XRP trading volumes have fallen to their lowest point since August 2022, driven by ongoing SEC legal challenges. Investors are exiting at a loss as market activity slumps, creating significant pressure on the XRP ecosystem.
The XRP Ledger has surpassed Ethereum in circulating RLUSD supply, reaching $801.79 million. This marks a significant milestone for Ripple's stablecoin, according to on-chain data.
Ripple announced a 2,260% surge in tokenised assets on the XRP Ledger, reaching $118 million as institutions adopt blockchain for traditional finance. Despite this growth, XRP faces ongoing market pressure, trading at $1.05 with key support at $1.00. Technical indicators suggest potential short-term rebounds, though the token remains below major moving averages.
XRP briefly touched $1.01 while key support at $1.06 weakens. Analyst Martinez cautions that a breach could send prices down to $0.80, with further supports identified at $0.62 and $0.51.
Ripple launched a 'Clarity Truck' campaign in Washington, D.C., urging Congress to pass the CLARITY Act to define digital asset regulations. While the XRP community largely supports the push for regulatory clarity following Ripple's SEC victory, some skeptics question the timing and focus, noting XRP's price struggles and the campaign's lack of specific mentions of XRP or XRPL. With the bill advancing in the Senate, the crypto industry watches closely for the upcoming floor vote.
XRP faces critical testing at the $1 psychological support level following a significant sell-off that triggered over $40 million in long liquidations. While trading within a multi-month falling wedge, analysts warn that a breach of $1 could expose further downside toward $0.91, whereas reclaiming the $1.10–$1.12 zone is essential for bullish momentum recovery.
The upcoming Q3 sees intensified debate between XRP and ETH, driven by RLUSD's liquidity shifts and regulatory approval in Japan, potentially boosting XRP's price.
Ripple CTO Emeritus David Schwartz clarified that XRP did not precede Bitcoin. While the RipplePay concept dates to 2004, the XRP Ledger and token were developed starting in 2011 and launched in 2012, years after Bitcoin's 2009 debut. Schwartz distinguished the early non-blockchain RipplePay from the later XRP Ledger and dismissed rumors linking his 1988 patent to XRP's creation.
Crypto analyst Egrag Crypto advises XRP traders to focus on long-term technical structures rather than short-term market noise. With the monthly RSI dropping to a historic support zone around 40, the analyst predicts a potential rebound toward the 65–77 range, citing past cycles where similar levels preceded significant momentum surges.
The XRP lending protocol is close to activation following xpmarket's support for the XLS-65 and XLS-66 upgrades, raising questions about the future of on-chain bond markets.

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