XRP under threat of crashing to $2.35 as $100 million moves to Coinbase 
Cryptocurrency Sep 3, 2025 Share
XRP’s push to reclaim the $3 resistance could stall as the asset faces renewed selling pressure from whales.
Data indicates a massive transaction of 35,122,576 XRP, worth $99 million, was transferred from an unknown wallet to Coinbase, according to insights retrieved from Whale Alert on September 3.
XRP transfer to Coinbase transaction. Source: Whale Alert
Historically, such transfers have sparked fears that whales may be preparing to offload holdings, potentially triggering fresh selling pressure and accelerating a price decline.
Currently, XRP is holding around the $2.80 level, where technical indicators suggest a fragile balance.
To this end, according to cryptocurrency analyst Ali Martinez, the token is now supported by a crucial level at $2.74. Martinez noted that XRP has formed a descending triangle pattern, with repeated rejections along a downward trendline and progressively lower highs signaling persistent bearish sentiment.
XRP price analysis chart. Source: TradingView
The immediate risk is a breakdown below $2.74. If this level is breached, the next major downside target is $2.35.
XRP price analysis
At the same time, Fibonacci retracement levels reinforce this outlook, showing that a breach of $2.74 could pave the way toward $2.62, $2.56, and ultimately $2.35 as key support zones.
XRP seven-day price chart. Source: Finbold
As of press time, XRP was trading at $2.87, up about 2% in the past 24 hours but down 4.6% on the week. The 50-day Simple Moving Average (SMA) stands at $3.09, placing the current price below this level and pointing to short-term weakness. By contrast, the 200-day SMA at $2.48 suggests a broader upward trend, with XRP still trading above it.
The 14-day Relative Strength Index (RSI) stands at 45.16, indicating neutral territory, neither overbought nor oversold. However, its proximity to the lower end hints at the need for caution.
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