Recent price declines of XRP highlight the impact of regulatory delays and large investor activity on the market.
SEC Delays Spark Investor Concerns
Optimism surrounding XRP took a hit after the U.S. Securities and Exchange Commission (SEC) delayed decisions on several spot XRP ETF filings. Applications from Grayscale, Bitwise, and CoinShares have now been pushed to October 2025, dampening hopes for an imminent approval.
This setback comes only weeks after Ripple scored a legal victory when the SEC dismissed its long-standing lawsuit against the company. Traders had expected that momentum to fast-track ETF approvals, but the delay shows regulators are still cautious.
Whale Selling Adds to Pressure
On-chain data indicates that large XRP holders offloaded over $140 million worth of tokens onto exchanges in recent days. This distribution trend suggests profit-taking by whales, intensifying selling pressure and sparking worries about further downside.
Historically, heavy whale activity has often preceded volatile price moves, with XRP now facing the challenge of absorbing this increased supply.
Technical Picture: Oversold but Still Weak
XRP’s Relative Strength Index (RSI) has dropped below 30, a level considered oversold and often associated with potential rebounds. However, the MACD remains bearish, pointing to continued downside momentum unless buyers step in with conviction.
If XRP fails to hold the $2.80 region, analysts warn it could slide toward $2.60, a key support level from earlier this summer. Conversely, reclaiming $3.00 would be an encouraging sign for bulls and could open the door for another test of the $3.30–$3.40 resistance zone.
At the time of writing, XRP trades at $2.84, marking a 6% daily decline and over 8% down on the week. Its market capitalization sits at $169 billion with $7.3 billion in 24-hour volume. The next weeks will be critical as investors weigh regulatory clarity, Bitcoin’s stability, and whether whales continue unloading or begin accumulating again.
