XRP News Today: XRP Tests $2.94 Support Amid -2.69% Drop and Security Concerns

Generated by AI AgentCoin World
Monday, Aug 18, 2025 3:06 pm ET1min read
BTC
--
XRP
--
Aime RobotAime Summary

- XRP fell -2.69% to $3.0047, testing critical $2.94 support amid security report concerns and $360M liquidations.

- Technical indicators show bearish MACD (-0.0290) but oversold RSI (46.45) and strong institutional volume (122M XRP) during selloff.

- Market fundamentals remain resilient with $179B cap and 4.57% dominance despite security risks and 81% positive social sentiment.

- Ripple's $40B reserves and infrastructure focus highlight long-term potential in tokenization, though 90-day scenarios show 40% recovery chance vs 25% deeper correction risk.

ChatGPT’s

XRP
analysis has highlighted a critical support level at $2.94 as the asset faces a -2.69% pullback to $3.0047 amid broader market turbulence. The decline coincides with a report ranking the XRP Ledger as the least secure among 15 major blockchains, triggering institutional profit-taking and contributing to $360 million in crypto long liquidations as
Bitcoin
dropped below $116K [1]. The technical setup shows XRP currently below the 20-day EMA at $3.1042 but holding above the 50-day EMA at $2.9422, with a bearish MACD (-0.0290) and a positive histogram (0.0593) indicating potential momentum building toward a reversal [1].

Relative Strength Index (RSI) at 46.45 suggests the asset is approaching oversold conditions, with a volume spike to 122 million XRP indicating strong institutional participation during the selloff. The Average True Range (ATR) at 2.4120 underscores high volatility, typical during periods of fundamental reassessment [1].

XRP’s market fundamentals remain resilient, with a $179.44 billion market cap and a trading volume of $7.48 billion, reflecting active repositioning despite the negative security report. Its market dominance at 4.57% highlights relative outperformance amid broader market weakness [1]. Social sentiment, while tempered by the security concerns, still shows a 81% positive sentiment score and significant engagement, with 10.51 million total engagements and 47.28K mentions in recent days [1].

The technical outlook hinges on the defense of the $2.94–$2.96 support zone. A successful hold could pave the way for a recovery toward $3.25–$3.50, while a breakdown may trigger a deeper correction toward the $2.72–$2.85 range. Analysts have identified three potential scenarios over the next 90 days: a 40% probability of support defense and recovery, a 35% chance of consolidation between $2.80 and $3.20, and a 25% risk of a deeper correction [1].

XRP’s price trajectory is further complicated by broader institutional dynamics, including Ripple’s strategic focus on blockchain infrastructure and acquisitions, as noted by CEO Brad Garlinghouse. The company’s long-term vision includes leveraging its 40 billion XRP reserves for potential banking license applications and global expansion [1]. Despite the security report, XRP continues to attract attention for its potential in real-world asset tokenization and infrastructure development.

ChatGPT’s XRP analysis synthesizes 22 real-time indicators to provide a balanced view of the asset’s positioning between recovery potential and deeper correction risks. The immediate focus remains on the $2.94 level, with the broader market’s stability and institutional repositioning expected to influence XRP’s next move.

Source: [1] ChatGPT’s XRP Analysis Flags $2.94 Support – Rebound Setup or Breakdown? (https://cryptonews.com/news/chatgpts-xrp-analysis-can-bulls-hold-2-94-support/)