XRP Price: More Downside for Ripple or Will Support Zone Trigger Recovery?
With $2 support under investigation following significant weekend losses, Ripple's XRP is entangled between growing geopolitical dangers...
Quick overview
- Ripple's XRP faces significant pressure from ongoing legal battles with the SEC and rising geopolitical tensions, particularly in the Middle East.
- Despite a recent drop in price, the $2 support level has remained intact, indicating some buying interest among investors.
- Ripple is actively expanding its stablecoin initiatives, recently minting new RLUSD tokens to enhance its presence in the digital payments market.
- Investors are closely monitoring upcoming court decisions and geopolitical developments that could impact XRP's price trajectory.
Live XRP Chart
With $2 support under investigation following significant weekend losses, Ripple’s XRP is entangled between growing geopolitical dangers and a crucial U.S. court case.
Legal Pressure Mounts in Ripple v. SEC
The high-stakes legal confrontation between Ripple Labs and the U.S. Securities and Exchange Commission (SEC) remains unresolved after last week’s court postponement. This prolonged case continues to act as a major overhang on XRP’s price, with potential implications that could redefine the token’s regulatory future in the United States.
XRP Chart Weekly – The 20 SMA Capping the Upside
Despite growing institutional interest, Ripple’s price has been on a downward trajectory since peaking near $3.40 in mid-January, carving out a series of lower highs amid persistent uncertainty.
Geopolitical Shock Sends Markets Reeling
Tensions in the Middle East escalated sharply over the weekend. Following back-and-forth missile exchanges between Iran and Israel, U.S. President Donald Trump confirmed late Saturday that American forces struck three Iranian nuclear facilities in what has been labeled Operation Midnight Hammer. The move heightened fears of a broader regional conflict and rattled global markets.
XRP dropped 2.5% on Friday, 4% Saturday, and another 5% on Sunday, sliding to $1.91 and shedding over 13% of its market cap to settle near $3.1 trillion. Bitcoin also dipped below $100,000 as investor risk appetite faded.
XRP Chart Daily – The Support at $1.90 Holding
Further fueling investor nerves were online rumors that the U.S. government may consider seizing Ripple’s escrowed XRP holdings for use in national reserves. Although unconfirmed, such speculation added to selling pressure.
Ripple’s Stablecoin Ambitions Accelerate
Amid the turmoil, Ripple quietly ramped up its stablecoin efforts. According to on-chain data via Etherscan and flagged by the Ripple Stablecoin Tracker, the company minted 13 million new RLUSD tokens, its U.S. dollar-backed stablecoin, boosting the circulating supply to approximately $428.7 million.
This is the second mint within a week, following an earlier issuance of 10 million RLUSD. The strategic expansion brings Ripple’s stablecoin project within reach of the symbolic $500 million milestone, signaling increasing ambitions in the digital payments space.
XRP Price Holds Key Support… For Now
Despite weekend volatility, the $2.00 support zone held firm as of early Monday, reflecting continued buying interest at lower levels. XRP had earlier risen to $2.34 during the week before renewed selling emerged.
The token now trades in a wide consolidation range, with bullish traders watching closely for a court decision or geopolitical de-escalation that could trigger another rally. Technical indicators suggest stabilization is possible—but only if external risks subside.
Conclusion: Ripple’s XRP is navigating a perfect storm of legal risk, geopolitical anxiety, and stablecoin expansion. With price support at $2 proving resilient—for now—investors are bracing for either a bullish legal breakthrough or deeper downside should tensions or regulations tighten further. Keep a close eye on July’s court date and any signs of diplomacy in the Middle East.
Ripple XRP Live Chart
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