XRP XRP/USD is down 6% over the past week, but traders remain upbeat about the token’s near-term prospects.
Trader Notes: XRP experienced a rapid 7% drop in a single 15-minute candle, sliding from $3.21 to $3.00 before quickly rebounding following Thursday’s inflation report.
Casi Trades noted the decline appears to be a liquidity sweep rather than a genuine trend reversal, with price holding critical Fibonacci levels, notably the macro .382 retracement at $3.00 and staying above the macro .5 retracement at $2.76.
The broader bullish structure remains intact, with upside targets still pointing toward ~$4.70. Short-term focus is on holding $3.11 support, while reclaiming $3.21 could ignite strong momentum as trapped shorts adjust.
Statistics: Coinglass data shows XRP spiked to around $60 million on Aug. 14, the highest since July 23, with long positions making up the majority, hinting at potential rally expectations.
Community News: Ripple Senior Vice President Markus Infanger highlighted in an Aug. 12 blog post that the XRP Ledger (XRPL) is well-suited for real-world asset tokenization.
Get StartedTrade Bitcoin, Ethereum, and More Instantly — No Wallets, No Hassle
Speculate on price movements, claim up to $200 in bonuses, and start with risk-free paper trading with crypto futures on Plus500.
Get StartedDisclosure: 82% of retail CFD accounts lose money
XRPL reduces integration complexity and operational risk for institutions shifting from SPVs to native issuance.
On Aug. 9, Epic Chain announced it is expanding its XRP-native infrastructure, aligning every layer of its RWA stack with Ripple USD (RLUSD).
This integration will embed a native USD settlement layer across the ecosystem, enabling tokenized real estate, credit, commodities, and collectibles.
With RLUSD powering the Epic stack, the next phase of XRP-native asset infrastructure is set in motion.
Read Next:
XRP Up 6% In 1 Week: What Is Going On?
Image: Shutterstock
$XRPRipple – United States dollar$3.080.06%Stock Score Locked: Want to See it?
Benzinga Rankings give you vital metrics on any stock – anytime.
Reveal Full ScoreEdge RankingsMomentum99.50Price TrendShortMediumLongOverview$BTCBitcoin – United States dollar$118059.29-0.27%$ETHEthereum – United States dollar$4561.830.28%Market News and Data brought to you by Benzinga APIs
