XRP is currently facing significant selling pressure as whale investors exit the market. The critical support level to watch is $2.65, which could determine the future price trajectory.
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XRP has dropped 19% in three weeks, facing resistance at $3.10-$3.00 and support at $2.65.
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Whales have offloaded over 640 million XRP tokens since July 9.
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$2.65 aligns with the quarterly VWAP and 0.50 Fibonacci retracement; a drop below could undo the Q3 rally.
XRP price faces pressure as whales exit, with $2.65 as the critical support level. Will it hold?
What is the Current Situation of XRP Price?
XRP (XRP) is undergoing a sharp correction after rallying to a yearly high of $3.65 on July 18. Since then, it’s down nearly 19%, struggling to reclaim the $3.10–$3.00 resistance zone.
Why Are Whales Exiting the Market?
Data from CryptoQuant indicates that the retracement appears to be driven in part by large holders exiting the market. Over the past three weeks, XRP whale wallets have been steadily offloading their positions.
| Whale Netflows | -640 million XRP | Approximately $340 million |
XRP Must Hold $2.65 for a Chance at New Highs
The $2.65 level is crucial for XRP’s bullish market structure. This level previously acted as significant resistance throughout H1 2025. After breaking above in July, it flipped into strong support, a technical shift in structure.
XRP one-day chart analysis. Source: Cointelegraph/TradingView
Crypto analyst Dom notes that XRP was able to retain $2.80, a key initial area of interest, and currently steers clear of $2.65, which aligns with the quarterly VWAP (Volume-Weighted Average Price).
What Happens If XRP Breaks Below $2.65?
If XRP breaks below $2.65, it risks slipping back into its previous range and potentially retesting $2, essentially undoing months of gains and signaling broader weakness.
XRP Whale Flow 30-day moving average. Source: CryptoQuant
Frequently Asked Questions
What is the significance of the $2.65 level for XRP?
The $2.65 level is crucial for XRP’s bullish market structure, acting as a significant support level that must hold to maintain upward momentum.
How have whale activities affected XRP’s price?
Whale activities have led to significant selling pressure, with over 640 million XRP tokens offloaded, impacting market sentiment and price stability.
Key Takeaways
- XRP faces critical resistance at $3.10-$3.00: The price must reclaim this zone to signal a potential bullish reversal.
- Whale selling pressure is significant: Over 640 million XRP tokens have been sold, indicating bearish sentiment.
- $2.65 is the key support level: A drop below this level could lead to a larger correction.
Conclusion
XRP’s current price action is heavily influenced by whale activities and market sentiment. Holding above $2.65 is vital for maintaining bullish momentum, while failure to do so could signal a deeper correction. Investors should closely monitor these levels for future price movements.
