XRP has once again become the center of attention in the market after a week of volatility, witnessing a market capitalization drop of billions of USD while "whales" quietly accumulated large volumes. In just a few days, over 440 million XRP, worth 3.8 billion USD, have been "acquired" by large investors, even as the spot price fell nearly 8%. The unusual combination of strong selling pressure and robust buying from "whales" raises an important question: is XRP preparing for a major reversal, or are there still more declines to come?
XRP Price Prediction: What Happened to XRP This Week?
The price movement of XRP this week is a tug-of-war between the large accumulation by whales and the strong risk-averse sentiment across the market. On August 15, whales accumulated 120 million XRP in just one day, right as this token experienced one of its strongest daily declines in months.
XRP's market capitalization dropped by 10 billion USD in 24 hours, from 193.85 billion USD to 182.85 billion USD. Over the past week, the market capitalization has decreased by 15 billion USD from the peak on August 8, while the spot price has corrected nearly 8% down to around $3.08.
Despite this decline, the fully diluted valuation (FDV) of XRP remains high at $308.31 billion, indicating that long-term confidence in its value proposition has yet to be re-evaluated. Furthermore, the accumulation activity by whales is not small - data shows that 440 million XRP (3.8 billion USD) were purchased by large investors in just one week.
What Does the Daily XRP Price Chart Tell Us?
Looking at the daily chart:
Support Zone: XRP is finding important support around the $3.00–$3.10 range, coinciding with the middle line of the Bollinger Bands (3.10). This level has held well in recent sessions, indicating that accumulation is creating a price floor.
Resistance Level: The nearest ceiling is at the $3.35–$3.50 level. Breaking through this range could pave the way to $4.00 and $4.50, with Fibonacci extension levels forecasting targets of up to $5.50.
Trend Context: XRP experienced a strong price surge in mid-July, peaking near $3.60 before correcting. The Heikin Ashi candles currently indicate accumulation with smaller body candles, signaling hesitation but also potential groundwork for the next price increase.
Bollinger Bands: The Bollinger Bands have begun to narrow, indicating a decrease in volatility. Traditionally, such pullbacks are often followed by breakouts.
Are Whales Building a Price Floor for XRP?
Such large-scale accumulation of XRP rarely happens randomly. By purchasing over $3.8 billion worth of XRP in less than a week, large investors are significantly tightening liquidity on exchanges and reducing available supply. If exchange reserves continue to decline, this will set the stage for a supply shock when demand returns.
Historically, XRP has shown strong recoveries after such focused accumulation periods. Data indicates that whale investors are preparing for a medium-term price increase, even as retail investor sentiment remains cautious.
What is the Short-Term Outlook?
In the short term, XRP is likely to fluctuate in the range of $3.00–3.35 until trading volume returns. A daily close above $3.50 would confirm bullish momentum and direct XRP towards $4.00–4.50. On the downside, if the $3.00 level is breached, XRP could test the lower Bollinger band near $2.85 before stabilizing.
XRP Price Prediction: How Could XRP Price Increase Next?
Bullish Case: If whales continue to absorb the supply and the price breaks through the resistance level of $3.50, XRP could rise to the range of $4.50–5.00 in the coming weeks.
Bearish Case: If the market-wide sell-off continues and the $3.00 level fails, XRP could test the support level of $2.80 before recovering.
Overall, the combination of whale accumulation, tightening liquidity, and chart consolidation suggests a medium-term trend reversal is forming. The next two weeks could determine whether XRP breaks out to new highs or tests deeper support levels before recovering.