XRP ($ XRP ) is currently trading around $3.02, down 1.53% on the day and 3.17% over the past week, according to the latest market performance. Despite these short-term losses, the token is still up 36.34% over the past month, 27.02% in 6 months, and a solid 45.51% year-to-date.
But can this momentum continue—or are we looking at the beginning of a deeper correction?
The daily chart shows XRP recently broke down from a local top near $3.60 and is now consolidating just above the psychological $3.00 level. This level is critical for bullish momentum to remain intact.
XRP/USD 1-day chart - TradingView
A breakdown below $3.00 could open the doors to a quick dip towards $2.68 or even $2.45. However, holding this level would signal bullish consolidation and the potential for a bounce.
In the midst of this technical uncertainty, $Ripple official X post offers a bullish long-term narrative for XRP and blockchain adoption:
“The shift is happening: banks are investing in blockchain.
➡️ $100B+ invested in blockchain companies since 2020
➡️ $700B/month in stablecoin volume
➡️ $18T projected in tokenized assets by 2033”
This data comes from Ripple's new report in partnership with CB Insights and UK Cryptoasset Business Council , highlighting the growing integration of blockchain into traditional finance.
These macro signals can act as a tailwind for XRP’s future valuation—especially if XRP remains a go-to option for cross-border payments and tokenized liquidity.
If XRP can maintain support above $3.00, the next leg up could push toward the $3.60 resistance zone. However, if Bitcoin ($BTC) continues to slide or the broader crypto market weakens, XRP may revisit lower support levels.