Key Insights
XRP trades at $2.97 after dropping 6.27% in the last week, recovering slightly from Friday’s low of $2.89.
Broader crypto markets saw over $900 million in liquidations this week, with Ethereum and Bitcoin also posting notable declines.
Analysts point to $2.55-$2.40 as a strong support range for XRP if bearish momentum increases in the near term.
XRP maintained its position near $2.97 today after a volatile week that saw the token lose 6.27% in value. The third-largest cryptocurrency by market capitalization briefly fell to $2.89 on Friday before recovering. This decline followed a high of $3.33 on July 28, underscoring the recent pressure across the digital asset market.
Broader cryptocurrency markets experienced over $900 million in liquidations as macroeconomic uncertainty and weak U.S. jobs data weighed on sentiment. According to CoinGlass, $616 million in positions were liquidated in the last 24 hours alone. Ethereum and Bitcoin also recorded significant losses during the same period.
Support Levels Under Watch
Crypto analyst Ali identified a key support zone for XRP between $2.55 and $2.40. This range may act as a buffer if selling pressure intensifies. The token’s $2.94 support level held firm in early Saturday trading, assisted by active dip buying. Prices briefly reached $3.01 during intraday trading.
https://twitter.com/ali_charts/status/1951419977854042342
Near-term resistance for XRP is expected between $3.02 and $3.05. A sustained move above this band could open a path toward retesting $3.33, with $3.65 as a further target. Analysts caution that stronger spot market inflows will be necessary to push prices higher in the short term.
Growing Network Activity
Data from Dune Analytics showed the XRP Ledger reaching 7 million total accounts. More than 1 million new users joined in 2025, with daily signups surpassing 20,000 at times. This marks an average of 3,000 new accounts per day this year, signaling continued network growth despite current price challenges.
Institutional Attention Builds
BlackRock’s Director of Digital Assets, Maxwell Stein, confirmed plans to attend Ripple’s Swell 2025 conference. His participation points to sustained institutional interest in the XRP ecosystem. This comes as traders and investors monitor price action closely, looking for signs of stabilization after a turbulent week.
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