XRP is currently trading around $2.80, down roughly $0.04 (−1.4%) from the previous session, with intraday highs near $2.84 and lows approaching $2.71.
The broader cryptocurrency market appears to be in a corrective phase, and September’s historically weaker seasonality may be amplifying the downturn. As investor sentiment softens, retail demand and on‑chain activity have also weakened, dragging down overall trading volumes and reflecting diminished participation across market tiers.
Whale selling and technical pullback intensify the decline
Large holders are increasingly selling whale-size XRP positions, leading to significant liquidations that have intensified the downward momentum. Additionally, profit-taking at key resistance levels appears to have triggered a technical pullback, as traders lock in gains after recent rallies. Broader geopolitical and economic uncertainty has also contributed to a risk-off environment, pushing cautious investors to reduce exposure to speculative assets like XRP.
Analyst’s view: correction driven by macro, profit-taking, and liquidation
Analyst Anton Kharitonov attributes XRP’s current faltering to a combination of seasonal weakness and macro pressure. He notes that September’s tendency toward crypto market corrections is reinforcing the sell-off. Weaker retail activity and on-chain engagement suggest waning participation in the token, while heavy selling by whales has accelerated forced liquidations, compounding selling pressure.
Kharitonov stated:
"Investors have reduced demand for high-risk assets, which explains the correction in XRP. However, the increase in applications to launch an XRP ETF suggests that the asset may soon return to growth—possibly as early as the end of this week."
He also highlights that profit-taking at resistance may be prompting technical pullbacks, especially as market participants digest recent gains. Finally, Kharitonov sees that rising geopolitical and economic uncertainty is dampening overall appetite for risk, which could keep XRP under downward pressure until stability returns.
Recently we wrote that XRP is trading at $2.7333, down 3.65% on the day.
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