XRP has extended its decline, dropping to $2.84 after a turbulent session that saw sharp losses across the crypto market.
Bitcoin’s slide below $110,000 acted as a trigger, pulling altcoins into the red and wiping out short-term bullish momentum.
SEC Delay Sparks Investor Concerns
Optimism surrounding XRP took a hit after the U.S. Securities and Exchange Commission (SEC) delayed decisions on several spot XRP ETF filings. Applications from Grayscale, Bitwise, and CoinShares have now been pushed to October 2025, dampening hopes for an imminent approval.
The setback comes only weeks after Ripple scored a legal victory when the SEC dismissed its long-standing lawsuit against the company. Traders had expected that momentum to fast-track ETF approvals, but the delay shows regulators are still cautious.
Whale Selling Adds to Pressure
On-chain data indicates that large XRP holders offloaded over $140 million worth of tokens onto exchanges in recent days. This distribution trend suggests profit-taking by whales, intensifying selling pressure and sparking worries about further downside.
Historically, heavy whale activity has often preceded volatile price moves, with XRP now facing the challenge of absorbing this increased supply.
Technical Picture: Oversold but Still Weak
XRP’s Relative Strength Index (RSI) has dropped below 30, a level considered oversold and often associated with potential rebounds. However, the MACD remains bearish, pointing to continued downside momentum unless buyers step in with conviction.
If XRP fails to hold the $2.80 region, analysts warn it could slide toward $2.60, a key support level from earlier this summer. Conversely, reclaiming $3.00 would be an encouraging sign for bulls and could open the door for another test of the $3.30–$3.40 resistance zone.
Price Speculation: What’s Next for XRP?
Short-term outlook remains fragile, with ETF delays and whale selling weighing on sentiment. Yet, if Bitcoin stabilizes above $110,000, altcoins like XRP could benefit from a relief rally.
Some analysts argue that XRP still holds long-term bullish potential due to Ripple’s growing ecosystem of payments and partnerships. If ETF approvals eventually come through, XRP could revisit the $5 mark by mid-2026. On the downside, failure to defend support might drag prices back toward $2.40–$2.50 before any meaningful recovery begins.
Conclusion
At the time of writing, XRP trades at $2.84, marking a 6% daily decline and over 8% down on the week. Its market capitalization sits at $169 billion with $7.3 billion in 24-hour volume. The next weeks will be critical as investors weigh regulatory clarity, Bitcoin’s stability, and whether whales continue unloading or begin accumulating again.
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.
Reporter at Coindoo
Source: https://coindoo.com/market/xrp-price-crashes-etfs-delayed-whales-dump-140m-whats-next/