XRP, the third-largest cryptocurrency by market capitalization, is currently hovering near the $3 mark, trading up 1.77% in the last 24 hours to $2.97, according to CoinMarketCap data.
Top cryptocurrencies fell deeper into the red after a days-long drop on Friday, resulting in over $900 million in liquidations, as macroeconomic uncertainty and dismal U.S. jobs data weighed on markets ahead of the weekend.
XRP followed a similar trajectory, declining to a low of $2.89 on Friday from a high of $3.33 on July 28. The token has since steadied at $2.97, marking a 6.27% drop over the last seven days.
Although XRP has recouped daily losses, the crypto market still largely trades in red, with $616 million in liquidations across various digital assets in the last 24 hours, according to CoinGlass data.
The broader market weakness has left XRP traders and long-term holders on alert for crucial support levels that could dictate its next major move.
According to crypto analyst Ali, XRP could find strong support in the $2.55-$2.40 range, an area that may serve as a critical buffer if bearish pressure intensifies.
What’s next?
The $2.94 support level held strong in intraday testing in the early Saturday session, aided by aggressive dip-buying that helped prices to recapture an intraday high of $3.01. Near-term resistance is anticipated at $3.02-$3.05, with further rejection expected unless spot inflows step up. If this is surmounted, XRP might target $3.33 and $3.65 next.
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In positive news, XRP Ledger now has 7 million total accounts, according to crypto data platform Dune, with more than 1 million new users joining in 2025 alone. On average, more than 3,000 new accounts were generated per day, with daily signups exceeding 20,000.
Maxwell Stein, director of Digital Assets at BlackRock, has indicated participation at the upcoming Ripple’s Swell 2025 conference, hinting at growing institutional alignment despite recent price pressure.