XRP News Today: XRP Dips 6% as SEC Delays ETFs and Whales Sell $140M

XRP has suffered a sharp decline amid a broader slump in the crypto market, with Bitcoin slipping below $110,000 and triggering a sell-off across altcoins. The price of XRP has fallen to $2.84, down 6% in the last 24 hours and over 8% weekly, with a market cap of $169 billion and $7.3 billion in 24-hour volume [1]. The bearish momentum has intensified investor concerns, particularly after the U.S. Securities and Exchange Commission (SEC) announced it would delay decisions on several spot XRP ETF applications until October 2025. Applications from Grayscale, Bitwise, and CoinShares had previously been anticipated to receive approvals soon, but the delay has cast doubt on the near-term availability of such products [1].

The SEC’s decision has tempered the optimism that followed Ripple’s recent legal victory, in which the agency dismissed its longstanding lawsuit against the company. Traders had anticipated this win would fast-track ETF approvals, but the extended timeline indicates regulatory caution remains a factor [1]. This regulatory uncertainty has prompted many traders to reassess their exposure to XRP, contributing to the ongoing downward trend.

On-chain data further underscores the bearish pressure, revealing that large XRP holders, or “whales,” have dumped over $140 million worth of tokens onto exchanges in recent days. This distribution pattern typically signals profit-taking and may indicate that whales are reducing their holdings ahead of potential market instability [1]. Historical trends suggest that such large-scale selling often precedes further price volatility. With increased supply being introduced into the market, the risk of continued downward movement remains high unless significant buying interest emerges.

Technically, XRP’s Relative Strength Index (RSI) has fallen below 30, signaling an oversold condition that could precede a short-term rebound. However, the Moving Average Convergence Divergence (MACD) remains bearish, suggesting that the downward momentum is likely to persist. Analysts warn that if XRP fails to hold the $2.80 level, it could continue sliding toward $2.60, a key support area from earlier this summer. A retest of the $3.00 level would be seen as a positive sign for bulls and could set the stage for a challenge against the $3.30–$3.40 resistance range [1].

Despite the near-term challenges, some analysts argue that XRP retains long-term bullish potential, driven by Ripple’s expanding payments infrastructure and growing global partnerships. According to forecasts, if ETF approvals eventually materialize, XRP could revisit the $5 mark by mid-2026. However, if the token fails to defend key support levels, it could drop to $2.40–$2.50 before any meaningful recovery begins [1].

The coming weeks will be critical for XRP, as investors closely monitor regulatory developments, Bitcoin’s price action, and whether whale activity shifts from dumping to accumulation. The asset faces a test of both market fundamentals and regulatory clarity, with the outcome likely to shape its trajectory in the months ahead [1].

Source:

[1] XRP Price Crashes: ETFs Delayed, Whales Dump $140M – What’s Next? (https://coindoo.com/market/xrp-price-crashes-etfs-delayed-whales-dump-140m-whats-next/)