lower boundary. The upper range at $3.26 remains a critical breakout point, which, if surpassed, could push XRP toward a new all-time high near $3.90.

XRP’s correction phase has sparked renewed whale activity, reducing supply and creating a strategic accumulation window for traders. Technicals point to potential upside, with key levels at $3.38, $3.51, and $3.66 offering clear targets, while support at $3.02–$3.10 remains a critical pivot. This period highlights XRP as a market to watch closely, with trading opportunities emerging from whale-driven dynamics.