- XRP has fallen below $3, posting a 17% loss over the past month amid whale selling.
- Whales have sold nearly 470 million XRP in just 10 days, fueling bearish momentum.
- The SEC delayed its decision on the Coinshares XRP ETF until October 23, 2025.
XRP is facing a severe crisis of confidence, driven by aggressive selling from its largest holders. On-chain analyst Ali Martinez revealed that XRP whales have offloaded nearly 470 million tokens in just the past ten days, intensifying the selling pressure that has sent the price tumbling 17% over the last month.
This massive sell-off from “smart money” has pushed XRP below the critical $3 psychological threshold now trading at $2.89; well below the 20-day EMA at $3.09 and the 50-day EMA at $2.93.
Such aggressive selling from large holders has heightened concerns that institutional players are cashing out ahead of regulatory uncertainties.
SEC Delays XRP ETF Decision Once Again
Adding to the market’s anxiety, the US Securities and Exchange Commission (SEC) has once again postponed its decision on the Coinshares XRP ETF proposal submitted via Nasdaq.
The deadline has been pushed from August 24 to October 23, with the agency citing a need for more time to evaluate the proposal.
CoinEdition’s report on the broader implications of the SEC delay:
SEC Delays XRP ETF Decisions to October 2025, Extends Reviews for Major Issuers
If approved, the ETF would provide regulated market access to XRP through Nasdaq’s Commodity-Based Trust Shares framework, potentially broadening institutional participation.
XRP Price Clings to Last Line of Defense
The technical picture for XRP looks increasingly precarious. The token is currently testing the lower boundary of a long-standing ascending channel, a make-or-break support level between $2.80 and $2.85.
CoinEdition’s earlier report, XRP Fails $3.09 Resistance as Bears Try to Push XRP Price Back To $2.96 has been confirmed, with momentum indicators now firmly bearish.
Momentum indicators also lean bearish. The Relative Strength Index (RSI) sits at 42, pointing to weak buying pressure but not yet oversold territory.
The MACD line has crossed below the signal line, highlighting bearish momentum, while the Chaikin Money Flow (CMF) at -0.07 reflects capital outflows.
Still, the Balance of Power indicator shows intermittent buying strength, suggesting that bulls are not completely absent.
For now, XRP needs to hold its ascending channel support around $2.80–$2.85 to prevent further downside. A breakdown below this zone could open the door toward $2.60.
On the upside, reclaiming $3 remains the first hurdle, with the 20-day EMA at $3.09 serving as the next resistance. A breakout above the mid-channel resistance at $3.37 could re-establish bullish momentum and target the $3.70–$3.80 zone.
While short-term pressures from whale selling and regulatory delays weigh on XRP, the longer-term narrative could shift if the SEC eventually approves the ETF.
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