XRP News Today: XRP Eyes $3.1 Breakout Amid Crypto Market Sell-Off and Whale Accumulation

The cryptocurrency market continued its bearish trend into the week, with the total market cap dropping 4.5% over the last 24 hours. This widespread sell-off impacted Bitcoin, Ether, and XRP, among others. Bitcoin fell below $110,000, losing 3.5% of its value, while Ether faced the risk of dropping below $4,400 after hitting an all-time high above $4,900. XRP also experienced a nearly 5% decline, trading below $3 amid heightened market volatility [1].

Despite the downward pressure, XRP remains underpinned by bullish activity within the Ripple ecosystem. On-chain data from Santiment indicates that whale accumulation is ongoing: addresses holding between 1 million and 10 million XRP now control 10.6% of the total supply, up from 9.8% in early July and 9.14% in early March. This steady increase in large-stakeholder holdings suggests potential support for a longer-term price rebound [1].

Gemini, the crypto exchange co-founded by Cameron and Tyler Winklevoss, launched an XRP-focused Mastercard credit card in partnership with Ripple. The card offers users the opportunity to earn up to 4% in XRP on certain purchases, such as fuel, EV charging, and rideshares. Ripple CEO Brad Garlinghouse highlighted the initiative as a way to bridge the gap between everyday spending and digital asset adoption, noting that 55 million Americans already own crypto and more are seeking easier ways to use it in daily life [1].

From a technical perspective, the XRP/USD 4-hour chart shows signs of consolidation. The RSI stands at 47, suggesting the market could move toward oversold territory if the selling pressure continues. The MACD lines are beginning to shift into the negative zone, indicating a possible pause in bullish momentum. However, if buyers regain control, XRP could test the $3.1 resistance level in the coming hours or days, with further upside potential toward $3.4. Conversely, a continued decline could see the asset retest the $2.77 level, with strong support expected at $2.72 [1].

Analysts remain cautious but optimistic about XRP’s potential to break out of its current trading range, especially with key developments like the Gemini credit card and rising whale activity. The market remains sensitive to broader macroeconomic signals, including recent comments by Federal Reserve Chair Jerome Powell, which initially triggered the sell-off. While the near-term outlook is uncertain, the combination of product innovation and on-chain strength provides a foundation for a potential recovery [1].

Source:

[1] XRP eyes $3.1 breakout despite widespread crypto sell-off – Invezz (https://invezz.com/news/2025/08/26/xrp-eyes-3-1-breakout-despite-widespread-crypto-sell-off-check-forecast/)