XRP News Today: XRP Falls Below $3.00 as Analysts Flag $2.00 as Next Major Support Target

XRP has recently crossed below the $3.00 support level, raising concerns among analysts that further downward movement is likely [1]. Analyst Ali Martinez warned that this breakdown could lead to a potential decline to $2.00, with intermediate targets at $2.60 and $2.22 [2]. The loss of this key level is seen as a critical development, signaling increased bearish pressure and the possibility of extended losses in the near term. If XRP breaks below $2.00, the next support levels to watch are $1.92, $1.85, and $1.61 [3].

The broader cryptocurrency market has also shown mixed signals, with the total market cap at $3.47 trillion as of August 17, 2025. Bitcoin, currently holding a dominant 52.3% market share, hit a record high of $124,457 on August 14 but quickly reversed course amid rising geopolitical tensions, falling by 7.6% in the following days [4]. This sharp correction contributed to over $464 million in crypto liquidations in a single day, primarily affecting long positions [5].

Analysts emphasize that XRP’s current price action is a reflection of broader market volatility and a lack of strong bullish catalysts. The ongoing legal battle between Ripple and the SEC, while not directly tied to the recent price decline, remains a lingering factor influencing investor sentiment. Despite the growing perception of XRP as an asset separate from its legal challenges, the outcome of the case could still play a role in shaping future market dynamics [6].

Looking ahead, the potential approval of an XRP ETF is seen as a key event that could impact the asset’s trajectory. However, in the short term, traders are advised to closely monitor key support levels and remain cautious in the face of continued market turbulence [2]. As the crypto space grapples with rapid price swings and shifting regulatory landscapes, XRP’s performance will be closely watched by both retail and institutional investors.

Source:

[1] AInvest (https://www.ainvest.com/news/xrp-news-today-xrp-falls-3-00-growing-bearish-pressure-key-support-concerns-2508/)

[2] Facebook (https://www.facebook.com/groups/2028862550588932/posts/351174****300830/)

[3] FXEmpire (https://www.fxempire.com/crypto/ripple/news)

[4] InteractiveCrypto (https://www.interactivecrypto.com/billionaires-are-stacking-xrpcould-this-347-trillion-bet-make-you-rich)

[5] Facebook (https://www.facebook.com/manuel.guevarra.369210/posts/ripple-vs-sec-lawsuit-almost-over-but-not-quite-sec-files-status-reportdespite-e/746860511560493/)

[6] CoinCentral (https://coincentral.com/best-altcoins-to-buy-before-xrp-etf-solana-litecoin-avalanche-set-for-breakout/)