XRP News Today: XRP Slides 0.02% Amid Volatility, Traders Shift to Utility-Driven Rival

XRP has seen a recent marginal decline, with a current price of $2.98 and a 0.02% daily drop [1]. The token’s market capitalization exceeds $177 billion, but trading volume has fallen by 11.41% in the short term, signaling a potential loss of momentum [1]. Technical indicators suggest a possible pullback to the $2.50 level before the next upward phase, a pattern commonly observed in Layer 1 crypto projects encountering psychological resistance levels [1].

Amid this uncertainty, some traders are turning to alternative assets that offer stronger utility and practical adoption potential. One such project gaining attention is a DeFi initiative focused on cross-border payments. Unlike speculative altcoins, this project is designed to bridge traditional and digital finance by enabling users to send cryptocurrencies like BTC, ETH, or XRP directly to bank accounts in over 30 countries [1]. This real-world application positions it as a more tangible solution for individuals and businesses that rely on international transactions and remittances.

The project has launched a presale for its native token, RTX, which is currently priced at $0.0895. To date, the initiative has raised over $18.2 million, with more than 583 million RTX tokens sold. The team aims to reach an $18 million soft cap, offering a 50% token bonus to early backers [1]. A mobile-first beta wallet is set to launch in Q3 2025, allowing users to store 40+ cryptocurrencies and conduct cross-border payments with real-time currency conversion [1].

Traders and investors are increasingly favoring tokens that demonstrate clear utility over those driven by speculative hype. While XRP has shown a 495% price increase over the past year, analysts at Mitrade Insights suggest it still lacks the institutional credibility and widespread adoption of Bitcoin [2]. The firm recommends Bitcoin as a more stable and credible long-term investment, despite XRP’s real-world use in cross-border transactions [2].

Some analysts also predict that XRP could reach $26.97 by 2030, citing a more lenient regulatory environment under the U.S. Trump administration as a potential catalyst for growth [3]. However, they caution that a drop below $2.50 could indicate renewed downward pressure, highlighting the volatility inherent in the XRP market [1].

Bitcoin, by contrast, has demonstrated consistent long-term growth, with a 106% increase in the past year alone. Its first-mover advantage, limited supply, and regulatory recognition have solidified its role as a digital store of value. The approval of Bitcoin ETFs and the success of funds like iShares Bitcoin Trust and Grayscale Bitcoin Trust ETF—now managing over $150 billion in assets—have further reinforced its legitimacy in traditional finance [2].

While XRP’s utility in cross-border payments remains a compelling narrative, the token still lags behind Bitcoin in terms of institutional trust and adoption. The market is closely watching for potential XRP ETF approvals, which could significantly influence its price movement. Until then, XRP remains a high-risk, high-reward investment with considerable volatility [2].

The broader market sentiment remains cautiously optimistic about crypto in 2025, but investors are advised to be selective. XRP’s price is expected to experience short-term fluctuations, with a potential dip to $2.50 before any new highs can be reached. At the same time, under $1 cryptocurrencies that offer real-world utility are gaining traction, as traders seek out assets with strong fundamentals and clear use cases [1].

Sources:

[1] title: XRP Price Could Drop To $2.50 Before Making New Highs, Traders Prefer This Rival For Bigger 2025 Gains. URL: https://www.cryptopolitan.com/

[2] title: Better Crypto Buy: Bitcoin vs. XRP. URL: https://www.mitrade.com/insights/news/live-news/article-8-1020334-20250807

[3] title: Factbox-Three years into war, US and Europe keep billions in ... URL: https://www.yahoo.com/news/articles/factbox-three-years-war-us-223955955.html