XRP’s Next Move: Analyst Spots Key Breakout Opportunity as Price Hovers Near Support

XRP is once again at a turning point after weeks of turbulence that saw it lose its spot as the third-largest cryptocurrency by market ￰0￱ are closely watching whether Ripple’s native token can reclaim bullish momentum, with some pointing to a potential move toward $2.92 as the next key inflection ￰1￱ Split as XRP Tests Support On August 31, trader CrediBULL Crypto told followers on X that if XRP’s recent lows remain firm, a move toward the $2.92 swing high is plausible. However, this zone is also identified as a likely area for a price rejection. “Clear that, and we have a full-on reversal on our hands,” CrediBULL ￰2￱ later, he noted he had exited his position, citing concerns of downside liquidity hunting due to Ethereum ￰3￱ cautious outlook was reflected in recent trading, as XRP’s value fell to $2.73 on August 30, a low not seen since the start of that month.

Meanwhile, another community figure, CryptoBull, projected a far more ambitious target of $7–$8 on a monthly chart ￰4￱ predictions come against a backdrop of mixed developments for ￰5￱ CryptoPotato recently reported, the XRP Ledger finished Q2 2025 with a record $131.6 million in tokenized real-world assets (RWAs), with contributions from major firms like Guggenheim and Ondo. Ripple’s RLUSD stablecoin also grew nearly 50% quarter-on-quarter, becoming the network’s largest dollar-pegged asset. However, daily transactions and active addresses fell sharply, reflecting a short-term decline in ￰6￱ fuel to speculation, former ￰7￱ candidate John ￰8￱ has said that ETF inflows could “ surprise many ” once the SEC approves XRP-based ￰9￱ at least 15 active filings, including Amplify ETFs’ application for a Monthly Option Income product, the possibility of fresh institutional exposure has strengthened community ￰10￱ Outlook XRP has struggled to maintain its footing since peaking at $3.65 on July ￰11￱ from CoinGecko shows the token changing hands at $2.72 at the time of this ￰12￱ means the asset is down 4% in the last 24 hours and 9.1% over the ￰13￱ that time, XRP has swung between $2.72 and $3.05, underlining persistent ￰14￱ monthly picture is also just as weak, with a 9.7% drop.

However, the token is still up 386% ￰15￱ while its 24-hour trading volume remains strong at $4.78 billion, its market cap has slipped to $162.4 billion, placing it behind Tether’s USDT, which recently overtook it for the number 3 spot.