XRP News Today: XRP Eyes $2.40–$2.60 Buy Zone After 13% Pullback Amid Whale Accumulation

Analysts have highlighted a key buy zone for XRP between $2.40 and $2.60, positioning it as a critical area for accumulation and potential price recovery. This range has attracted attention due to historical on-chain activity and technical signals suggesting increased buyer interest [1]. The price has stabilized near this level after a notable 13% correction from the $3 mark to below $2.60, sparking cautious optimism among market participants [2]. If the asset holds in this range, it could signal a broader market turnaround and attract further institutional or retail buying.

Market observers point to the $3 level as a crucial support zone that has shown resilience despite the recent pullback. A sustained close above $3.20 is seen as a potential trigger for a more significant upward move, as this level has historically acted as a resistance threshold [4]. Analysts such as StephisCrypto and CryptoInsightUK have drawn comparisons between the current market setup and the 2017 XRP price surge, suggesting that if the $3.18 level holds, XRP could repeat a similar bullish pattern [3].

On-chain data also supports the idea that key players are preparing for a potential price move. Whale activity has been detected, with large wallets accumulating XRP, indicating growing confidence in the asset’s near-term trajectory [5]. Furthermore, the $2.80–$2.95 range has been identified as an intermediate support zone where additional buying pressure may emerge if the price consolidates [6]. This suggests that the asset could be entering a critical consolidation phase ahead of a breakout.

Early August saw a short-term rally, with XRP rising 3% to $3.24 amid broader crypto market optimism. However, the asset has since drifted lower, starting the month in negative territory. Low spot trading volume during the consolidation phase has been interpreted as a sign of exhausted selling pressure, hinting that the current pullback may be nearing its conclusion [8].

While the short-term outlook remains uncertain, the broader technical and on-chain indicators suggest that XRP is in a transitional phase. Analysts are closely monitoring the $2.40–$2.60 accumulation zone and key resistance levels above $3 for signs of a potential reversal. If buyers step in at these critical levels, a meaningful rebound could be on the horizon for XRP.

Source:

[1] https://www.ainvest.com/news/xrp-news-today-xrp-dips-13-3-analysts-watch-2-40-2-60-buy-zone-rebound-2508/

[2] https://blockchain.news/flashnews/xrp-price-analysis-deep-correction-signals-potential-rebound-from-2-40-2-60-zone

[3] https://coindoo.com/market/analyst-flags-key-xrp-buy-zone-ahead-of-possible-rebound/

[4] https://m.fastbull.com/news-detail/ripple-xrp-price-predictions-for-this-week-news_6100_0_2025_3_6352_3

[5] https://coincentral.com/onchain-whale-movement-detected-same-wallets-that-pumped-xrp-100x-in-2024-start-adding-new-ai-coin/

[6] https://www.instagram.com/p/DM0jeitJd0f/

[7] http://www.msn.com/en-in/money/markets/xrp-price-prediction-after-today-s-3-surge-is-ripple-set-to-smash-4-as-whales-buy-big-and-experts-predict-60-rally/ar-AA1JrfYE?apiversion=v2&batchservertelemetry=1&domshim=1&noservercache=1&noservertelemetry=1&renderwebcomponents=1&wcseo=1

[8] https://www.fxstreet.com/cryptocurrencies/news/ripple-price-forecast-xrp-starts-august-in-the-red-but-low-spot-volume-signals-seller-exhaustion-202508011515