XRP price is showing signs of resilience after a flash crash during the volatile weekend that shook the broader crypto market.
Summary
- The price of XRP has rebounded to around $2.55 after a sharp drop to $1.25 triggered by a market-wide sell-off.
- The token is now testing a key resistance level that has shaped its 2025 price moves, previously rejecting rallies and later supporting the climb to $3.60.
- Sustained institutional demand, ETF progress, and improved market liquidity could help XRP break through resistance and extend its recovery.
XRP is trading at $2.55 at press time, up about 7% in the past 24 hours, according to market data from crypto.news. The day’s gains come as the token continues to recover after suffering a sharp drop during the recent market-wide sell-off, which saw its price tumble more than 40%, hitting a low of $1.25.
This was the first time XRP price fell below the $2 mark since June, marking one of its steepest intraday corrections this year. The rapid recovery suggests buyers quickly stepped in at key support levels, viewing the dip as an opportunity to reaccumulate.
Whale activity has also played a role in stabilizing prices. On-chain data shows that large holders have been actively buying during the downturn and moving significant amounts of Ripple (XRP) off exchanges, signalling confidence in the token’s recovery.
With momentum gradually returning, XRP’s ability to sustain gains above the $2.50 range will be crucial in determining whether the rebound can evolve into a more durable uptrend.
XRP price retests key resistance, what’s next?
XRP now trades near a key resistance level that has historically shaped its price moves. Between March and May, this area rejected advances three separate times, prompting 20% declines with each retest.
The level’s importance was reinforced when XRP rallied past it in July, establishing the yearly high above $3.60. Since then, it has switched roles, repeatedly acting as a strong support for deeper corrections. With the token approaching this zone as resistance once again, market focus centers on whether it has enough momentum to break through.
XRP price chart | Source: TradingViewJuly’s rally to the $3.60 high was driven by several key factors, such as whale accumulation around $2, excitement around the SEC’s pending decision on an XRP spot ETF, and other on-chain developments.
To clear resistance this time, XRP will likely need a similar combination of positive factors. Sustained institutional interest and progress on ETF approval could all help strengthen momentum, and fresh adoption across the ecosystem may provide an additional boost.
However, if XRP price fails to overcome the resistance zone decisively, the token could stall or reverse, possibly slipping back toward prior support levels below $2. The strength of rejection or breakthrough here may determine whether the rebound becomes a sustained recovery or just a temporary bounce.
Source: https://crypto.news/xrp-price-back-to-2-5-after-40-drop-is-more-upside-coming/
