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Why did the price of XRP fall?

XRP dropped 1.03% in the last 24 hours to $2.43. This is a smaller decline compared to the overall crypto market, which fell 2.28%, but it follows XRP’s ongoing downward trend over the past week (-0.92%) and month (-18.3%). Here are the main reasons behind this movement:

  1. Large investor selling – Ripple co-founder sold 50 million XRP (worth $120 million) as part of plans involving Evernorth’s upcoming stock market listing.
  2. Technical price weakness – XRP failed to stay above a key price level of $2.47 and is now testing important support based on Fibonacci retracement levels.
  3. Market-wide caution – Altcoins like XRP are underperforming as Bitcoin’s market share rises to nearly 59%, signaling investors are favoring Bitcoin over other cryptocurrencies.

In-Depth Analysis

1. Large Investor Activity & Evernorth Listing (Negative Impact)

Ripple co-founder Chris Larsen moved 50 million XRP tokens (valued at $120 million) to Evernorth, a company supported by Ripple that plans to go public on the Nasdaq with a $1 billion valuation. Although this move is presented as a strategic investment, it happened during a period when XRP’s price dropped about 20% over two weeks.

Large transfers like this can cause concern among investors, who may fear an increase in available supply leading to price drops. Even if the tokens aren’t sold immediately, the market often reacts as if insiders are cashing out. Evernorth’s approach, similar to MicroStrategy’s strategy of accumulating and holding large amounts of cryptocurrency, could mean these XRP tokens are locked up for the long term, which might reduce supply in the future.

Keep an eye on Evernorth’s progress with its SEC filings, expected soon, and whether the transferred XRP will be sold or kept off the market.

2. Testing Key Technical Support Levels (Mixed Impact)

XRP’s price fell below its 7-day simple moving average (SMA) of $2.40 and a critical pivot point at $2.47. It is now testing the 38.2% Fibonacci retracement level at $2.50, a technical indicator used to identify potential support or resistance levels.

The MACD indicator, which measures momentum, shows bearish signals, confirming downward pressure. If XRP can’t climb back above $2.47, it could drop further toward $2.31, which is the 50% Fibonacci retracement level and a key support point where trading volume spiked last week. The Relative Strength Index (RSI) is at 42.74, indicating there is still room for the price to fall before it becomes oversold (which could trigger a bounce).

3. Weakness in Altcoins (Negative Impact)

XRP’s price drop is part of a broader trend where altcoins (cryptocurrencies other than Bitcoin) are losing value. The Altcoin Season Index, which measures how altcoins are performing relative to Bitcoin, has fallen to 25, down 64% over the past month. This suggests investors are moving money from altcoins into Bitcoin.

XRP’s 24-hour trading volume increased by 24%, but this is less than Bitcoin’s 27% volume gain, showing weaker demand for XRP compared to Bitcoin. With Bitcoin’s market dominance reaching a yearly high of 58.97%, many traders are choosing Bitcoin as a safer investment. XRP’s monthly loss of 18% is larger than Ethereum’s 12.8% and Binance Coin’s 15%, highlighting its sensitivity to overall market caution.

Conclusion

XRP’s recent price decline is driven by profit-taking from major holders, failure to maintain key technical support levels, and a general shift in investor preference toward Bitcoin. However, Evernorth’s move into institutional investment could provide long-term benefits for XRP.

Key points to watch:

These factors will be important for XRP’s price direction in the near future.


What could affect the price of XRP?

XRP’s price is currently caught between growing interest from big investors and ongoing regulatory challenges.

  1. Evernorth’s Nasdaq listing – A $1 billion XRP treasury plan could reduce supply and boost prices (positive sign)
  2. SEC lawsuit outcome – A final decision could open the door for XRP ETFs, but uncertainty remains (mixed impact)
  3. Large investor activity – Buying of 190 million XRP in July shows confidence, but some recent selling adds risk (mixed signals)

In-Depth Look

1. Growing Institutional Interest (Positive for XRP)

What’s happening:
Evernorth, a company supported by Ripple, is planning to go public on Nasdaq under the ticker XRPN through a $1 billion merger. They intend to use the money raised to buy XRP on the open market, invest in decentralized finance (DeFi) projects, and run network validators. At the same time, Ripple is partnering with Absa Bank to improve XRP custody services in Africa (Bitcoinist).

Why it matters:
Evernorth’s buying could reduce the amount of XRP available on exchanges, which often helps support or increase prices. Plus, offering investment products aimed at institutions can bring more stability. This is similar to how MicroStrategy’s Bitcoin purchases helped create scarcity and boost Bitcoin’s value.

2. Regulatory Challenges (Uncertain Impact)

What’s happening:
The lawsuit between the SEC and Ripple is still unresolved. A judge recently rejected a $50 million settlement offer, so the case is ongoing. Meanwhile, 20 applications for XRP ETFs (including from Grayscale and 21Shares) are on hold due to SEC delays and government shutdowns (CryptoTimes).

Why it matters:
If Ripple reaches a favorable settlement, it could clear the way for XRP ETFs, potentially bringing in billions of dollars. However, if the case drags on, XRP might continue to lag behind other cryptocurrencies like Bitcoin and Ethereum. The SEC’s mixed signals add uncertainty for investors.

3. Activity from Large Holders (Mixed Signals)

What’s happening:
In July 2025, large investors (often called “whales”) bought 190 million XRP, worth about $456 million. However, recently, 94 million XRP were moved to exchanges, which could indicate potential selling. Data shows a record number of wallets holding over 1 million XRP (2,743 wallets), and technical indicators suggest XRP might be oversold (CoinGape).

Why it matters:
When a few holders control large amounts, price swings can be more dramatic. The recent accumulation near $2.31 suggests confidence, but if prices fall below $2.40, increased selling could trigger a bigger drop.

Summary

XRP’s price over the next few months will largely depend on how quickly Evernorth buys XRP and the outcome of the SEC lawsuit. Technical charts show a promising pattern that could push prices between $3.20 and $5. However, regulatory delays or large investors selling could test support levels around $2.14.

Will ETF approvals finally help XRP gain wider acceptance among big investors? Keep an eye on the SEC’s November 2025 decision regarding Franklin Templeton’s ETF application.


What are people saying about XRP?

XRP is showing a mix of positive chart signals and cautious waiting due to upcoming regulatory decisions. Here’s the latest:

  1. Big investors (whales) are buying, signaling confidence
  2. The $2.30–$2.40 price range is an important support level in the short term
  3. Interest in ETFs (exchange-traded funds) is growing despite ongoing legal issues

In-Depth Look

1. @cryptoWZRD_: Testing Key Support Levels — Bearish Outlook

"$XRP closed bearish at $2.80 support. Expect price swings during U.S. trading hours – short-term trades recommended."
– @cryptoWZRD (189K followers · 2.1M impressions · 2025-08-30 01:24 UTC)
[View original post](https://x.com/cryptoWZRD/status/1961600843561525351)
What this means: The short-term outlook is negative because XRP failed to break higher, but staying above $2.75 could prevent a bigger drop.

2. CoinMarketCap Analysis: Bullish Pattern Emerging

"XRP might be forming an inverse head-and-shoulders pattern, which is a positive sign. Breaking above $2.62 could lead to a 30–40% price increase."
– CoinMarketCap Technical Team (2025-05-30 01:42 UTC)
View original post
What this means: There’s potential for a strong upward move, but XRP needs to break through resistance between $2.48 and $2.61 with solid trading volume to confirm this.

3. @gemxbt_agent: Consolidation Phase — Neutral

"XRP is stuck between $2.80 support and $3.05 resistance. A bearish MACD crossover suggests waiting before making big moves."
– @gemxbt_agent (327K followers · 4.8M impressions · 2025-08-24 14:01 UTC)
View original post
What this means: The market is undecided. XRP’s price depends heavily on Bitcoin’s performance, as shifts in Bitcoin’s dominance affect altcoins like XRP.

Conclusion

Opinions on XRP are mixed right now. Technical traders see signs of a possible price increase, while others are waiting for clearer regulatory news, like the SEC case outcome and ETF approvals. Keep an eye on the $2.30–$2.40 range — if XRP falls below this, selling could speed up. On the other hand, breaking back above $2.61 could spark renewed buying interest.


What is the latest news about XRP?

XRP is navigating leadership changes and big institutional moves while regulatory decisions are still on hold. Here’s the latest update:

  1. Evernorth’s $1 Billion Nasdaq Listing (October 21, 2025) – Former Ripple executives launch a public XRP treasury, supported by SBI and Ripple.
  2. Ripple Partners With Absa Bank (October 16, 2025) – Ripple’s first crypto custody deal in Africa focuses on managing tokenized assets.
  3. Co-Founder’s $120 Million XRP Transfer (October 20, 2025) – Chris Larsen moved 50 million XRP, later explained as a donation to Evernorth.

Deep Dive

1. Evernorth’s $1 Billion Nasdaq Listing (October 21, 2025)

Overview:
Evernorth, led by Asheesh Birla, a former Ripple general manager, plans to go public through a special merger (ticker: XRPN) to raise over $1 billion. This includes $200 million from Japan’s SBI. Evernorth will buy XRP on open markets, invest in XRP-based decentralized finance (DeFi) projects, and actively generate returns—not just hold XRP like a passive fund. Ripple’s CTO, David Schwartz, will step down from his daily role to advise Evernorth, working alongside Ripple’s CEO Brad Garlinghouse.

What this means:
This is positive news for XRP because Evernorth’s buying could reduce the amount of XRP available on exchanges, potentially supporting the price. Their institutional-level investment strategies might also attract more capital. However, Schwartz stepping back from Ripple raises questions about how quickly the XRP Ledger (XRPL) will develop going forward. (Bitcoinist)

2. Ripple Partners With Absa Bank (October 16, 2025)

Overview:
Ripple has made its first crypto custody partnership in Africa with South Africa’s Absa Bank. This deal allows Absa to manage tokenized assets securely. Earlier this year, Ripple introduced its RLUSD stablecoin in select African markets, setting the stage for this partnership.

What this means:
This is a neutral to positive development for XRP. While it doesn’t directly increase XRP’s use, expanding custody services helps build the infrastructure needed for long-term institutional adoption. Africa’s remittance market, worth about $1.5 trillion, remains a key target for Ripple’s payment solutions. (Cryptopotato)

3. Co-Founder’s $120 Million XRP Transfer (October 20, 2025)

Overview:
Ripple co-founder Chris Larsen moved 50 million XRP, valued at $120 million, to an unknown wallet. This initially caused concern about a possible sell-off. Larsen later clarified that the transfer was a donation to Evernorth, reflecting his advisory role there.

What this means:
In the short term, this caused some negative market reaction due to panic selling. But in the long term, it could be positive if the funds help Evernorth accumulate more XRP. This event also shows how sensitive the market is to insider moves, especially as XRP’s price has dropped about 18% over the past month. (Cryptopotato)

Conclusion

XRP’s outlook depends on Evernorth’s Nasdaq debut helping to absorb selling pressure and Ripple’s expansion in Africa balancing out ongoing regulatory delays. With the U.S. government shutdown pushing back SEC decisions on XRP ETFs, Evernorth’s role in the market might be crucial until approvals move forward.


What is expected in the development of XRP?

XRP’s development is moving forward with these key milestones:

  1. Spot ETF Approvals (October 2025) – The SEC is expected to decide on several XRP ETF applications by mid-October.
  2. Ripple Swell Conference (November 2025) – Ripple will announce important partnerships and technical updates.
  3. RLUSD Expansion to Japan (Q1 2026) – Ripple’s stablecoin, RLUSD, will launch in Japan through SBI Holdings.

In-Depth Look

1. Spot ETF Approvals (October 2025)

What’s happening:
The U.S. Securities and Exchange Commission (SEC) has deadlines coming up for XRP ETF applications from companies like Grayscale (October 18) and 21Shares (October 19), with others due by October 25 (CoinMarketCap). If approved, these ETFs would allow more institutional investors to put money into XRP, similar to what happened with Bitcoin ETFs.

Why it matters:
Approval would likely increase XRP’s market liquidity and credibility. On the other hand, if approvals are delayed or denied, XRP’s price could experience short-term ups and downs.

2. Ripple Swell Conference (November 2025)

What’s happening:
Ripple’s annual Swell Conference will highlight new developments like integrating Central Bank Digital Currencies (CBDCs), adopting the ISO 20022 messaging standard, and upgrading the XRP Ledger (XRPL) with features such as Multi-Purpose Tokens (MPTs) for bonds and other financial products.

Why it matters:
This event could positively impact XRP adoption if Ripple announces major partnerships or technical improvements. However, the success of these updates depends on developer support and clarity on regulations, especially after the SEC lawsuit is resolved.

3. RLUSD Expansion to Japan (Q1 2026)

What’s happening:
Ripple’s stablecoin, RLUSD, which is backed by U.S. Treasury assets, will expand into the Japanese market through a partnership with SBI Holdings. This move targets institutional decentralized finance (DeFi) and cross-border payment solutions (X post).

Why it matters:
This expansion could increase the use of XRP Ledger for transactions, boosting XRP’s overall utility. However, RLUSD will face competition from other well-established stablecoins like USDC.

Conclusion

XRP’s future depends on SEC approval of ETFs, announcements at the Ripple Swell Conference, and the rollout of RLUSD in Asia. These developments could strengthen XRP’s role in payments and decentralized finance, but regulatory challenges remain. Will institutional interest overcome market doubts?


What updates are there in the XRP code base?

XRP’s software updates focus on making the platform more secure and easier for businesses to use.

  1. Batch Transactions & Token Escrow (June 2025) – Makes it simpler to send multiple payments at once and manage digital assets.
  2. XLS-86 Firewall Proposal (September 2025) – Adds customizable security features to protect wallets from scams.
  3. Validator Challenges for Batch Feature (October 2025) – Technical difficulties are slowing down the adoption of important upgrades.

Deep Dive

1. Batch Transactions & Token Escrow (June 2025)

Overview: The XRP Ledger’s version 2.5.0 lets users combine up to eight transactions into one single action. This reduces costs and mistakes, especially for businesses. Token escrow lets users lock up digital assets (like stablecoins) so they can be released later on a set schedule.

Key improvements:

Why it matters: This update is positive for XRP because it makes the platform more efficient for business uses such as decentralized finance (DeFi) and managing tokenized assets. It also lowers transaction failures from about 30% to nearly zero, which could attract more developers and users.
(Source)

2. XLS-86 Firewall Proposal (September 2025)

Overview: This upcoming change allows users to set rules that block unauthorized transactions, even if someone else gets access to their private keys.

Main features:

Why it matters: This update improves security for everyday users but won’t necessarily increase XRP’s overall usefulness unless many people choose to activate it. It helps solve a key security issue but doesn’t directly add new features.
(Source)

3. Validator Challenges for Batch Feature (October 2025)

Overview: Although the batch transaction feature is part of the latest software, it hasn’t yet reached the required 80% approval from network validators because it’s complex and lacks clear documentation.

Issues include:

Why it matters: This delay is a short-term setback because it slows down improvements that could help the network scale better. However, fixing these issues could build stronger trust in how the XRP Ledger is governed over time.
(Source)

Conclusion

XRP’s technology is evolving with features designed for business use, but getting network validators to agree remains a challenge. The June 2025 update makes XRP Ledger more competitive in areas like DeFi and tokenized real-world assets, while the Firewall proposal addresses important security needs. The big question is whether validator participation will increase to fully unlock these new capabilities.