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Death Cross and Large-Scale Whale Selling Drive XRP Under $3 as SEC Situation Remains Unclear

Death Cross and Large-Scale Whale Selling Drive XRP Under $3 as SEC Situation Remains Unclear

Bitget-RWA2025/09/19 18:28
By:Coin World

- XRP fell below $3 after technical indicators and whale sales triggered a sell-off, with analysts warning of deeper declines below $2.48. - On-chain "death cross" metrics and 720M XRP whale offloads intensified pressure, eroding retail investor confidence amid weak altcoin performance. - Institutional XRP accumulation and the pending Ripple-SEC case (August 15 deadline) offer potential long-term support despite fragile near-term sentiment.

Death Cross and Large-Scale Whale Selling Drive XRP Under $3 as SEC Situation Remains Unclear image 0

XRP has fallen below the $3 mark after briefly climbing above $3.10, prompting analysts to caution about the possibility of a steeper downturn ahead. The drop came after the Tom DeMark Sequential, a technical tool, signaled a “sell” on the 3-day chart, sparking a retreat in price XRP Correction: Analyst Warns of Deeper Dip After Sell Signal [ 1 ]. Analyst Ali Martinez pointed out that although $3 has historically served as a support, intensified selling could cause it to break, with more substantial support likely to be found under $2.48 Top Reasons Why XRP Price Could Crash in the Coming Days [ 2 ]. On-chain analysis also highlighted a bearish “death cross” in the MVRV ratio, a metric that often precedes further downward movement XRP Faces Major Correction Risk With Price Predicted to Hit $2.48 [ 3 ].

Large investor activity has heightened worries, as over 720 million

tokens were recently sold by major holders. This wave of selling has added pressure to the market and diminished confidence among individual traders XRP Correction: Analyst Warns of Deeper Dip After Sell Signal [ 1 ]. The broader crypto market has seen little movement, with most altcoins recording only slight gains, while XRP has dropped by 2% over the past day Top Reasons Why XRP Price Could Crash in the Coming Days [ 2 ]. Martinez cautioned that a swift recovery is unlikely, warning that the current downward trend could continue if crucial support levels give way XRP Faces Major Correction Risk With Price Predicted to Hit $2.48 [ 3 ].

Although the short-term forecast appears negative, there are some encouraging signs for the longer term. Companies including

Corp have reported holding XRP as part of their corporate assets, along with digital currencies such as and , aiming to bolster their overall financial stability XRP Correction: Analyst Warns of Deeper Dip After Sell Signal [ 1 ]. The ongoing legal battle between Ripple and the SEC is also a significant factor, with an important deadline set for August 15. Although the final decision is still pending, there is an expectation that both parties may withdraw their appeals before this date XRP Faces Major Correction Risk With Price Predicted to Hit $2.48 [ 3 ].

Experts continue to show caution regarding XRP’s immediate future, noting that the $2.80 level is providing temporary support but may not serve as a reliable floor. The subdued reaction from the overall market and weak on-chain indicators highlight the uncertainty among investors Top Reasons Why XRP Price Could Crash in the Coming Days [ 2 ]. However, ongoing accumulation of XRP by larger players and the possibility of a favorable outcome in the SEC lawsuit could lay the groundwork for a future rebound.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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