XRP News Today: Investors Turn to Real-World Crypto as XRP Hesitates

XRP is currently trading at $3.01, with a market capitalization of $179.53 billion and a 24-hour trading volume of $3.48 billion, which has seen a sharp decline of 60.96% compared to previous levels. This drop in volume is a signal of cautious investor behavior. Despite this, 94% of XRP supply remains in a profitable state, indicating strong ownership sentiment but also raising concerns about potential profit-taking leading to a larger pullback in the price. This dynamic has prompted investors to explore alternative projects that offer real-world utility and innovation, such as Remittix (RTX), which is gaining traction for its cross-chain DeFi solutions [1].

Technical analysis of XRP's price action reveals a descending triangle pattern, which is expected to resolve with a break and close below the $2.73 level. The 20-day exponential moving average (EMA) is currently sloping downwards at $3.04, and the relative strength index (RSI) is near the midpoint, indicating a balanced market sentiment. A break and close above the downtrend line could propel the price to $3.40 and potentially reach $3.66. Conversely, if the price turns down from the 20-day EMA, sellers could push the XRP price below $2.73, with a potential drop to $2.33. These developments highlight the importance of key resistance and support levels in determining the short-term direction of the asset [2].

The broader cryptocurrency market context is also influencing XRP's price trajectory. Bitcoin (BTC) has faced a sell-off, with the price dropping to $110,530, though bulls are defending this crucial support level. This volatility is impacting altcoins, including XRP, as investors shift their focus between BTC and other assets. Ether (ETH), for instance, has seen a surge in demand, with month-to-date inflows into ETH exchange-traded products (ETPs) reaching $2.5 billion, while BTC ETPs experienced $1 billion in outflows. This shift in investor interest is part of a broader market rotation that could either stabilize or exacerbate XRP's price movements [2].

Remittix (RTX) is one of the projects attracting attention during this period of market flux. The project has raised over $21 million in its presale and has already sold 618 million tokens at $0.0987. The success of RTX's presale has led to its first centralized exchange (CEX) listing on BitMart, as confirmed by the exchange's official statement. Remittix is gaining favor among investors for its focus on practical solutions such as borderless payments and its upcoming wallet beta release. The wallet, expected in Q3 2025, will support 40+ cryptocurrencies and 30+ fiat currencies and will feature instant crypto-to-bank transfers across multiple countries [1].

Investor behavior and market sentiment are key factors to watch in the coming weeks. The current market dynamics, characterized by profit-taking and a shift in attention to projects with real-world use cases, could influence XRP's price. If the majority of XRP holders continue to take profits, it could lead to a retracement in the price. However, the long-term bullish sentiment remains, as evidenced by the high percentage of XRP in a profitable state. This duality in investor behavior highlights the potential for both short-term volatility and long-term stability in the XRP market [1].

The broader macroeconomic environment, including developments in the S&P 500 and the US Dollar Index (DXY), is also playing a role in shaping market conditions. The S&P 500 turned up from the 20-day EMA (6,392) on Friday, signaling strong buying pressure. Conversely, the US Dollar Index rose above the moving averages, with bears having a slight advantage indicated by the RSI just below the midpoint. These movements could influence investor behavior and capital allocation across different asset classes, including cryptocurrencies [2].

In summary, the XRP market is navigating a complex landscape of technical indicators, investor sentiment, and broader market dynamics. The current price is supported by strong ownership metrics but faces pressure from potential profit-taking and shifting investor interests. Alternative projects like Remittix are gaining traction, offering practical solutions that align with the growing demand for real-world utility in the crypto space. The coming weeks will be critical in determining whether XRP can maintain its price stability or face a significant correction, depending on the interplay of these factors.

Source:

[1] XRP Price Prediction: With 94% Of Supply In Profit, Is ... (https://www.cryptopolitan.com/with-94-of-supply-in-profit-is-xrp-at-risk-of-a-larger-pullback-holders-hedge-with-rtx/)

[2] SPX, DXY, BTC, ETH, XRP, BNB, SOL, DOGE, ADA, LINK (https://cointelegraph.com/news/price-predictions-8-25-spx-dxy-btc-eth-xrp-bnb-sol-doge-ada-link)