{"content":"Why Is XRP Sliding Today? The News Breakdown 1. Price Drop Fueled by Liquidations & Bears XRP is down over 6%, trading around $2.80–$2.82, sliding beneath the crucial $3 level. Coinglass data reports around $2.95 million in liquidations, with $2.89 million in long positions wiped out, while short contracts exceed 60,000—highlighting dominant bearish sentiment and intensifying downward pressure. Additional metrics show a monthly slide of more than 22% in August, with XRP's market cap dropping to ~$178 billion, while daily trading volume surged ~79% to $6.7 billion—suggesting aggressive selling and heavy participation on the downside. --- 2. Massive Whale Transfer Adds Speculation Fuel A dramatic transfer of 30,500,600 XRP (~$91.4 million) landed in Coinbase from an unknown wallet, stirring debate—all while XRP is unable to hold above $2.80 support. Analysts and traders are split: Some view it as a setup for a major sell-off. Others suspect a strategic repositioning by a whale. Similar discussions are echoed in other outlets, noting both the price dip (~4.19%) and market uncertainty around the transfer's intention. --- Summary: What’s Dragging XRP Down Bearish Derivatives Pressure: Heavy long liquidations and rising short positions are pushing the price deeper. Whale Activity: The large XRP transfer to Coinbase has traders on edge—whether it's a dump or strategic move remains unclear. Weak Price Action: XRP is now trading under the psychological $3 threshold, further weighing on sentiment. --- Today’s Takeaway (Binance-Square Style) 🚨 XRP Tanks 6%+: $2.80 Breaks Liquidations surge: $2.95M gone, mostly from longs. Shorts dominate—60K+ contracts pressure price lower. Market cap drops to $178B, with volume hitting $6.7B. 🐋 Whale Transfer Sparks Frenzy 30.5M XRP (“$91.4M”) lands at Coinbase—signal for potential dump or master play. 📉 Downtrend Deepens Bears in control, whales stirring the pot, and key support failing to hold—XRP is on shaky ground. #XRP #CryptoCrash #WhaleMove #Liquidation #CryptoNews ","images":["https://d2kdcqywr8ua22.cloudfront.net/uploadfile/article/blog/2025082025/08/29/d2751460dd664941b0b602a58c80acc8.jpg"],"tags":[],"tradingPairs":["XRP/USDT"],"quotearticleid":0}