HomeNewsWhales Dump 640M XRP as Token Faces Critical Support Test

Whales Dump 640M XRP as Token Faces Critical Support Test

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  • On August 1, Ripple returned 700 million XRP to escrow, hinting at potential delayed full monthly release timing.
  • XRP price jumped from $2.90 to $3.07, a 5.5% gain attributed to perceived supply constraints and market sentiment.

Ripple did not unlock any XRP from its escrow in August 2025, marking the first interruption in monthly releases since January 2018. Each month, Ripple typically frees one billion XRP to fund operations and ecosystem incentives, then returns roughly 700 million XRP to escrow. This month’s omission has pushed the escrow balance up to 36.6 billion XRP, according to on-chain data.

ETHNews now debate whether Ripple has completed its planned unlock schedule or merely adjusted its timing. On August 1, Ripple moved three separate batches totaling 700 million XRP back into escrow, suggesting that the company may still release the full one billion XRP later in the month. Until Ripple issues a statement, traders can only infer intent from blockchain transactions.

XRP rose from $2.90 to $3.07 in the past day, a 5.5 percent increase. Traders attributed this rally to perceived supply constraints caused by the paused escrow unlock. Yet data from CryptoQuant shows that large holders continued to sell, offloading roughly 640 million XRP (about $1.9 billion) since early July.

XRPL-Whale-Flow-30DMA-scaled
Source: CryptoQuant

These sales occurred as XRP traded between $2.28 and $3.54, demonstrating that profit-taking remains active.

Technical indicators now highlight $3.00 as a critical floor

A breakdown below that level could expose XRP to further losses, potentially dragging the price back toward $2.80. Conversely, holding above $3.00 may encourage renewed buying, especially if Ripple confirms a permanent end to its monthly unlocks.

XRPUSDT_2025-08-07_10-35-27
Source: XRP/Tradingview

XRP is trading at approximately $3.07, with a slight 0.07% daily increase. After reaching a local peak of $3.70 in mid-July, XRP has entered a consolidation phase, struggling to break above the $3.02 resistance and holding support near $2.92.

Over the past month, XRP has delivered an impressive 31.85% gain, and on the yearly chart, it’s up over 508%, making it one of the standout performers in the crypto market for 2025.

XRPUSDT_2025-08-07_10-36-24
Source: XRP/Tradingview

Meanwhile, Nate Geraci, President of NovaDius Wealth Management, noted that BlackRock is likely postponing its XRP ETF filing until after the SEC finalizes a revised approval framework—expected by late Q4 2025. This adds further weight to speculation that XRP will soon join Ethereum and Bitcoin in major institutional portfolios.

Despite profit-taking by some whale investors in recent weeks, XRP’s yearly performance remains impressive, up over 506%. Traders are closely watching for a breakout above $3.02 that could set the stage for another push toward the $3.50–$3.65 range. If support at $2.92 fails, a corrective move down to $2.60–$2.50 remains possible.

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Isai Alexei
Isai Alexei
As a content creator, Isai Alexei holds a degree in Marketing, providing a solid foundation for the exploration of technology and finance. Isai's journey into the crypto space began during academic years, where the transformative potential of blockchain technology was initially grasped. Intrigued, Isai delved deeper, ultimately making the inaugural cryptocurrency investment in Bitcoin. Witnessing the evolution of the crypto landscape has been both exciting and educational. Ethereum, with its smart contract capabilities, stands out as Isai's favorite, reflecting a genuine enthusiasm for cutting-edge web3 technologies. Business Email: [email protected] Phone: +49 160 92211628
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