$XRP is trading around $2.92 today, down just over 1%. At first glance, it looks like a minor dip. But dig deeper, and you’ll see a storm of whale moves, SEC delays, and ETF speculation shaping the chart.
And it leaves one big question: what happens if BlackRock—the king of ETFs—decides to file for an XRP ETF?
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Why XRP Dropped Today 📉
The main driver of today’s slip? Whale dumping.
Between August 18–20, wallets holding 10M–100M XRP sold a staggering 470M tokens (~$1.35B).
That’s the largest sell-off since July, when 660M XRP hit the market, dragging price down 10%.
The dump triggered liquidations: $31M in longs were wiped out in the $2.90–$3.00 zone, catching overleveraged traders off guard.
Meanwhile, the SEC pushed back ETF decisions (including Grayscale’s) until October 19, cooling short-term hype. Analysts like Nate Geraci remain confident approval is a matter of when, not if, but delays weigh on momentum.
There is a bright spot: the CLARITY Act is progressing in Congress and awaiting a Senate vote. If passed, it could finally clear XRP’s regulatory fog.
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What If BlackRock Files for an XRP ETF? 💡
Now things get interesting.
BlackRock already dominates the ETF game with Bitcoin and Ethereum. A Ripple ETF filing would send shockwaves through crypto markets.
On Filing Alone: Front-running traders could easily push XRP to $4–$5.
On Approval: Institutional giants—pension funds, wealth managers, traditional allocators—would finally have a regulated on-ramp. Price could soar back to $7–$10, maybe even retest all-time highs.
Ultra-Bull Case: In the next full cycle, XRP could reach $15–$20, putting it at a trillion-dollar market cap—in the same league as Bitcoin and Ethereum.
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Final Thoughts ✍️
For now, XRP sits stuck between whale pressure and regulatory delays. But if BlackRock steps in, the entire narrative flips.
👉 A simple filing could pump the price.
👉 A full approval could open the floodgates for institutional money.
Today’s $2.92 dip feels small. Zoom out, and the “BlackRock scenario” could make XRP one of the most explosive assets of the next few years.
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