XRP Price Today: XRP Correction Sparks Whale Activity and Trading Opportunities

XRP price today faces consolidation after recent volatility, with whale accumulation intensifying, creating fresh trading opportunities for investors eyeing potential breakouts above key resistance levels.

The third-largest cryptocurrency trades around $3.10, holding above crucial support at $3.02 following last week’s peak near $3.35. Increased institutional and whale demand suggest the dip could be a strategic accumulation phase rather than a sustained decline.

Market Overview: Whale Demand Supports XRP

On-chain data indicates that large holders are actively buying XRP, even amid market-wide volatility. In the past week alone, whales acquired roughly 440 million XRP, worth approximately $3.8 billion, including 120 million tokens during a $10 billion market sell-off on August 15.

Whales purchased 120 million XRP during the recent price dip. Source: Ali Martinez via X

This concentrated buying demonstrates long-term confidence in XRP and helps offset retail-driven selling during short-term corrections. Despite shedding $15 billion in market capitalization since August 8, XRP maintains a fully diluted valuation of $308 billion. Daily trading volumes have dropped 36% to $7.55 billion, highlighting a potential accumulation phase rather than a breakdown.

Historically, significant wallet inflows and declining exchange reserves have preceded stabilization and price recovery, reinforcing XRP’s resilience during corrections.

Technical Analysis: Momentum Building

XRP price prediction signals bullish potential as technical indicators tighten. A symmetrical triangle pattern is forming on the 4-hour chart, with higher lows visible since late July. The token trades just below the 50 SMA at $3.20, which acts as triangle resistance and a pivotal level for the next breakout.

XRP is consolidating in a triangle, with a potential breakout above $3.26 targeting $3.90. Source: Ali Martinez via X

Candlestick analysis shows spinning tops and indecisive closes, common precursors to strong price moves. A bullish engulfing candle forming in the $3.02–$3.10 zone would confirm demand. The RSI sits at 48, leaving room for upside, while the MACD flattens, hinting at a potential bullish crossover.

Key resistance zones lie at $3.38 and $3.51, with extended momentum possibly testing $3.66. Support below $2.89 would break the higher-low structure, granting control to bears.

Whale Activity: Ripple Whales Accumulate

Whales continue to play a crucial role during the recent XRP correction. Data shows that major holders have accumulated over $360 million worth of XRP in the latest dip. Over the past weeks, they also purchased an additional 320 million XRP, roughly $1 billion, in just three days.

XRP was trading at around $3.11, up 1.75% in the last 24 hours at press time. Source: XRP Liquid Index (XRPLX) via Brave New Coin

Such substantial acquisitions reduce circulating supply and often set an example for smaller investors. The price of XRP has stabilized between $3.00 and $3.30 over the past ten days, with bulls successfully defending the lower boundary. The upper range at $3.26 remains a critical breakout point, which, if surpassed, could push XRP toward a new all-time high near $3.90.

Final Thoughts

XRP’s correction phase has sparked renewed whale activity, reducing supply and creating a strategic accumulation window for traders. Technicals point to potential upside, with key levels at $3.38, $3.51, and $3.66 offering clear targets, while support at $3.02–$3.10 remains a critical pivot. This period highlights XRP as a market to watch closely, with trading opportunities emerging from whale-driven dynamics.