XRP price is once again at the center of market attention after a turbulent week that saw its market cap shed billions while whales quietly accumulated massive positions. In just a few days, over 440 million XRP worth $3.8 billion has been absorbed by large holders, even as spot prices dipped nearly 8%. This unusual mix of heavy selling pressure and aggressive whale buying raises a key question: is XRP preparing for a major reversal, or is more downside still ahead? XRP Price Prediction: What Happened to XRP This Week? XRP’s price action this week has been a tug-of-war between heavy whale accumulation and a sharp market-wide risk-off sentiment. On August 15, whales scooped up 120 million XRP in a single day, right as the token suffered one of its steepest daily drops in months. XRP’s market cap shed $10 billion in 24 hours, sliding from $193.85 billion to $182.85 billion. Over the past week, the market cap has fallen by $15 billion from its August 8 peak, while spot prices corrected nearly 8% to hover around $3.08. Despite this drawdown, XRP’s fully diluted valuation (FDV) remains lofty at $308.31 billion, suggesting long-term confidence in its value proposition has not been repriced. What’s more, whale accumulation has not been minor—data shows 440 million XRP ($3.8B) absorbed by large holders within just a week. What Does the Daily XRP Price Chart Tell Us? XRP/USD Daily Chart- TradingView Looking at the daily chart: Support Zone: XRP price is finding critical support around the $3.00–$3.10 band, which aligns with the midline of the Bollinger Bands (3.10). This level has held well in recent sessions, suggesting accumulation is providing a price floor. Resistance Levels: The nearest ceiling sits at $3.35–$3.50. Breaking above this zone could open the path to $4.00 and $4.50, with Fibonacci extensions projecting targets up to $5.50. Trend Context: XRP saw a massive rally in mid-July, peaking near $3.60 before retracing. The Heikin Ashi candles now show consolidation with smaller-bodied candles, signaling indecision but also a potential base for the next leg up. Bollinger Bands: The bands have started to narrow, meaning volatility is contracting. Historically, such squeezes are followed by explosive breakouts. Are Whales Building a XRP Price Floor? Whale accumulation of this magnitude is rarely random. By purchasing over $3.8B worth of XRP in under a week, large holders are effectively tightening liquidity in exchanges and reducing available supply. If exchange reserves keep falling, this creates the conditions for a supply shock once demand returns. Historically, XRP has shown strong rebounds after such concentrated accumulation phases. The data suggests whales are preparing for a medium-term move higher, even while retail sentiment remains cautious. What’s the Short-Term Outlook? In the immediate term, XRP is likely to range between $3.00–$3.35 until volume returns. A decisive daily close above $3.50 would confirm bullish momentum and set XRP on course for $4.00–$4.50. On the downside, if $3.00 breaks, XRP could test the lower Bollinger Band near $2.85 before stabilizing. XRP Price Prediction: Where Could XRP Price Go Next? Bullish Case: If whales continue absorbing supply and price clears $3.50 resistance, XRP could rally toward $4.50–$5.00 in the coming weeks. Bearish Case: If market-wide selling persists and $3.00 fails, XRP may retest $2.80 support before bouncing back. Overall, the combination of whale accumulation, tightening liquidity, and chart consolidation suggests a medium-term trend reversal is brewing. The next two weeks will likely determine whether XRP breaks out toward new highs or tests deeper support before recovering.