XRP Price Could Plummet to $2.40: Analyst Warns of Massive Sell-Off and Bearish MVRV Cross

Why Is XRP Facing Downward Pressure?

Market watchers are sounding alarms after XRP’s Market Value to Realized Value (MVRV) ratio flashed a dreaded death cross this week. For context, MVRV tracks whether holders are in profit (values above 1) or loss. The last time this happened in early 2024, XRP shed 30% in three weeks. Now, with whales dumping over 120 million XRP on exchanges like BTCC and Binance according to Whale Alert data, history might repeat.

The $2.40 Scenario: How Likely Is It?

Our BTCC analyst team crunched TradingView charts and found eerie parallels to Q3 2023’s crash. Key support levels at $2.80 and $2.60 look shaky—if they break, $2.40 becomes the next logical stop. "Institutional liquidations are accelerating," notes senior analyst Mark Chen. "When Grayscale’s XRP trust starts offloading, retail often panics." CoinMarketCap shows derivatives traders are already hedging, with XRP futures open interest down 18% since Monday.

Silver Linings for XRP Bulls?

Not all hope is lost. The Ripple vs. SEC lawsuit’s final appeals wrap up in September 2025—a favorable ruling could spark rebound momentum. Also, Santiment data reveals mid-tier holders (10k-100k XRP) are accumulating at these levels. As veteran trader "CryptoCapo" tweeted: "This smells like a classic shakeout before Ripple’s Q4 partnerships go live."

FAQ: Your Burning XRP Questions Answered

What’s causing XRP’s price drop?

The convergence of whale sell-offs, bearish technical indicators like the MVRV cross, and broader crypto market weakness.

Should I sell my XRP now?

This article does not constitute investment advice. Consult your financial advisor—markets can turn on a dime (remember Elon’s 2021 bitcoin U-turn?).

Which exchanges still support XRP trading?

Major platforms like BTCC, Kraken, and KuCoin continue offering XRP pairs despite regulatory uncertainty.