Key Notes
- XRP is currently trading below the crucial $3 level.
- A whale transferred $92 million worth of XRP to Coinbase, signaling potential sell-off.
- Analysts suggest a short-term correction to the $2.60–$2.70 support before a new peak.
XRP
XRP
$3.01
24h volatility:
0.3%
Market cap:
$179.12 B
Vol. 24h:
$6.96 B
is currently struggling to close above the key $3 price level. Selling pressure continues as a major whale recently transferred around $92 million worth of XRP tokens to exchange.
As per the data shared by Whale Alert, an unknown wallet transferred 30,507,683 XRP to Coinbase, signaling a potential large-scale sell-off.
The move comes as the third largest cryptocurrency trades mostly flat in the past week.
🚨 🚨 🚨 🚨 30,507,683 #XRP (91,621,219 USD) transferred from unknown wallet to #Coinbasehttps://t.co/E9e1pmF0s2
— Whale Alert (@whale_alert) August 28, 2025
The $3 level is a key psychological barrier for XRP. It is trading below the 20-day EMA at $3.02 and testing support at the 50-day EMA of $2.95, indicating that bulls need to defend this level to prevent a deeper correction.
Analyst: XRP Could Correct Before Cycle Peak
Despite XRP’s resilience above $2.95, market watchers are cautious. Crypto analyst Benjamin Cowen recently warned that XRP could revisit its bullish support zone around $2.60–$2.70 before attempting a new peak.
In his latest podcast, Cowen highlighted factors pointing to a potential cycle endgame, noting that XRP’s price has largely stagnated against Bitcoin
BTC
$112 735
24h volatility:
0.4%
Market cap:
$2.25 T
Vol. 24h:
$38.57 B
since 2021.
Nevertheless, the analyst acknowledged XRP’s ability to post higher highs compared to 2020–2021. He stressed that chasing high price targets at this stage could be risky, warning that a 60–80% drawdown by 2026 remains possible once the current cycle concludes.
Many other analysts, however, are predicting a high price target for the cryptocurrency. Recently, popular analyst Dark Defender cautioned about the short-term price pullback but set a price target of $10 for XRP in this cycle.
XRP’s Retail-Heavy Distribution
Meanwhile, fresh data from community platform rich-list.info revealed just how accessible the XRP Rich List has become for retail holders.
JUST IN: 🇺🇸 $XRP RICH LIST UPDATE!
• TOP 10% = 2,397 $XRP
• TOP 5% = 8,370 $XRP
• TOP 1% = 50,026 $XRP
• TOP .1% = 350,492 $XRPAre You Surprised By These Rankings? 🤔💭
Comment Below & Follow For More!! 👇👇 pic.twitter.com/l8yguQpw3v
— Good Morning Crypto (@AbsGMCrypto) August 27, 2025
Currently, holding 2,396.7 XRP (worth around $7,190 at current prices) is enough to enter the top 10% of XRP wallets.
This threshold has actually dropped by about 32 tokens ($108) compared to earlier this month, even as the number of wallets in this tier rose from 679,990 to 690,984.
That means over 11,000 new accounts joined the top 10% with a lower capital requirement. Analysts note that XRP’s distribution remains far more retail-heavy compared to cryptocurrencies where a handful of whales dominate supply.
TOKEN6900 Presale Gains Momentum with Nearly $3M Raised
While XRP aims a daily close above $3, attention is shifting toward meme token TOKEN6900 (T6900). Designed as a playful nod to internet culture, the project leans into humor, irony, and a rebellious stance against traditional finance.
Unlike many other crypto ventures, T6900 comes with no grand promises or detailed roadmap. Instead, it takes cues from the viral SPX6900 trend, positioning itself as a tongue-in-cheek response to mainstream investing and market conventions.
Investors who join early are being offered a notable 33% APY through staking during the presale. The project has raised almost $3 million so far.
Presale Details:
- Ticker: T6900
- Current presale price: $0.007125
- Funds raised so far: $2.97 million
Despite its satirical tone, the TOKEN6900 crypto presale is growing at a strong pace. If you’re interested, make sure you check out our guide on how to buy Token6900.
Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to deliver accurate and timely information but should not be taken as financial or investment advice. Since market conditions can change rapidly, we encourage you to verify information on your own and consult with a professional before making any decisions based on this content.
A crypto journalist with over 5 years of experience in the industry, Parth has worked with major media outlets in the crypto and finance world, gathering experience and expertise in the space after surviving bear and bull markets over the years. Parth is also an author of 4 self-published books.