Cryptocurrency markets—including XRP—are in consolidation mode as investors await Fed Chair Jerome Powell’s much‑anticipated Jackson Hole speech on Friday, August 22, 2025. Technical setups and on‑chain activity hint at a delicate balance between cautious optimism and profit‑taking.
Market Overview: Holding Steady Before a Big Fed Moment
- According to Benzinga, global crypto market cap is virtually flat at $3.8 trillion, showing only a +0.03% movement. XRP trades at about $2.90, marking a slight dip of –1.69%.
- Mitrade notes Bitcoin remains near $114,000, Ethereum hints at a breakout within a rising channel, and XRP hovers above key support with bulls targeting a reclaim of the $3.00 level.
XRP Technical & On-Chain Insights
- XRP is facing critical technical tests: it has slipped below the 50‑day simple moving average (SMA) and breached the $2.95 support, exiting a symmetrical triangle—bearish signals that suggest a potential retest of $2.78, with possible further declines toward $2.60.
- Whale activity is revealing mixed sentiment:
- Large holders (10M–100M XRP) offloaded ~460 million XRP, adding selling pressure.
- Mid‑tier holders (1M–10M XRP) picked up ~130 million XRP, indicating some view the dip as a buying opportunity.
- Importantly, over 93% of XRP’s supply remains in profit, increasing the likelihood of profit-taking if macro sentiment sours.
Macro Outlook: All Eyes on Powell’s Speech
- Investors are bracing for Powell’s Jackson Hole remarks, a known catalyst for volatility in risk assets.
- A dovish tone could reignite crypto rallies.
- A hawkish stance could press prices lower across the market.
- Recent inflation data and Fed minutes have already undercut rate cut expectations, raising uncertainty.
XRP Snapshot
| Metric | Status / Insight |
|---|---|
| XRP Price | Around $2.90; down ~1.7% amid consolidation |
| Technical Levels | Broke 50-day SMA and $2.95; critical supports at $2.78 and $2.60 |
| Whale Behavior | Large sell-off (~460M XRP); mid-tier accumulation (~130M XRP) |
| Macro Catalyst | Powell’s speech on Friday, August 22, 2025 will be pivotal |
| Market Sentiment | Cautious; broader crypto holding flat ahead of macro cues |
What’s Next for XRP?
- If Powell signals dovish intent (e.g., hints at rate cuts), XRP could stabilize and retest $2.95–$3.00 levels, especially if mid-tier whales continue accumulating.
- If tone is hawkish, heightened selling—especially by large holders—could push XRP toward $2.78 or lower, possibly testing $2.60.
- Ultimately, XRP’s trajectory will depend heavily on how macro policy expectations shift post-speech.
Conclusion
XRP is at a crossroads—caught between technical breakdowns and the potential for a macro-driven rebound. As investors await Jerome Powell’s speech on Friday, August 22, 2025, near-term direction could tilt sharply. Watch key support levels, whale activity, and sentiment shifts as the story unfolds.
FULL COVERAGE: XRP | Cryptocurrency Market
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