XRP News Today: XRP Dips 15% Weekly Amid Broader Crypto Market Retreat

XRP faced significant downward pressure on August 2, 2025, following a broad pullback in the cryptocurrency market driven by Bitcoin’s retreat from its record high of $123,000. The token dipped to $2.89 before stabilizing, with current trading around $3. Analysts note that while a short-term bounce has occurred, the broader trend remains bearish, with a weekly decline of over 15% [10].

Technical indicators provide a mixed signal for the day. The RSI suggests market momentum is balanced, while MACD indicates lingering bearish pressure. Conversely, Stochastic and ADX hint at potential buying interest and strengthening trends. Low volatility, as reflected by ATR, suggests that sharp price swings are unlikely [1]. This divergence among indicators underscores the uncertainty in XRP’s near-term direction.

Price forecasts for the day suggest a key decision point at $3. A bullish scenario sees XRP breaking past $3.10 and testing $3.20, signaling renewed buyer control. A neutral scenario envisions the price consolidating around $3, fluctuating between $2.95 and $3.05. A bearish outcome, however, would involve a retest of the $2.89 level, with further declines to $2.80 or below if support fails [2].

Analysts caution that a broader market downturn, particularly if Bitcoin continues to weaken, could push XRP as low as $2.65. Additionally, failure to hold above $3.10 may lead to a pullback toward $2.20, emphasizing the token’s sensitivity to both internal technical levels and external macroeconomic factors [7]. Whale activity and rising institutional interest have injected some optimism, but these factors remain subject to rapid reversal amid shifting market sentiment.

The movement of 82 million XRP by Kraken to an unspecified wallet has sparked renewed attention on the token’s near-term prospects. This, combined with increased trading volume and a strong bounce off the $3 level, suggests that XRP may be entering a more stable phase [9]. However, a significant surge—such as a scenario where institutional investors allocate 1% of retirement funds into XRP—is speculative and hinges on broader adoption and demand, not immediate market conditions [4].

While most attention remains on XRP, some traders are exploring alternatives like Remittix (RTX), a cross-chain payment solution, as a hedge against volatility. Although unrelated to XRP’s price movement, this trend highlights the growing focus on utility-driven assets in the crypto space [11].

The next few days will be critical for XRP as it faces both internal and external pressures. A decisive close above $3.15 could shift market sentiment and open the door to higher price targets. Conversely, a breakdown below key support levels may reinforce bearish trends. Investors are advised to monitor institutional flows, ETF developments, and macroeconomic indicators that could influence the asset’s trajectory [12].

Source:

[1] Investing.com

[2] CoinCentral (https://coincentral.com/xrp-price-prediction-3-level-at-risk-as-experts-hint-at-bitcoin-pullback-traders-hedge-with-rtx/)

[3] Brave (https://bravenewcoin.com/insights/xrp-price-prediction-ripple-price-bounce-at-3-support-gains-traction-as-kraken-moves-82-million-xrp-to-mysterious-wallet)

[4] The (https://thecryptobasic.com/2025/08/02/here-is-xrp-price-if-retirement-funds-allocate-1-to-xrp/)

[5] 30 (https://30rates.com/ripple-price-prediction-tomorrow-week-month-xrp-forecast)

[6] CoinCentral (https://coincentral.com/xrp-prediction-could-it-break-5-in-august-and-will-cardano-join-the-rally/)

[7] Fingerlakes1.com (https://www.fingerlakes1.com/2025/08/01/xrp-price-prediction-xrp-could-explode-to-15-faster-than-expected-are-you-positioned-before-the-etf-surge/)

[8] CryptoDnes.bg (https://cryptodnes.bg/en/xrp-price-prediction-trading-volume-rise-as-xrp-hits-key-support-at-3-will-it-bounce-back/)

[10] CoinMarketCap (https://coinmarketcap.com/community/articles/688daa5f82b32011ea4aafa7/)