XRP hit by selling pressure, price slumps-will there be a resurgence in August 2025?

Jakarta, Pintu News – Ripple’s XRP saw a sharp decline after its exchange rate fell below $3, raising concerns among investors about its short-term stability. After touching $3.40 in early July, the cryptocurrency is now trading at around $2.81. The drop comes at a time of general weakness in the crypto market, reinforcing fears of a major sell-off.

Technical Analysis Shows Bearish Trend

Technical indicators point to a strong bearish trend on XRP. The Relative Strength Index (RSI) has retreated from the overbought zone and is now at 43.35. There is a bearish crossover between the RSI and the moving averages which suggests that the downward momentum will continue.

Additionally, the Moving Average Convergence Divergence (MACD) is showing a decline with a negative histogram of -0.0879, further strengthening the bearish bias. Currently, the price of XRP is consolidating near $2.81, with the support level of $2.70 to $2.87 being key to stabilize the short-term trend. If the price breaks below the range, XRP may drop towards the $2.40 to $2.60 area, where buying interest may reappear if the price can hold.

Also Read: 5 Crypto that Can Bring Bigger ROI than Bitcoin: Analysts’ Picks?

Global Crypto Market Shows Vulnerability

On August 1, the crypto market saw over $754 million liquidated as price drops triggered margin calls and leveraged positions being closed. Ethereum (ETH) recorded $335 million in selling volume within two minutes, signaling panic or aggressive profit-taking.

The Bitcoin (BTC) Advanced Sentiment Index has also turned bearish, reflecting a shift in investor sentiment to a more cautious one. This decline has not only affected XRP, but also other major cryptocurrencies such as Ethereum (ETH) and Bitcoin (BTC), with higher volatility in XRP making it particularly sensitive to systemic stress.

Speculation and New Strategies in Cloud Mining

Adding to the uncertainty is the $246 million transfer of XRP by Kraken. While no direct link has been proven between the transfer and the price drop, the timing of this transaction has fueled speculation about market manipulation or large-scale profit-taking.

Despite the bearish signals, some analysts remain cautiously optimistic. Stabilization above $2.70 could provide the basis for a recovery, but without strong buying momentum, the token may continue to slide before testing key support zones again. Cloud mining platforms have introduced new strategies to capitalize on this decline, but these are still speculative and have yet to have a significant impact on price action.

Conclusion

The current scenario emphasizes the importance of monitoring key support levels as a defensive and predictive measure. Investors are advised to remain cautious and observe how prices behave around these thresholds as the market continues to face uncertain conditions.

Also Read: 5 Crypto Ready to Pump After Bitcoin Consolidates in August 2025, Don’t Miss Out!

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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 are subject to high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying andselling Bitcoin and other crypto asset investments are the responsibility of the reader.

Reference

• AINVEST. XRP News Today: XRP Falls 3% as Crypto Market Weakness Intensifies Sell Pressure. Accessed on August 4, 2025