Key opportunity of the analyst The key opportunity of rupture as the price looms near support

XRP is once again at a turning point after weeks of turbulence that saw him lose his place as the third largest cryptocurrency due to market capitalization.

Analysts are very closely observing if Ripple’s native token can recover bullish impulse, and some point to a possible movement towards $ 2.92 as the next key point.

Analysts are divided as XRP test support

On August 31, Trader Credibull Crypto told the followers about X that if the recent XRP bass is still firm, a movement towards the $ 2.92 swing is plausible. However, this area is also identified as a probable area for a price rejection. “Clear that, and we have a complete investment in our hands,” said Credibull.

Hours later, he pointed out that he had left his position, citing concerns of liquidity hunting down due to the weakness of Ethereum. This cautious perspective was reflected in recent trade, since the value of XRP fell to $ 2.73 on August 30, a minimum not seen since the beginning of that month.

Meanwhile, another number of the community, Cryptobull, projected a much more ambitious objective of $ 7 – $ 8 on a monthly graphic pattern.

These predictions come in a context of mixed developments for XRP. As Cryptopotate Recently he informed, the Book Mayor XRP finished the second quarter of 2025 with a record of $ 131.6 million in real world assets (RWAS), with contributions from the main companies such as Guggenheim and Ondo.

Ripple’s Rlusd Stablecoin also grew almost 50% quarter against the quarter, becoming the largest asset in the network. However, daily transactions and active addresses fell sharply, which reflects a short -term decrease in commitment.

Adding fuel to speculation, the former candidate for the United States Senate, John E. Deaton, has said that ETF tickets could “surprise many” once the SC approves XRP -based products. With at least 15 active presentations, including the application of amphy ETFS for a product income product, the possibility of a new institutional exposure has strengthened community optimism.

Market outlook

XRP has fought to maintain its balance since it reached a maximum point at $ 3.65 on July 18. Coingcko data shows that Token changes from hands to $ 2.72 at the time of writing this writing.

It means that the asset has dropped 4% in the last 24 hours and 9.1% during the week. At that time, XRP has revolved between $ 2.72 and $ 3.05, which underlines persistent volatility.

The monthly image is also equally weak, with a 9.7%drop. However, Token has still risen 386% year -on -year.

And although its 24 -hour negotiation volume remains strong at $ 4.78 billion, its market capitalization has gone to $ 162.4 billion, placing it behind the USDT of Tether, which recently exceeded it for the number 3.