XRP has entered one of its most turbulent phases of 2025, caught between aggressive whale selling and fresh uncertainty from U.S. regulators.
The token has slipped back under $3, forcing traders to weigh whether support will hold or if a deeper correction is looming.
Whale Dump Sparks Panic
Over the past ten days, large XRP holders have dumped roughly 470 million tokens, according to on-chain analyst Ali Martinez. The mass selling coincides with a 17% decline in price over the last month, with XRP now trading near $2.89.
Such large-scale distribution has fueled speculation that institutional investors are cutting exposure ahead of regulatory decisions. The selling has also left XRP under its key moving averages, with the 20-day EMA at $3.09 and the 50-day EMA at $2.93 both serving as overhead resistance.
SEC ETF Decision Delayed Again
Compounding the pressure, the U.S. Securities and Exchange Commission has postponed its decision on Nasdaq’s application for a Coinshares-backed XRP ETF. The ruling, initially expected in late August, has been pushed to October 23.
An approved ETF would mark a turning point by giving institutions a regulated pathway into XRP. However, repeated delays have undermined confidence, reinforcing concerns that the SEC may remain hesitant to greenlight the product.
Technical Picture Turns Bearish
From a charting perspective, XRP is testing the lower edge of its long-standing ascending channel between $2.80 and $2.85. Losing this level could open the door to deeper losses, with $2.60 as the next key target.
Indicators also paint a cautious picture. The Relative Strength Index (RSI) is hovering near 42, showing weak buying momentum but not yet signaling an oversold condition. The MACD has flipped bearish, while the Chaikin Money Flow sits in negative territory, reflecting capital outflows.
Still, the Balance of Power indicator suggests sporadic buying pressure remains, hinting that bulls have not completely abandoned the fight.
What It Would Take to Recover
To shift momentum, XRP first needs to reclaim the $3 level. From there, resistance at $3.37 marks the mid-channel barrier, and clearing that would strengthen the bullish case for a push toward $3.70–$3.80.
In the longer term, the fate of the ETF decision could be the real catalyst. A positive outcome could reignite institutional interest, offsetting current whale selling and restoring market confidence. Until then, volatility is likely to remain elevated.autious.
The information provided in this article is for informational purposes only and does not constitute financial, investment, or trading advice. Coindoo.com does not endorse or recommend any specific investment strategy or cryptocurrency. Always conduct your own research and consult with a licensed financial advisor before making any investment decisions.
Alex is an experienced financial journalist and cryptocurrency enthusiast. With over 8 years of experience covering the crypto, blockchain, and fintech industries, he is well-versed in the complex and ever-evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His approach allows him to break down complex ideas into accessible and in-depth content. Follow his publications to stay up to date with the most important trends and topics.
Source: https://coindoo.com/xrp-news-price-faces-collapse-after-massive-whale-exit/