XRP Price Today: XRP Tanks on Whale Sell-Off, But Analyst Calls Sub-$3 a Blessing

After falling sharply this week, XRP now battles to hold critical support levels while analysts weigh the impact of heavy wallet movements against renewed institutional interest in Ripple’s ecosystem.

The XRP price today trades at $2.87, marking a 4.7% decline in the last 24 hours. This pullback comes after the token slipped from the $3 mark, with trading volume rising 0.82% to $6.85 billion. A volume increase alongside price weakness often signals profit-taking or repositioning ahead of potential market shifts.

XRP was trading at around $2.879, down 4.77% in the last 24 hours at press time. Source: XRP Liquid Index (XRPLX) via Brave New Coin

Despite the daily setback, XRP gained 10.35% over the past week, with its market capitalization now standing at roughly $171.9 billion. Still, the mood across the market has grown cautious as technical indicators lean bearish.

One of the biggest drivers behind the latest XRP news today has been whale activity. According to data from Santiment, large-scale investors holding between 10–100 million XRP tokens collectively offloaded 470 million tokens in just one week.

Whales have sold 470 million XRP over the past 10 days, signaling significant market activity. Source: Ali Martinez via X

This sell-off comes as markets brace for Federal Reserve Chair Jerome Powell’s upcoming speech at Jackson Hole, a key macroeconomic event that could influence investor risk appetite.

Interestingly, while big whales trimmed their exposure, smaller whales with 1–10 million XRP tokens accumulated 130 million coins, highlighting divided sentiment among major holders. Historically, price action has often mirrored the moves of the largest wallets, raising concerns that further downside may follow.

Despite the sharp sell-off, some analysts remain optimistic. Coach JV, a well-known Ripple (XRP) advocate, described XRP under $3 as “a massive blessing.”

“Most people panic when prices are low, but this is where wealth is built,” he said on social media. “Everyone wants to buy at harvest. Smart money buys when the field looks empty,” he added using a farming analogy.

XRP trading at $2.96 is seen as a strategic buying opportunity rather than a market panic. Source: Coach, JV via X

While some traders agree with the long-term accumulation strategy, others argue that true blessings will only come if XRP ever rallies to extreme levels, such as $500. This divide underscores the ongoing debate between short-term traders and long-term holders in the XRP community.

From a technical perspective, XRP crypto price prediction models show further downside risks. The token has fallen below its 50-day Simple Moving Average (SMA), as well as the $2.95 support level. Analysts now see $2.78 as the next major floor, with $2.60 serving as a deeper safety net if selling pressure continues.

XRP bounces from $2.80 support, setting up a potential bullish rebound toward $3.35–$3.65 if buyers break the descending trendline. Source: Lingrid on TradingView

Momentum indicators also lean bearish. The Relative Strength Index (RSI) dropped below its neutral mark, signaling weakening momentum. Meanwhile, the Stochastic Oscillator entered oversold territory, which could open the door for a short-term relief bounce.

Looking ahead, XRP predictions suggest the price may slip slightly to around $2.87 by mid-September. Market sentiment is currently labeled Neutral, while the Fear & Greed Index sits at 44 (Fear).

Whether this decline proves to be an accumulation phase or the start of a deeper correction will depend heavily on whale behavior and macroeconomic cues. For long-term backers, the XRP price prediction 2025 and beyond remains tied to broader adoption of the XRP Ledger, ongoing utility in payments, and institutional interest following the resolution of the Ripple vs. SEC lawsuit.

For now, the price of XRP today reflects a market caught between caution and conviction—where some see panic, others see potential.