XRP finds stability at a trading price of $2.97, rebounding from an intraweek low of $2.89. This comes after the cryptocurrency faced a 6.27% weekly decline, reflecting significant volatility across the broader digital asset market.
Crypto markets witnessed substantial instability recently, leading to approximately $900 million in total liquidations. This turbulence impacted major assets such as Bitcoin and Ethereum alongside XRP.
Market analysts have pinpointed $2.55 to $2.40 as a critical support zone for XRP should selling pressure intensify. Conversely, resistance is currently seen between the $3.02 and $3.05 price levels.
Despite the price volatility, usage of the XRP Ledger continues to grow substantially. The network has now surpassed 7 million total created accounts. Over 1 million new accounts have been added in 2025 alone, maintaining an average of approximately 3,000 daily signups.
Adding institutional weight to its outlook, BlackRock’s Director of Digital Assets, Maxwell Stein, has confirmed plans to attend Ripple’s upcoming Swell conference. This signals continued high-level institutional interest in the XRP ecosystem.