Will XRP Rise or Fall? A Tale of Whale Moves and Retail Panic!

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What to know:

  • XRP experienced a rather dramatic descent, falling 5.4% to $2.97 as retail traders fled for the hills.
  • Fear not, for the mighty whales have stepped in, scooping up 440 million XRP, like a hungry aristocrat at a buffet.
  • Should XRP dare to conquer the $3.08-$3.14 barrier, we might just witness a breakout-how thrilling!

Alas, XRP has suffered a considerable drop, tumbling to $2.97 in its sharpest decline for weeks. It shed a staggering 5.4% in a mere 23 hours, as retail investors frantically sold their holdings, doubtless feeling the heat of the market’s temper.
But hold on to your bonnet, for the ever-watchful whales-those splendid creatures of the deep-were unperturbed, gobbling up 440 million tokens worth a respectable $3.8 billion. A curious sight indeed, this divide between the panic-stricken retail crowd and the calm, calculating institutional buyers. The stage is set for a most interesting turn of events, with the $3.00 mark holding a rather intriguing promise.

News Background

• XRP, once valiant at $3.14, has now fallen to $2.97, its greatest retreat since July.
• A collection of whales, with rather deep pockets, acquired 440 million XRP whilst retail traders scurried off.
• A symmetrical triangle pattern has appeared on the charts, perhaps foreshadowing a breakout near $3.90 if the resistance is bested.
• Alas, the broader crypto markets too, have shown weakness, as risk-off sentiment takes root.

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• The heaviest of the selling came between 01:00-03:00, with a collapse from $3.08 to $2.97 on a very large 172 million volume.

• In the final hour, there was a modest recovery, lifting XRP from $2.97 to $2.98-how quaint.

• Trading halted in the last few minutes, leaving one to wonder if it was a glitch or a portent of greater troubles ahead.

Technical Analysis

• Resistance is firmly stationed at $3.08-$3.14, a fortress that has yet to yield to recovery attempts.
• Support has now shifted to $2.96-$2.97, where the mighty whales continue their quiet accumulation.
• A symmetrical triangle suggests an upside target of $3.90, should $3.26 fall.
• The golden cross appeared just last week, but alas, it has not yet triggered any meaningful follow-through.
• Volatility remains rather high, with an $0.18 intraday range and a 163% spike in volume compared to average days.

What Traders Are Watching

• Whether the whales will continue to feast upon the dips near the $3.00 support.
• The fate of the $3.08-$3.14 resistance zone-will it break or will it remain steadfast in its defiance?
• The curious matter of halted trading in the final minutes-was it a glitch, or the very foundation of the market cracking under pressure?
• The ongoing selloff in the broader market-will it continue, or will we find a moment of reprieve?
• Will the triangle breakout toward $3.90 be confirmed, or shall we witness a breakdown below $2.96?

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2025-08-18 17:21