XRP at a Crossroads: Can the $2.75 Support Hold After Plunge From $3?

XRP bulls are sweating as the token clings to $2.75—a critical support level after its brutal 8% drop from the $3 peak. Here's what's next for the embattled asset.

Technical Check: The $2.75 Zone

This isn't just any price level—it's the make-or-break floor where buyers stepped in during May's flash crash. Lose it, and we're staring down a 15% slide to $2.30. Hold it? Then we might just get that rematch with $3.

Market Sentiment: Hope vs. Reality

Trading volumes tell the real story: 30% lower than last week's frenzy. The 'smart money' is waiting—either for a breakdown confirmation or another institutional pump. Meanwhile, retail traders are left guessing whether this is another 'buy the dip' moment or the start of a deeper correction.

The Big Picture

Let's be real—XRP's 2025 performance has outpaced even Bitcoin's rally, up 140% YTD. But as any seasoned trader knows: what goes up must consolidate. The real question isn't if, but when—and at what price.

Closing Thought: In crypto, 'support levels' are just collective hallucinations until proven otherwise. XRP's next move will separate the diamond hands from the bagholders.

What to Know

• XRP saw peak sell pressure between 14:00–18:00 on August 2, with volumes reaching 222.24 million—183% higher than the 24-hour average of 78.52 million.
• The asset bottomed at $2.75, forming short-term support on heavy volume.
• Recovery attempts stalled at $2.84, with the final hour of trading closing at $2.82, indicating consolidation below key resistance.
• Volume-weighted price activity suggests accumulation interest at sub-$2.80 levels, but confirmation is lacking.

News Background

The XRP drawdown came amid widening global trade tensions and renewed tariff uncertainty that shook risk markets across the board. Meanwhile, institutional portfolios appeared to rebalance as macro conditions prompted capital rotation away from altcoins and into more liquid assets. Analysts point to ongoing adjustments by central banks and heightened geopolitical risk as catalysts for the broader sell-off.

Price Action Summary

• High: $3.02
• Low: $2.75
• Close: $2.82
• 24H Range: $0.27 (-8.91%)

Technical Analysis

• A volume climax at $2.75 coincided with XRP’s most aggressive hourly decline, typically a signal of capitulation or local bottoming.
• The $2.75–$2.76 zone now serves as first-layer support, while upside attempts are capped near $2.84.
• Volume fell sharply in the final hour of trading to ~650,000/min, compared to 3.7 million/min at peak, implying buyer fatigue or neutral flows post-dump.

What Traders Are Watching

• Can XRP hold above $2.75–$2.76 and build a base for recovery, or does failure to reclaim $2.85+ indicate further downside?
• Watch for institutional inflows or continued exchange outflows, which may validate accumulation narratives.
• Traders are also closely tracking CD20 Index volatility and macro headlines, including U.S.-China trade developments, for short-term cues.