XRP Price Falls Below $3 as $1.35 Billion Whale Sell-Off Breaks Market Support

Jakarta, Pintu News – The price of XRP (XRP) lost ground at the $3 support level for the first time since August 2, as a massive market sell-off saw almost all of the top 10 cryptocurrencies decline on August 20, 2025.

In the past seven days, XRP – which is the third-largest by market capitalization – has fallen by about 10%, extending its ongoing correction phase.

In this analysis, the CCN website discusses the main factors that led to XRP’s weakness and reviews the short-term outlook of the crypto asset.

Triangle Pattern Breakdown Confirmation on XRP

The 4-hour chart (Aug 20) shows that the price of XRP has been moving in a symmetrical triangle-shaped consolidation pattern since the beginning of the month. However, on Tuesday, August 19, the token broke below the lower trend line of the triangle, while losing important support at the $3 level.

Read also: Shiba Inu Burn Rate Plummets 98%, SHIB Price Loses 20-Day Support!

Findings from the CCN website show that XRP failed to break the upper resistance trend line due to a lack of buying pressure. This weakness was also reinforced by the Bull Bear Power (BBP) indicator, which dropped into negative territory on Monday, August 18.

The decline indicates that sellers are currently dominant, while buyers are on the defensive.

If this trend continues, the price of XRP has the potential to not only stop at $2.89, but is also in danger of breaking the next support level at $2.76 and even $2.21, especially considering that the resistance at $3.33 is proving difficult to break.

Whale Selling Triggers Decline

In addition to weak buying pressure, the sell-off of XRP whales also exacerbated the price decline.

Data from Santiment shows that wallets holding between 10 million to 100 million XRP have cut their holdings from over 8 billion tokens to 7.59 billion.

This means that in the past few days, the whales have offloaded around 470 million XRP, worth approximately $1.35 billion. This kind of massive distribution can put significant pressure on the price, as large holders usually heavily influence market sentiment.

If this trend continues, XRP prices could potentially continue to weaken as the market tries to absorb the excess supply.

Read also: ETH Climbs 3% Today, Rebounding from $4,100 with Whales Showing Resilience!

XRP Price Prediction: Potential for a Deeper Fall

Based on the daily chart (21/8), the CCN website noted that the price of XRP had formed a bullish pennant pattern, which usually indicates a potential upward breakout. However, until now the buying volume has not been strong enough to support the increase.

Under these conditions, the MACD indicator shows a bearish signal, where the 12-day EMA cuts below the 26-day EMA. If this trend continues, the price of XRP can be expected to drop to around $2.45 at the golden ratio level of 0.618. Failure to hold at this point could accelerate the downward trend further.

In the worst-case scenario, the price of XRP is at risk of falling below $2.
However, this prediction could be invalidated if buying pressure increases and whales return to accumulation.

If that happens, XRP has a chance to break the upper trend line of both the triangle and pennant patterns, which could send its value soaring to around $3.66.

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

Reference:

• CCN. XRP Bleeds Below $3 as Whales $1.35B Exit Wrecks Support – No Recovery Yet. Accessed on August 21, 2025