XRP News Today: XRP Gains 2% Amid Crypto Slide as Bitcoin Dips 2% Holds $2.99 Support

The cryptocurrency market experienced significant volatility over the past 24 hours, with Bitcoin falling to $115,000—a 2% drop—and the total crypto market cap slipping below $3.8 trillion. Despite broader losses, XRP, the native token of the Ripple ecosystem, rose nearly 2% in the same period, maintaining a critical support level near $2.99. Analysts and traders are closely monitoring whether this level can hold to trigger a potential rebound, while bearish indicators suggest heightened risks of further declines.

XRP’s resilience amid a challenging market environment has been attributed to strong buying pressure from bulls defending the $2.99 threshold. Recent data from Coinglass reveals over $105 million in long positions were liquidated in the last 24 hours as the token’s price swung between $2.96 and $3.26 [1]. This volatility has intensified debates among analysts, with some arguing the support level could act as a catalyst for an upward trend if sustained. "Unless an unexpected shock disrupts macroeconomic stability, it’s reasonable to expect that XRP and other major altcoins will resume their upward momentum," noted Ruslan Lienkha, chief of markets at YouHodler, emphasizing that technical indicators remain cautiously optimistic despite short-term weakness [2].

However, the technical outlook for XRP is mixed. The 4-hour chart shows a bearish breakdown below the $3.34 support level, with the RSI at 38 and MACD lines crossing into bearish territory. As of July 24, the token was trading at $3.09, down over 4.5% in the last 24 hours. Bulls have defended key support zones, including $3.10 and $2.99, but bearish momentum is gaining traction. Analysts warn that a failure to hold above $2.99 could trigger a re-test of the $2.72 support level, a critical 61.8% Fibonacci retracement level [3].

Forecasters remain divided on XRP’s near-term trajectory. Some predict a potential rally toward $3.2 if the $2.99 support holds, citing historical rebounds from similar price levels [1]. Conversely, others caution that sustained weakness below $3.10 could lead to renewed selling pressure, with the next major target at $2.80 [4]. The tug-of-war between bullish and bearish forces has left XRP within a 7.85% range over the past 24 hours, reflecting the market’s uncertainty.

The broader market context further complicates XRP’s outlook. Liquidation events, driven by leveraged traders, have amplified volatility, with over $18 billion in total crypto positions at risk during the same period [5]. This environment has tested investor sentiment, particularly after a recent 10% price crash shook confidence. While historical patterns suggest XRP could rebound from $2.90 if the support level holds, analysts stress that the $2.57 level—a psychological barrier—could determine the token’s medium-term direction [6].

XRP’s next moves will hinge on its ability to stabilize above key technical thresholds. A successful defense of $2.99 could reignite bullish momentum, especially if institutional buying accelerates as seen in the $3.66 surge earlier in the week. Conversely, a breakdown would likely deepen the correction, testing the resilience of long-term holders. Traders are advised to monitor the coming days closely, as the outcome will not only shape XRP’s trajectory but also signal broader confidence in crypto markets.

Sources:

[1] [XRP Holds Above $2.99 Support Amid Market Volatility: Check Forecast](https://invezz.com/news/2025/07/25/xrp-holds-above-2-99-support-amid-market-volatility-check-forecast/)

[2] [XRP Price Prediction: Weakness Builds Below $3.10 as Bulls Defend Key Support](https://tradersunion.com/news/cryptocurrency-news/show/383175-xrp-price-prediction/)

[3] [XRP Volatility Spikes With $105M in Longs Liquidated Amid...](https://sg.finance.yahoo.com/news/xrp-volatility-spikes-105m-longs-050330489.html)

[4] [Focus on Bitcoin-Yen's 'Descending Triangle' as Fed Rate Cut Bets Rise](https://www.coindesk.com/markets/2025/07/24/focus-on-bitcoin-yen-s-descending-triangle-as-fed-rate-cut-bets-rise)

[5] [Daily Crypto Signals: Ethereum Surges, XRP Eyes Rebound...](https://www.fxleaders.com/news/2025/07/24/daily-crypto-signals-ethereum-surges-xrp-eyes-rebound-and-solana-shows-resilience/)

[6] [XRP Price Prediction: Today's 10% Crash Shakes Investors](https://m.economictimes.com/news/international/us/xrp-price-prediction-todays-10-crash-shakes-investors-is-something-bigger-unfolding-beneath-the-surface-heres-what-ripples-ceo-urgently-warns/articleshow/122882497.cms)