XRP Nears $3 Amid Market Volatility, Support Levels and Institutional Interest Under Review

• XRP dropped to $2.89 last week but rebounded to $2.97, showing resilience amid market volatility.

• Crypto markets faced $900 million in liquidations, impacting major assets like Bitcoin and Ethereum.

• Analysts highlight $2.55-$2.40 as critical support levels for XRP to watch in the near term.

XRP steadies at $2.97 after a 6.27% weekly drop amid $900M crypto liquidations. Discover key support levels and network growth insights on COINOTAG.

What is Driving XRP’s Price Stabilization at $2.97?

XRP’s price stabilization at $2.97 follows a 6.27% weekly decline caused by broader crypto market liquidations exceeding $900 million. Despite volatility, XRP’s support near $2.94 held firm, aided by active dip buying and improved market sentiment. This resilience reflects underlying network growth and investor interest.

How Are Support Levels Influencing XRP’s Market Movement?

Crypto analyst Ali identifies a crucial support zone between $2.55 and $2.40 for XRP, which may prevent further declines if bearish momentum increases. Early Saturday trading showed XRP maintaining above $2.94, with intraday highs reaching $3.01. Resistance is noted between $3.02 and $3.05, with potential to retest $3.33 and $3.65 if buying pressure strengthens.

Why Is XRP’s Network Activity Important for Its Price Outlook?

Data from Dune Analytics reveals the XRP Ledger has surpassed 7 million total accounts, with over 1 million new users joining in 2025. Daily signups occasionally exceed 20,000, averaging 3,000 new accounts per day. This sustained network expansion suggests growing adoption, which could support price stability despite recent market pressures.

What Does Institutional Interest Mean for XRP’s Future?

Maxwell Stein, Director of Digital Assets at BlackRock, confirmed attendance at Ripple’s Swell 2025 conference, signaling continued institutional engagement. Such involvement demonstrates confidence in XRP’s ecosystem and may attract further investment, potentially bolstering price recovery and market confidence.

Frequently Asked Questions

What factors contributed to XRP’s price drop last week?

XRP’s price dropped 6.27% last week due to $900 million in crypto liquidations and macroeconomic uncertainty, affecting overall market sentiment.

How does XRP’s network growth affect its market potential?

Growing network activity with millions of new accounts signals increasing adoption, which can enhance XRP’s long-term market potential and price stability.

Key Takeaways

• XRP Price Stability: XRP steadied at $2.97 after a volatile week marked by significant market liquidations.
• Support and Resistance: Critical support lies between $2.55 and $2.40, while resistance ranges from $3.02 to $3.05.
• Network Expansion: XRP Ledger’s user base growth reflects strong adoption, supporting potential price recovery.
• Institutional Interest: BlackRock’s involvement highlights growing institutional confidence in XRP’s ecosystem.

Conclusion

XRP’s recent stabilization at $2.97 amid a challenging market highlights key support levels and robust network growth as positive indicators. Institutional interest, such as BlackRock’s participation in Ripple’s Swell 2025, further underscores XRP’s potential for recovery. Investors should monitor support zones and network metrics closely for future price developments.

XRP steadies at $2.97 after a steep weekly decline as broader crypto markets face $900M in liquidations and rising macroeconomic pressures.

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.

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.