Quick overview

Live XRP/USD Chart

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XRP experienced a significant decline, falling approximately 5% amid cryptocurrency market volatility. The token dropped from around $3.01 to a low of $2.9 before stabilizing at $2.92.

A flash crash at midnight resulted in over $261 million in trading volume, which is four times the daily average. This decline followed Bitcoin’s drop below critical levels, moving from $118K to around $112K, causing over $1 billion in liquidations across major cryptocurrencies, ETH, SOL, and ADA, where altcoins saw losses between 4% and 8%.

XRP has seen a significant increase, rising from below $1 at the end of 2024 to a 400% gain year over year, despite a recent dip. This suggests that the current situation resembles a leverage flush within a bull market, rather than a full-blown crash like the one witnessed in 2022.

A “structural consolidation” developed around the $3.00 resistance level as sellers flooded the market. Overnight, ETF flows and whale activity shifted from inflows to outflows, influenced by macroeconomic pressures in the U.S.

A dragonfly Doji reversal was printed by the Dollar Index (DXY) at the 96.37 support level (currently at 97.65), indicating a potential recovery of the USD in light of high Treasury yields.

This risk-off sentiment has notably impacted the cryptocurrency market. Stronger-than-expected inflation numbers could dampen expectations for a rate cut in September. With Fed speeches and Friday’s PCE inflation data expected to show a YoY increase of 2.9%,

, XRP’s weekly MACD has crossed bearish, similar to patterns from May 2021 and March 2025, which typically precede retracements of 50–60%. The oversold stochastic RSI indicates a potential for recovery; however, if XRP cannot hold the support at $2.80–$2.91, it may test levels as low as $2.57 or even $2.30.