Ripple's digital token, XRP, bids adieu to the $3 mark, but holds on to a potential catch of 500 million units
In a recent turn of events, XRP, the third-largest cryptocurrency by market capitalization, has seen a dip in its price, falling below the $3 mark. However, this development has not deterred the activity of whales and institutional investors, who continue to accumulate the digital asset.
The story on the XRP network suggests that despite the dip in price, whales and institutional players are still active. A renewed whale activity could lead to an earlier-than-anticipated push toward the $3 mark. The volume on the decline has been comparatively low compared to the July parabolic climb, suggesting consolidation rather than a complete reversal.
This continued whale and institutional activity is driven by bullish accumulation and positive expectations for a significant price breakout in the near term. More than 70 million XRP tokens have moved out of dormant Ripple-linked wallets recently, reflecting major investor accumulation behavior, which typically signals anticipation of a price surge.
Additionally, institutions and high-net-worth traders have opened over $25 million in long positions on major crypto exchanges, indicating ongoing confidence and positioning for upward price movement. Over 310 million XRP tokens (nearly $1 billion in value) have been accumulated during the recent correction, with exchange balances shrinking—another sign of sustained capital inflow and buying interest by large holders and institutions despite downward price pressure.
The participation of BlackRock’s Director of Digital Assets at Ripple’s recent Swell 2025 conference further underscores growing institutional alignment with XRP, even amid a fragile market environment.
Analysts perceive technical patterns and whale activity as indicators that XRP could break resistance around $3.35 and potentially surge to targets ranging from $5 to $10 or higher within the coming months. Some experts use Fibonacci extensions, Gann angles, and Elliott Wave theory to back bullish price forecasts.
However, it's important to note that the current price of XRP is below the psychological $3 threshold, and the recent drop has brought it down to $2.93 as of press time. The volume of on-chain payments for XRP, though still high, has decreased compared to the peak in July. The drop in XRP's price is a correction following a lengthy rally in early July.
Despite the selling pressure, it appears to be abating, suggesting a possible pause rather than a breakdown. The 50 EMA may serve as another significant buffer before a more significant move is feasible. The RSI for XRP's price chart has fallen out of the overbought territory and is currently at around 47.
It's crucial to remember that the financial and market information provided is for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. XRP's current price is still well above key support zones. More than 500 million XRP have been moved across the network in the last 24 hours.
In summary, despite the recent price dip below $3, sustained whale accumulation, large long positions by institutional players, overt capital inflows during the correction, and positive technical signals are motivating continued significant activity in XRP from major holders and institutions.
- Whales and institutional investors are still active in the XRP network, showing resilience despite the price dip below the $3 mark.
- A new wave of whale activity could potentially push the XRP price back towards the $3 mark earlier than anticipated.
- The movement of more than 70 million XRP tokens from dormant Ripple-linked wallets indicates a major accumulation behavior by investors, often a sign of anticipation for a price surge.
- Institutional investors and high-net-worth traders have opened over $25 million in long positions on major crypto exchanges, signaling ongoing confidence and preparation for an upward price movement in XRP.
