XRP News Today: XRP Slides Toward $3.00 Amid Whale Accumulation and Regulatory Uncertainty

Ripple’s XRP is facing renewed bearish pressure as the token retreats toward the $3.00 support level following a key breakdown. The token briefly rose to $3.14 earlier in the session before a sharp selloff pushed it back down, with large holders stepping in to accumulate 440 million XRP amid the volatility. Analysts suggest that if XRP fails to hold above $3.00, further downward movement toward $2.90 and eventually $2.70–$2.80 could follow [1]. The four-hour chart indicates a clear downtrend with declining highs and lows, reinforcing the bearish sentiment [2].

Technical analysts highlight that a successful defense of the $3.00 level could see a short-term rebound toward $3.20, a zone that previously capped rallies earlier in the month. However, a breakdown would increase the likelihood of a deeper correction. Whale activity has been notable in recent days, with over 900 million XRP absorbed in just 48 hours, suggesting long-term bullish sentiment despite immediate market jitters [4].

Meanwhile, the XRP Ledger has shown resilience in terms of on-chain activity. The network’s NVT (Network Value to Transaction) ratio has declined by nearly 80%, signaling increased transaction volume relative to its market value. This suggests that the token is being used more frequently for actual transactions rather than speculative trading, a sign of healthy utility growth [2].

Regulatory developments have also played a role in shaping the token’s trajectory. The U.S. Securities and Exchange Commission has delayed its decision on several XRP ETF proposals, including the CoinShares XRP ETF, until October 23. This extension adds to ongoing regulatory uncertainty and delays the potential entry of institutional capital into the XRP market. The SEC’s August 2025 resolution of the Ripple lawsuit was a positive milestone, reclassifying XRP as a commodity rather than a security. However, the pending Responsible Financial Innovation Act introduces additional regulatory oversight, potentially complicating future ETF approvals [4].

Despite these challenges, long-term fundamentals remain in play. Ripple has expanded its network to include over 400 financial institutions, and potential use cases in DeFi and tokenized assets could drive structural demand for XRP. The CLARITY Act, which passed in the House and is under Senate review, aims to clarify regulatory jurisdiction between the SEC and CFTC, potentially reducing legal risks and encouraging broader institutional adoption.

For investors, the coming weeks will be pivotal. A rebound above $3.335 could trigger a short-term rally and rekindle bullish momentum, while a sustained breakdown below $2.90 would signal a deeper bearish phase. The interplay of technical support/resistance levels, whale activity, and regulatory clarity will be key to determining the next major price direction for XRP [4].

Sources:

[1] https://www.msn.com/en-in/money/markets/xrp-crashes-big-6-today-whales-scoop-440m-xrp-despite-retail-panic-doom-or-hope-ahead-what-s-next-for-ripple/ar-AA1KJGEt

[2] https://thecurrencyanalytics.com/altcoins/xrp-price-at-3-00-battles-crucial-support-as-order-book-narrows-191178

[3] https://www.binance.com/square/post/28487003144473

[4] https://www.ainvest.com/news/xrp-hit-5-2025-assessing-feasibility-regulatory-clarity-institutional-momentum-2508/