XRP’s Critical Juncture: Holding $2.65 Support to Avoid Major Breakdown
XRP faces a pivotal moment as its price hovers near $2.81, down over 5% in the past 24 hours amid a broader market correction. Analyst Egrag crypto warns that the altcoin must defend the $2.65 support level to prevent a deeper downturn. This analysis delves into the technical thresholds that could shape XRP's near-term trajectory, offering insights for traders navigating the current volatility.
XRP Must Hold $2.65 Support or Risk Major Breakdown – Analyst
XRP prices have declined by over 5% in the past 24 hours, mirroring a broader correction across the cryptocurrency market. The altcoin currently trades near $2.81, with no immediate signs of slowing selling pressure. Analyst Egrag Crypto highlights critical technical levels that could determine XRP's next move.
According to Egrag Crypto, XRP must hold the $2.65 support level to avoid a deeper downturn. A successful retest of this level could fuel a rally toward its all-time high of $3.84. Conversely, a breakdown below $2.65 may push prices toward $2.19.
On the upside, a daily close above $3.12 WOULD signal a potential market bottom, opening the path for a rebound to $3.60 and beyond. Despite the current pullback, macro analysis suggests XRP retains a bullish structure. The prospect of a surge to $17 remains on the table, contingent on key resistance breaks.
XRP's Path to $10: Institutional Adoption and Developer Momentum Take Center Stage
XRP's price trajectory toward the $10 mark before 2027 hinges on institutional adoption and the growing utility of the XRP Ledger (XRPL). Despite lingering around $3 for most of 2025, the cryptocurrency's potential tripling in value is now a matter of capital markets reality rather than speculative hype.
Developer activity on XRPL has surged, with grant programs targeting cross-chain tooling and real-world asset pilots. The June upgrade introduced token escrows, permissioned DEXs, and batch transactions—features long demanded by enterprise users. These enhancements reduce friction for builders and could catalyze on-chain volume.
The coin's investment thesis now pivots on whether institutional adoption can accelerate within the next crypto cycle. With infrastructure upgrades in place, XRP's runway appears shorter than skeptics suggest—but the clock is ticking.
XRP Price Dips Below Key Support Amid Whale Activity, Sparking Correction Concerns
XRP has retreated sharply from its recent peak at $3.25, now trading at $2.89 with a 2% decline in the past 24 hours. The altcoin's pullback follows substantial whale movements, including a $175 million transfer by Ripple co-founder Chris Larsen, signaling potential institutional profit-taking.
The psychological $3 threshold has become a battleground, with XRP's failure to hold this level emboldening bearish sentiment. Technical indicators paint a concerning picture: the 4-hour chart shows price trapped below a descending trendline and the 50-period SMA at $3.08, while the RSI's weak rebound from oversold territory suggests limited buying momentum.
Market participants are closely watching the $2.93-$2.94 zone, now flipped to resistance. Without a decisive breakout above this level, the path of least resistance appears downward. The formation of bearish candlestick patterns NEAR this resistance cluster reinforces the cautious outlook.
Is This the Time to Sell XRP? Analysts Eye a Lower Re-entry Point
Ripple's native cryptocurrency, XRP, has plunged over 20% from its recent all-time high, mirroring broader market corrections. The asset now teeters on the edge of another breakdown after losing critical support at $3—a level analysts consider pivotal for its near-term trajectory.
Despite a partial recovery to $2.72 after hitting a three-week low, XRP remains down 10% weekly. Analyst Ali Martinez warns of further downside, citing the TD Sequential's sell signal. His strategy suggests shorting near $2.98 with a $2.48 target or positioning for a rebound between $2.40 and $2.20.
Traditional Banks Invest $100B in Blockchain as Digital Assets Gain Traction
Financial institutions have poured over $100 billion into blockchain and digital asset initiatives since 2020, according to a Ripple-supported study by CB Insights and the UK Centre for Blockchain Technologies. The report, analyzing 10,000 deals and surveying 1,800 finance leaders, reveals accelerating institutional adoption despite regulatory headwinds.
Payment infrastructure dominates investment activity, followed by custody solutions and tokenization projects. HSBC's Gold tokenization platform, Goldman Sachs' GS DAP settlement tool, and SBI's quantum-resistant digital currency exemplify the sector's maturation beyond speculative trading.
Over 90% of surveyed executives anticipate blockchain will significantly transform global finance by 2028. Custody services for stablecoins and tokenized real-world assets emerge as priority areas, though fewer than 20% of banks currently offer retail crypto products.
XRP Faces Potential Drop to $2.80 Amid Accumulation Phase
XRP's recent price consolidation has drawn attention from market analysts, with Ali Martinez highlighting a possible decline to the $2.80 level. The third-largest cryptocurrency continues to navigate volatile market conditions, with on-chain data revealing key support zones.
Historical accumulation patterns suggest $2.80 may serve as a temporary buffer, but true support lies near $2.48. A breach below this level could trigger further downside momentum.
The current price action indicates an accumulation phase, with $2.80 historically acting as a springboard for upward movements. Market participants are watching this zone closely for signs of buyer conviction.
