- XRP lost crucial $3 support, raising concerns about further declines.
- Ripple targets $228 trillion real estate tokenization via XRP Ledger.
- Analysts split on $1,000 XRP forecast amid regulatory and adoption hurdles.
XRP has slipped under the $3.00 mark amid mounting market pressure. According to CoinGecko, XRP dropped from $3.03 to $2.98 within an hour, reflecting a 1.5% decline.
The hourly chart indicated consistent downward movement, signaling short-term selling. Analysts noted that weaker momentum has increased pressure on the token. Traders are closely watching whether XRP can climb back above $3.00 in the near term.
XRP remains positioned as the third-largest cryptocurrency by market capitalization, suggesting overall market resilience despite current weakness. However, technical levels are driving investor focus.
Analysts Highlight Support and Resistance
Analyst Ali Martinez reported that XRP lost its crucial $3.00 support level, raising concerns about deeper losses. At the time of his analysis, XRP was trading close to $3.10. Martinez explained that the $3.30 resistance now plays a critical role in shaping price direction.
He cautioned that failure to reclaim this level could see XRP slide toward $2.60 or even $2.00. TradingView data reflects high volatility in 2025, with movements between $1.70 and $3.70.
XRP recently touched highs above $3.50 but struggled to sustain them, triggering renewed bearish sentiment. Traders consider $3.30 an essential barrier for restoring investor confidence.
XRP Ledger Adoption and Bold Predictions
Ripple’s Chief Technology Officer stated that several central banks are preparing to adopt the XRP Ledger. He emphasized that banks would ultimately decide the token’s value. Ripple co-founder Arthur Britto added that XRP was designed with a long-term $10,000 price target in mind.
According to RealFI, XRP Ledger will unlock access to $228 trillion in institutional real estate for tokenization beginning August 18. This move could expand the token’s use in global finance. Analysts remain divided, with some expecting strong adoption and others warning of possible hurdles.
Brad Garlinghouse, Ripple’s CEO, forecasted that XRP could capture 14% of SWIFT’s transactions over the next five years. He stated that such a shift could drive XRP’s value beyond $1,000.
Supporters argue that Ripple’s cross-border payment technology strengthens this case. Critics, however, point to regulatory uncertainty and competing platforms as potential obstacles.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. CoinCryptoNewz is not responsible for any losses incurred. Readers should do their own research before making financial decisions
