The post XRP Drops Below $3 as Whales Distribute and Network Activity Falls appeared on BitcoinEthereumNews.com.

Key takeaways: XRP’s failure to hold $3 points to a continued downside risk to $2.40-$2.00. Whales continue to sell XRP. Declining daily active addresses signal reduced transaction activity and liquidity. XRP (XRP) price flashes warning signs below $3 as bearish technical patterns emerge on its daily chart, coinciding with selling by whales and declining network activity.  XRP price charts hint at more downside XRP price has been forming a descending triangle pattern on its daily chart since its rally to $3.66 multi-year highs, characterized by a flat support level and a downward-sloping resistance line. The recent breakout above the triangle’s upper trendline was a fakeout as bulls struggled to keep the price above $3, signaling a lack of strength. Related: XRP reserves rose by 1.2B in a day: Is it accumulation or signs of a sell-off? Therefore, failure to reclaim $3 soon, where the 50-day SMA sits, could sink the XRP/USDT pair to the next support at $2.70.  Further down, the following levels to watch are the 200-day SMA at $2.50 and, later, the downside target of the triangle at around $2.06, down 31% from current price levels. XRP/USD daily chart. Source: Cointelegraph/TradingView Moreover, XRP’s descending triangle analysis is accompanied by a bear flag on the same time frame, which warns of a possible decline to as low as $2.40, after the support at $3 was lost. XRP/USD daily chart. Source: Cointelegraph/TradingView As Cointelegraph reported, if the price reclaims $3, buyers will then try to resume the uptrend by pushing the XRP above the flag’s upper boundary at $3.20. If they do that, the XRP price could rally to $3.40 and subsequently to $3.66. Whales offload XRP at $3 Onchain data shows that large investors booked profits on the latest rally to $3.10.  The Supply Distribution metric shows a sharp…

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Filed under: News - @ September 16, 2025 11:32 pm