XRP News Today: XRP Trapped in $2.80–$3.20 Range Amid Whale Selling and SEC Uncertainty

XRP remains in a tight trading range on August 21, with price hovering around $2.97 and showing signs of consolidation after a recent pullback from a high of nearly $3.90 earlier in the month. The token continues to trade above a key ascending trendline formed since June, currently sitting near $2.80, which has proven to be a reliable support level. However, resistance at $3.20 remains unbroken, and the absence of a decisive move above this threshold continues to limit upside momentum [2].

Price action over the past 24 hours shows a 3.92% increase, but the Relative Strength Index (RSI) at 46.26 suggests a neutral market sentiment, while other indicators like the MACD and Ultimate Oscillator lean bearish. The ADX reading of 28.5 indicates a weakening trend, and the CCI at -151.8 highlights overextended selling. Taken together, these metrics reflect a market in flux, with bearish pressure still dominant despite the recent bounce [1].

Analysts have pointed to the influence of large whale holders, who have been offloading roughly 470 million XRP tokens since mid-August, contributing to the downward trend. This selling pressure has intensified concerns about short-term liquidity and volatility in the broader crypto market. With the U.S. SEC yet to make a decision on ETF applications, regulatory uncertainty continues to weigh on investor confidence [3].

Price predictions for the day suggest a trading range between $2.48 and $2.86, with an immediate forecast of $2.67 as a possible near-term target. These estimates reflect ongoing bearish momentum, with key support levels at $2.90 and $2.85 being closely watched. A recent bounce at $2.96 has been interpreted as a potential bottom-hunting move, but analysts caution that a sustained recovery will require a shift in both sentiment and liquidity [2].

Technical breakdowns indicate that XRP has failed to hold above $3.15–$3.20, reinforcing the bearish outlook. Some analysts speculate that a move above $2.92 could trigger a push toward $3.00, but this scenario is contingent on a meaningful change in market dynamics [2]. Whale activity remains a key concern, with continued token movements to exchanges signaling bearish intent. Derivatives markets also show elevated liquidation risks, which could further amplify volatility in the short term [4].

While the bearish narrative dominates, a few voices have called the current price level a potential buying opportunity for long-term investors. These analysts suggest that the recent decline may represent a broader correction rather than a structural breakdown, and that patient investors may benefit from a future rebound [6].

In conclusion, XRP’s price on August 21 is being shaped by a combination of whale selling, regulatory delays, and macroeconomic pressures. The market remains in a fragile and uncertain state, with the $2.90 and $2.85 support levels serving as crucial indicators for near-term direction. A decisive break above $3.20 could signal a shift in momentum, but until then, traders are likely to remain cautious and watchful.

Source:

[1] Brave New Coin – [https://bravenewcoin.com/insights/xrp-price-today-xrp-tanks-on-whale-sell-off-but-analyst-calls-sub-3-a-blessing](https://bravenewcoin.com/insights/xrp-price-today-xrp-tanks-on-whale-sell-off-but-analyst-calls-sub-3-a-blessing)

[2] 30 Rates – [https://30rates.com/ripple-price-prediction-tomorrow-week-month-xrp-forecast](https://30rates.com/ripple-price-prediction-tomorrow-week-month-xrp-forecast)

[4] CCN.com – [https://www.ccn.com/analysis/crypto/xrp-price-support-shattered-after-whales-exit-no-recovery/](https://www.ccn.com/analysis/crypto/xrp-price-support-shattered-after-whales-exit-no-recovery/)

[6] TheStreet – [https://www.thestreet.com/crypto/markets/top-analyst-says-buy-the-dip-as-xrp-slides](https://www.thestreet.com/crypto/markets/top-analyst-says-buy-the-dip-as-xrp-slides)