XRP News Today: XRP Falls 17% From July High as MVRV Death Cross Signals Bearish Outlook

XRP has retreated from its July peak, trading at $2.99 as of press time—a 17% decline from its $3.65 high on July 18. The token’s cooling momentum has raised concerns among market observers, particularly after the MVRV ratio formed a bearish death cross on August 4. This on-chain signal is often seen as a precursor to deeper price corrections and has intensified scrutiny of XRP’s near-term direction [1].

The MVRV (Market Value to Realized Value) ratio is a metric that compares the current market value of a cryptocurrency to the total realized value of its on-chain transactions. When the short-term MVRV trendline crosses below the long-term line, forming a death cross, it typically indicates a shift in market sentiment toward the downside. According to crypto analyst Ali Martinez, the death cross observed in XRP’s MVRV ratio suggests that holders may be entering into a loss position, increasing the likelihood of selling pressure and further price weakness [1].

Market activity has also shown signs of slowing, with XRP’s 24-hour trading volume dropping over 23% to $4.83 billion. Meanwhile, derivatives data reflects a mixed picture—open interest rose by 2% to $7.33 billion, but derivatives trading volume fell 34% to $8.06 billion. These figures suggest that traders may be holding positions rather than aggressively buying or selling, indicating a cautious stance within the market [1].

Technically, XRP is trading just below key short-term moving averages, with the 10-day EMA at $3.02 and the 20-day EMA at $3.01 both acting as resistance. The RSI stands at 51.29, indicating a neutral sentiment, while the Stochastic RSI suggests a potential short-term bounce as the token approaches oversold territory. However, the broader trend remains bullish, supported by the 50-day and 200-day EMAs at $2.79 and $2.34, respectively [1].

If XRP manages to remain above $2.95, it could consolidate before testing the $3.20 resistance level. A breakdown below $2.75, however, may bring the next support zone near $2.50 into play. With the MVRV death cross in place, the immediate focus will be on whether buyers can step in to defend key levels or if the token will face a more extended correction.

The broader crypto market also experienced a pullback, with Bitcoin and other major assets seeing red. While XRP’s decline is part of a wider trend, its MVRV signal has drawn particular attention due to the potential implications for its near-term trajectory [2].

Source:

[1] XRP cools from July highs — Is the MVRV death cross a sign of more pain ahead? (https://crypto.news/xrp-cools-mvrv-indicator-death-cross-bearish-2025/)

[2] Bitcoin, crypto market are in the red today: Here's why (https://crypto.news/bitcoin-and-the-crypto-market-are-in-the-red-today-heres-why/)