Ripple (XRP) Under Pressure: Whale Sell-Off and Bearish Signals Suggest Possible Drop
Ripple’s XRP $XRP is showing signs of weakness after a recent rally, as technical indicators and large-scale selling by major holders raise concerns about a possible price drop.
Currently, XRP is trading at $2.94, down 3.7% in the last 24 hours, and has fallen nearly 19% from its recent high of $3.65 on July 18. Despite gaining around 29% in the last month, current trends are making investors nervous.
🔍 What’s Going Wrong for XRP?
The price dip started off mild but is now turning into something more serious. Two major red flags are making headlines:
1. Sell Signal from Technical Indicator
Crypto analyst Ali Martinez reported on August 6 that XRP’s Tom DeMark Sequential indicator (used to predict reversals) flashed a sell signal on the 3-day chart — right before the recent decline began. This suggests the current downtrend may continue.
2. Massive Whale Selling
In the past few days, large holders (whales) have sold over 720 million XRP tokens. That kind of heavy selling usually means big players are either locking in profits or losing confidence in the short term. It adds a lot of pressure on the market.
💀 What's a "Death Cross" and Why It Matters
Another troubling signal is the MVRV ratio death cross, a technical metric that shows the average profit of token holders. When this crosses below a certain threshold, it often means traders are less profitable and more likely to sell — pushing prices even lower.
Right now, XRP $XRP has been trying to hold the $3.00 support level, but Martinez warns it might not last. He sees $2.80 as a short-term stop, and if that breaks, the next support level could be around $2.48 — a much deeper correction.
📉 XRP Technical Analysis: More Signs of Weakness
Bollinger Bands: Price is moving sideways below the middle band — a sign of uncertainty.RSI (Relative Strength Index): Currently at 48.8, it’s neutral but slightly dropping — not a bullish sign.Momentum & MACD: Both indicators are negative, showing selling pressure is increasing.Moving Averages:Short-term (10-day & 20-day) are turning bearish — now acting as resistance.Longer-term (50, 100, 200-day) still support the broader uptrend — a small positive for bulls.
📊 What's Next for XRP?
If XRP falls below $2.80 with strong selling, we could see it head toward $2.48.But if it holds above $2.80 and climbs back above $3.00 with good trading volume, the next target could be around $3.20–$3.30.
