XRP Nears $3 Amid Market Volatility, Support Levels and Institutional Interest Under Review
Main Idea
XRP stabilizes at $2.97 after a 6.27% weekly decline amid broader crypto market volatility and $900 million in liquidations, with key support levels and institutional interest influencing its outlook.
Key Points
1. XRP is currently trading at $2.97 after a 6.27% weekly decline, rebounding from a low of $2.89 amid market volatility.
2. Crypto markets faced $900 million in liquidations, impacting major assets like Bitcoin and Ethereum.
3. Analysts identify $2.55-$2.40 as a critical support zone for XRP, with resistance noted between $3.02 and $3.05.
4. The XRP Ledger has surpassed 7 million total accounts, with over 1 million new users joining in 2025, averaging 3,000 daily signups.
5. BlackRock’s Director of Digital Assets, Maxwell Stein, confirmed attendance at Ripple’s Swell 2025 conference, signaling institutional interest in XRP.
Description
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