XRP Price Prediction: Token Surges 3% Following Fed Chair Powell’s Speech at Jackson Hole
August 22, 2025 – CoinDesk Analytics
XRP experienced a notable price movement on Friday, climbing approximately 3% amid broader market gains sparked by Federal Reserve Chair Jerome Powell’s remarks at the Jackson Hole Economic Symposium. Powell’s indication that a rate cut in September remains on the table buoyed investor sentiment, propelling Bitcoin and several major cryptocurrencies higher, with XRP among the beneficiaries.
Market Dynamics Behind XRP’s Movement
Despite the positive price action, XRP’s short-term trading session showed mixed signals. Institutional liquidations dominated recent trading activity, with a staggering 470 million XRP tokens sold across major exchanges during the August 21–22 window. This large-scale selloff triggered a sharp price dip, placing strong resistance at approximately $2.92. Throughout the 24-hour period ending August 22 at 12:00 p.m. UTC, XRP declined 3.1%, dropping from $2.89 to $2.80. The token’s trading range remained volatile, spanning a 4.25% band ($0.12), between its peak at $2.92 and a trough near $2.80. High-volume sell-offs, particularly a 2.5% drop in the final trading hour with volume surging to 7.2 million XRP, signaled bearish momentum despite Powell’s dovish comments. Technical analysis highlights solid resistance at $2.92, reinforced by a 69.1 million volume rejection, while support around $2.80 to $2.85 showed signs of weakening after repeated tests.
On-Chain Activity and Regulatory Context
Interestingly, while price faced downward pressure, adoption signals presented a stronger narrative. On-chain settlement volumes on the XRP Ledger surged by 500%, reaching 844 million tokens on August 18. Such volume spikes suggest increased institutional usage and growing network activity, even amid bearish price trends.
However, XRP’s market performance remains clouded by ongoing regulatory uncertainty. The U.S. Securities and Exchange Commission (SEC) has postponed decisions on several XRP Exchange-Traded Fund (ETF) applications, including Nasdaq’s CoinShares filing, pushing the verdict to October. This delay continues to weigh on investor confidence and contributes to cautious trading behavior.
Further amplifying negative sentiment, a recent security assessment placed the XRP Ledger at the lowest rank among 15 evaluated blockchain networks, raising concerns about network robustness and resilience. This low security ranking adds to the complexity of XRP’s market outlook, as investors weigh technical vulnerabilities alongside regulatory risks.
What Traders Are Watching Next
Market participants remain focused on several critical factors that could influence XRP’s short- and medium-term trajectory:
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Support Levels: The ability of XRP to hold the $2.80 support level is key. A breakdown below this threshold risks accelerating losses toward the next support near $2.75. – Resistance Breakout: A successful breach above $2.92 to $3.00 could trigger bullish momentum and a possible trend reversal, reinvigorating price rallies.
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ETF Developments: The outcome of the SEC’s delayed ruling expected in October on XRP ETF applications remains a major catalyst. Approval or rejection will likely dictate institutional capital flows and market sentiment.
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Whale Activity and Adoption: Despite ongoing whale-driven token distributions causing sell-side pressure, on-chain data reflects increasing adoption. Investors are closely monitoring accumulation patterns for clues about longer-term demand strength.
Summary
XRP’s price action following Powell’s speech underscores the volatile interplay between macroeconomic policy, institutional behavior, and regulatory developments in shaping the digital asset’s market movements. While the Federal Reserve Chair’s openness to a rate cut has encouraged risk-on sentiment, significant selling pressure, regulatory delays, and security concerns continue to restrain XRP from mounting a sustained breakout.
For traders and investors, the coming weeks will be critical in determining whether XRP can consolidate its recent gains and overcome resistance barriers or if bearish forces will dominate amid continuing uncertainty.
About the Author:
Shaurya Malwa is the Co-Leader of CoinDesk’s tokens and data team in Asia, specializing in crypto derivatives, DeFi, and market analysis. He actively participates in multiple DeFi liquidity pools and provides insightful coverage on blockchain and cryptocurrency markets.
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