XRP has shown notable resilience, currently trading near $3 following recent market fluctuations.
Recent price action saw XRP reach $2.97, reflecting a 1.77% increase over the past 24 hours despite recovering from an earlier dip.
Technical analysis points to a significant support zone identified between $2.40 and $2.55. This range is viewed as a potential stabilizer should increased selling pressure emerge in the market.
Concurrently, adoption metrics signal healthy network expansion. The XRP Ledger has officially surpassed 7 million total accounts, buoyed by a consistent daily signup rate exceeding 3,000 new accounts.
growing institutional interest is underscored by the confirmed participation of BlackRock’s Director of Digital Assets at Ripple’s forthcoming Swell 2025 conference, highlighting increased engagement from major financial players.
Market watchers and traders are advised to monitor the crucial support area between $2.55 and $2.40, alongside resistance at approximately $3.05, for potential near-term price directions.