The XRP price today is $ 2.81, with a 24 -hour negotiation volume of $ 7,035,163,846. The Token has yielded 2.35% on the last day, classifying #4 for market capitalization at $ 166.89 billion.
With 59.48 billion XRP in circulation of a maximum supply of 100 billion, the asset approaches the key support levels that could determine if it causes the following Altcoin rally.
Market pressure weighs in XRP
Ripple XRP has been fighting to recover land above $ 3.00. A wider sale of cryptocurrencies, triggered by the Bitcoin slide to a minimum of seven weeks and the Ethereum setback after billions in expired options, has amplified the weakness in the Altcoins.
Tokens such as Cardano (ADA), Dogecoin (Doge) and Sui (SUI) also recorded pronounced losses.
The winds against the macro are adding to the pressure. The Fed says that rates cuts can be slower than expected, inflation and a strong economy of the United States mean that there is no demand for risk, Wall Street technology giants drag the actions after Nvidia’s perspective softens, the feeling of risk suffers. Crypto Market Cap Report 3.3% in a day at $ 3.76 billion.
The data in the chain show the weakening
XRP foundations have also been softened. The active addresses in the Book Mayor XRP fell from approximately 50,000 in mid -July to only 24,000 today, according to Cryptoquant, highlighting the activity of the weakest network.
Derivative markets echo precaution. The open interest of the futures fell from $ 10.94 billion to $ 7.97 billion, indicating a reduction in merchant’s confidence. Long settlements totaled more than $ 15 million in the last 24 hours, compared to only $ 1 million in shorts, demonstrating that bullish bets are being eliminated at a faster rate.
Even the XRP market position has changed. The Token recently slipped behind Tether (USDT) in total valuation and fell from the world’s main assets for market capitalization.
XRP price forecast: $ 2.58 support in focus
XRP pricing prediction seems bassist, since XRP is consolidating within a descending channel. The rejection about $ 3.25 in mid -August has left the bears in control, with the token now around the fibonacci setback of $ 2.79 (level of 0.5).
- Immediate support: $ 2.79, followed by $ 2.58 and $ 2.43
- Resistance levels: $ 2.99, $ 3.09 (50 -day SMA) and $ 3.25
- Indicators: RSI to 41 continuous pressure signs but not yet oversized; MacD is still negative when expanding histograms
In the Technical Front, XRP’s immediate support remains about $ 2.79 and $ 2.58, $ 2.28. Above $ 2.99 and $ 3.25, $ 3.43. The more than $ 2.06, the trend is not broken.
If buyers defend these support levels, XRP could resurface as the token that re says the impulse in the Altcoin sector. Historically, XRP manifestations have increased liquidity and confidence throughout the market, a tendency that merchants closely observe as institutional flows and ETF speculation intensify.
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