XRP Price Drops to $2.80 Amid 25% Slide, HashedMining's Cloud Mining Platform Offers Alternative Income Source

XRP price has plunged to $2.80, down 25% from its multi-year peak of $3.66. Analysts predict a bearish formation could push the price toward $2.40. Meanwhile, HashedMining's cloud-based platform offers a new way to generate returns outside of price speculation, making crypto mining accessible and regulated.

The price of Ripple's XRP token has plummeted to $2.80, marking a 25% decline from its multi-year high of $3.66. Analysts are forecasting a bearish trend that could push the price down to $2.40, according to recent reports [1].

Key factors contributing to this downward movement include significant selling pressure from major holders, who have offloaded 460 million tokens, leading to a 13% price drop over the past week [1]. Additionally, the upcoming speech by Federal Reserve Chair Jerome Powell on August 22, 2025, is expected to influence the crypto market, potentially impacting XRP's price trajectory [1].

Technical indicators also suggest a bearish sentiment. The Relative Strength Index (RSI) has dipped to 35, indicating oversold conditions, while candlestick formations such as "three black crows" further support a bearish scenario [1]. The price has dropped by -11.6% over the last 7 days and by -18.52% in the past month, breaking through critical support levels at $2.74 and $2.63 [1].

In response to the volatile crypto market, HashedMining has introduced a cloud mining service for major cryptocurrencies, including BTC, ETH, and XRP [2]. This platform simplifies mining by eliminating the need for technical expertise or physical hardware, making it accessible to both novice and experienced investors. The platform employs advanced encryption and multi-layered security measures to ensure data integrity and regulatory compliance, addressing traditional barriers such as hardware management and energy costs [2].

Investors can choose from a range of mining contracts with transparent profit models and stable returns, supporting passive income goals. The service supports deposits in major cryptocurrencies, including XRP, further enhancing its versatility [2]. By democratizing access to mining and providing a secure investment channel, HashedMining is helping investors navigate the evolving crypto market landscape.

References:

[1] https://crypto.news/xrp-price-prediction-can-ripple-hold-above-2-85-today/
[2] https://www.ainvest.com/news/bitcoin-news-today-hashedmining-launches-secure-cloud-mining-btc-eth-xrp-investment-2508/