XRP News Today: XRP's Price Crossroads: Whales Exit, Bulls Huddle at $3.10 Flag

XRP's price dynamics have shown significant volatility and technical signals in recent days, drawing attention from traders and analysts alike. As of the latest market data, XRP is trading in a narrow range defined by Egrag Crypto’s macro range, between $2.65 and $3.65. This range has become a focal point for determining the next trajectory of XRP's price movement. According to Egrag, a clean break below $2.65 would extend the bearish correction, potentially pushing the price toward $2.34. On the other hand, a breakout above $3.65 could signal a new all-time high, potentially reaching levels not seen since the market downturn in late 2022.

Recent price action indicates a consolidation phase between $3.10 and $3.30, following XRP’s recent all-time high of $3.65. Lingrid, a market analyst, notes that XRP is forming a prospective bull flag above $3.10, indicating that buyers are accumulating the asset and positioning for a potential upward move toward the $3.70–$3.80 target zone. The bull flag pattern typically signals a continuation of the prior trend and is considered a strong indicator for bullish traders.

In addition to technical analysis, whale activity has played a significant role in shaping XRP’s price behavior. A $61 million XRP transfer from South Korea’s Upbit on August 13, 2025, initially raised concerns but was later confirmed as an internal shuffle between Upbit’s subwallets, likely for liquidity management. Despite its internal nature, the sheer scale of the transaction has sparked discussions about institutional confidence in XRP, with X Finance Bull commenting that such moves suggest "deep-pocket conviction."

However, not all signals are bullish. CCN reports that XRP has slipped below the key $3 support level for the first time since August 2, signaling a bearish shift in the short-term trend. Whale activity has intensified the sell-off, with large wallets offloading 470 million XRP, equivalent to $1.35 billion, over a few days. This heavy distribution by large holders has weighed on market sentiment, with the Bull Bear Power (BBP) indicator showing a shift to negative territory. If the current trend continues, XRP could face a deeper correction, potentially reaching $2.45 or even falling below $2.

On the technical side, XRP has formed a failed bullish pennant on the daily chart, a pattern that typically signals a potential for an upward breakout but has failed to generate enough buying pressure. The Moving Average Convergence Divergence (MACD) has flashed a bearish crossover, with the 12-day EMA crossing below the 26-day EMA. This development suggests that XRP may continue its downward trend unless there is a sudden surge in buying interest.

Crypto analysts such as Crypto Tony and Crypto King remain cautiously optimistic. Crypto Tony suggests that XRP’s price outlook remains constructive as long as the asset holds its weekly support near the $3 level. He urges traders to remain patient, as further gains are likely if the support line established in July continues to hold. Meanwhile, Crypto King believes XRP is poised for a more significant upward rally, with chart projections pointing toward the $4.5–$5.0 range. His analysis is based on a long-term wedge formation that favors further upside, drawing parallels to his successful prediction of a 270% gain on an $80,000 long entry ten months ago.

The recent market activity surrounding XRP underscores the growing influence of large institutional players in the cryptocurrency space. While the $61 million XRP transfer from Upbit was an internal liquidity move, it highlights the strategic positioning of large holders in anticipation of potential market developments. This trend reflects a maturing market where large-scale participants are actively shaping the landscape of cryptocurrency trading.

As XRP continues to navigate this volatile phase, the coming days will be crucial in determining whether the price can break free from its current range and regain bullish momentum. A clean breakout above $3.65 or a sustained move below $2.65 will be key milestones to watch, potentially signaling the next major chapter in XRP’s price journey.

Source: [1] Bull Flag Brewing: XRP Holds $3.10 as South Korea's Deep Pockets Fan the Flames (https://coinpaper.com/10513/bull-flag-brewing-xrp-holds-3-10-as-south-korea-s-deep-pockets-fan-the-flames) [2] XRP News Prediction Breakout Alert: Double Bull Flags Point to $10 Target (https://thetradable.com/crypto/xrp-news-prediction-breakout-alert-double-bull-flags-point-to-10-target-0--a) [3] All Noise Until XRP Breaks Below $2.65 or Above $3.65 (https://thecryptobasic.com/2025/08/19/all-noise-until-xrp-breaks-below-2-65-or-above-3-65/) [4] XRP Bleeds Below $3 as Whales $1.35B Exit Wrecks (https://www.ccn.com/analysis/crypto/xrp-price-support-shattered-after-whales-exit-no-recovery/)