XRP News Today: Large XRP Holders Sell $1.9 Billion Amid $3.00 Support Test

Large XRP holders have sold approximately 640 million units of the cryptocurrency in recent weeks, totaling around $1.9 billion in market value, as the token faces a key support level of $3.00 [1]. This selling pressure has emerged despite a recent 5.5% price increase, with XRP climbing from $2.90 to $3.07 over the past 24 hours, driven in part by perceptions of reduced supply following an unexpected pause in Ripple’s monthly XRP unlocks [1].

Ripple, which typically releases one billion XRP monthly and re-escrows about 700 million, did not unlock any tokens in August 2025—the first such pause since January 2018 [1]. However, on August 1, Ripple returned 700 million XRP to escrow, hinting that the full one-billion release might still occur later in the month [1]. Analysts remain divided on whether this reflects a temporary delay or a permanent shift in token distribution strategy.

The price of XRP has fluctuated between $2.28 and $3.54 in recent weeks, with active profit-taking evident in on-chain activity [1]. Technical analysis now identifies $3.00 as a crucial support level; a break below that threshold could open the door to further declines, potentially dragging the price back toward $2.80 [1]. Conversely, sustained strength above $3.00 may signal renewed investor confidence, especially if Ripple officially ends its monthly unlocks.

Over the past month, XRP has gained 31.85%, and on a yearly basis, it has surged by more than 508%, outperforming many other major cryptocurrencies in 2025 [1]. Despite recent selling by large holders, the token’s long-term trajectory remains largely positive.

Industry observers also speculate that regulatory developments could influence XRP’s future. Nate Geraci, President of NovaDius Wealth Management, noted that BlackRock is likely delaying its XRP ETF filing until after the U.S. Securities and Exchange Commission finalizes a revised approval framework—expected by late Q4 2025 [1]. This delay could impact broader institutional adoption, though XRP’s performance suggests strong demand regardless of regulatory uncertainty.

Traders are now closely monitoring XRP’s ability to break above the $3.02 resistance level. A successful breakout could set the stage for a new rally toward the $3.50–$3.65 range. However, a failure to maintain support near $2.92 raises the possibility of a pullback to $2.60–$2.50 [1].

Source: [1] Whales Dump 640M XRP as Token Faces Critical Support Test (https://coinmarketcap.com/community/articles/6894bbe2ee5c4d37240e3c44/)