Death Cross and Whale Offloads Push XRP Below $3 Amid SEC Uncertainty

XRP has dropped below $3 following a brief surge above $3.10, with analysts warning of a potential deeper correction. The decline follows a technical indicator known as the Tom DeMark Sequential flashing a “sell signal” on the 3-day chart, which has triggered a pullback in price XRP Correction: Analyst Warns of Deeper Dip After Sell Signal^[1]. Analyst Ali Martinez emphasized that the $3 level, historically a support zone, may not hold if selling pressure intensifies, with stronger support expected below $2.48 Top Reasons Why XRP Price Could Crash in the Coming Days^[2]. On-chain data also revealed a “death cross” in the MVRV ratio, a bearish on-chain metric that often signals a steeper price decline XRP Faces Major Correction Risk With Price Predicted to Hit $2.48^[3].

Whale activity has exacerbated concerns, with over 720 million XRP tokens sold recently by large holders. This offloading has increased market pressure and eroded confidence among retail investors XRP Correction: Analyst Warns of Deeper Dip After Sell Signal^[1]. The crypto market has remained unusually quiet, with most altcoins showing minimal gains, while XRP has declined by 2% in the last 24 hours Top Reasons Why XRP Price Could Crash in the Coming Days^[2]. Martinez warned that a quick rebound is unlikely, suggesting the current correction could extend further if key support levels fail to hold XRP Faces Major Correction Risk With Price Predicted to Hit $2.48^[3].

Despite the bearish short-term outlook, some positive developments hint at long-term resilience. Companies such as Flora Growth Corp have disclosed holding XRP on their balance sheets, alongside other cryptocurrencies like Solana and Ethereum, as part of efforts to strengthen their financial positions XRP Correction: Analyst Warns of Deeper Dip After Sell Signal^[1]. Additionally, the ongoing Ripple vs. SEC case, with a key date approaching on August 15, remains a critical factor. While the case’s resolution is pending, both parties are still likely to dismiss their appeals before the deadline XRP Faces Major Correction Risk With Price Predicted to Hit $2.48^[3].

Analysts remain cautious about XRP’s near-term trajectory, with the $2.80 level acting as a temporary cushion but not a definitive floor. The broader market’s muted response to the price drop, combined with weak on-chain metrics, underscores the fragility of investor sentiment Top Reasons Why XRP Price Could Crash in the Coming Days^[2]. However, the accumulation of XRP by institutional entities and the potential resolution of the SEC case could provide a foundation for future recovery.