XRP News Today: XRP Retraces 11% Weekly After 40% Surge Amid Whale Activity and Support Tests

XRP has retreated from its recent high of $3.65, with a 11% decline over the past week and a 2% drop in the last 24 hours. The pullback follows a 40% surge earlier in the month, driven in part by a $140 million transfer from Ripple co-founder Chris Larsen. Despite the price correction, 93% of XRP’s supply remains in positive territory. On-chain analysts have observed elevated whale activity and overheated metrics, suggesting short-term caution without the need for panic. Market analyst Degram noted this is not a breakdown but rather a consolidation phase, with XRP currently retesting key support levels between $2.97 and $3.14. The structure remains bullish as long as these levels hold [1].

Ripple’s Chief Technology Officer, David Schwartz, emphasized the XRP Ledger’s (XRPL) strategic importance in expanding XRP’s utility and value. Addressing concerns around the growing interest in RLUSD, Schwartz affirmed that XRP remains a core focus for Ripple. He highlighted the ledger’s role as a neutral bridge currency in a fragmented stablecoin ecosystem, offering chain-agnostic interoperability that allows seamless conversions across tokenized assets and diverse stablecoins. The CTO also noted that XRP’s unique position on the XRP Ledger makes it less likely to be bypassed compared to other major crypto assets like ETH [1].

Schartz further argued that as institutions increasingly adopt on-chain settlement solutions, the XRP Ledger is well-positioned to become a foundational infrastructure for tokenized financial systems. Unlike fiat-pegged stablecoins, XRP’s global interoperability allows it to function across multiple currencies and ecosystems without being tied to a single jurisdiction or blockchain. This, he believes, could help XRP evolve into the liquidity backbone of a broader, interconnected global asset system [1].

The broader digital asset landscape is also witnessing increased integration of stablecoin solutions by traditional financial players. Visa recently expanded its stablecoin capabilities by supporting USDG, PYUSD, and EURC across multiple blockchain networks, including Ethereum, Solana, Avalanche, and Stellar. This move, which includes a pilot initiative for Circle’s EURC stablecoin, allows partners to process euro-based transactions digitally. Visa has already facilitated over $200 million in stablecoin transactions, but the company emphasized the need for clearer regulatory guidance to scale further [2].

Visa’s expansion reflects a broader industry trend as global institutions build multi-chain infrastructures to support diverse digital assets. The firm described its strategy as “building a multi-coin and multi-chain foundation,” a move that aligns with the increasing role of blockchain in cross-border payments and financial innovation. However, while technological infrastructure is advancing, the long-term value of assets like XRP will depend on sustained real-world adoption and use cases beyond speculative trading [2].

The mixed signals for XRP suggest a cautious outlook as the market weighs short-term volatility against long-term potential. While Ripple continues to advocate for XRPL as a key enabler of global financial systems, the token’s recent on-chain behavior indicates that key support levels will need to hold to avoid further correction. Analysts stress that the future of XRP will be determined not by short-term price action, but by the continued development of the XRP Ledger and its ability to attract institutional-grade financial applications [1].

Source:

[1] XRP Metrics Flash Caution as Ripple CTO Touts XRPL’s Pivotal Role, Coinpaper, [https://coinpaper.com/10289/xrp-metrics-flash-caution-as-ripple-cto-touts-xrpl-s-pivotal-role](https://coinpaper.com/10289/xrp-metrics-flash-caution-as-ripple-cto-touts-xrpl-s-pivotal-role)

[2] Visa Adds USDG, PYUSD, and EURC Stablecoins to ... , Coinpaper, [https://coinpaper.com/10288/visa-launches-circle-s-eurc-stablecoin-and-expands-support-for-avalanche-and-stellar-blockchains](https://coinpaper.com/10288/visa-launches-circle-s-eurc-stablecoin-and-expands-support-for-avalanche-and-stellar-blockchains)