The tsunami that stained red to the cryptocurrency market was not strong enough to “destroy” at the price of XRP.
The correction unleashed after Bitcoin (BTC) fell below $ 112,000, which lit the alarms of investors and dragged the rest of the cryptocurrencies.
In that framework, Ripple Labs cryptocurrency collapsed to 2.75 dollarsbut reacted with such force that he not only regained land, but exceeded the 3 dollars again.
At the time of the publication of this note, XRP is negotiated at 2.98 dollars, 18% below its historical maximum of $ 3.65, as observed in the following graph of TrainingView.
The level of 3 dollars is becoming a key point where the price of XRP slows its bullish rally. That is, it has difficulties both to fall below and to climb above, which reflects that it is becoming an area of strong support and resistance.
Yes XRP manages to overcome that range with impulse, could recover the lost terrain; Otherwise, it runs the risk of going back and try lower supports.
The strength that XRP has shown is explained, in part, thanks to the commercial alliances that Ripple Labs is closing.
Recently, the American firm signed an agreement with CTRL ALT and the Dubai land department to tokenize real estate using XRP Ledger, as Cryptonotics reported. In addition, Bny Mellon was confirmed as the main custodian of the reserves of his stablecoin Rlusd, strengthening his legitimacy.
In early July, Ripple requested a national bank license in the United States and is waiting for its approval. If accepted, its stablecoin would be under the direct supervision of the Office of the Comptroller of La Moneda (Occ), which could increase market confidence in this digital asset.
Finally, we must mention that Alcist projections follow the price of XRP in the remainder of 2025. For Jacobo Maximiliano, Exchange Bitget analyst, the asset price can reach 7 dollars in the short term.
