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

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