TLDR
- XRP price drops 4.3% weekly to $2.85, testing critical $2.70 support level
- Flare network launches FXRP v1.2 enabling DeFi participation for XRP holders
- Technical indicators mixed with RSI at 58.8 and bearish MACD crossover
- Key resistance at $3.20 could trigger rally to $3.50 if broken
- Whale accumulation continues despite recent price weakness
XRP price has declined 4.3% over the past week, currently trading at $2.85 as the token enters a consolidation phase. The digital asset remains above its 20-week exponential moving average at $2.75, providing crucial support during the current downturn.
The token has been trading within a range of $2.50 to $3.50, reflecting market indecision following earlier 2025 gains. Price action shows XRP struggling to reclaim the psychologically important $3.00 level that previously acted as support.
Technical analysis reveals mixed signals for XRP price direction. The Relative Strength Index sits at 58.8, indicating neutral to slightly bullish momentum. However, the MACD indicator has turned bearish with a negative crossover, suggesting potential downward pressure.
Bollinger Bands place the upper range at $3.54 and lower boundary at $1.87, with XRP hovering near the middle band at $2.70. This positioning suggests the token could move in either direction depending on market sentiment.
Flare Network Introduces FXRP DeFi Integration
The Flare network has launched FAssets with FXRP v1.2, creating new opportunities for XRP holders to participate in decentralized finance. This integration allows investors to mint FXRP tokens backed one-to-one by XRP through over-collateralization.
FXRP enables access to DeFi activities including trading, lending, staking, and stablecoin interactions. The system utilizes Flare’s native data protocols with security measures including audits, community vetting, and continuous monitoring.
Initial minting is capped at 5 million tokens during the first week, with gradual increases planned. Users can mint directly or trade on platforms like SparkDEX and BlazeSwap. Launch incentives offer liquidity pool APRs up to 50% to encourage early adoption.
Price Targets and Market Outlook
Market analysts identify $3.20 as critical resistance for XRP price recovery. A breakout above this level could trigger a move toward $3.50 by month-end. Conversely, failure to hold $2.70 support risks a retest of $2.50.
Short-term support has formed around $2.80-$2.87, with oversold conditions attracting buyers. Trader CasiTrades previously identified $2.95 as a make-or-break level before the recent decline occurred.
Analyst Ali Charts suggests the current pullback could present accumulation opportunities. If XRP stabilizes and attracts spot buying, a short squeeze rally toward $3.50 remains possible.
Transaction volumes on the XRP ledger have increased during price weakness, indicating continued market interest. Whale accumulation data shows large holders adding positions during recent dips.
September is expected to close with XRP price between $2.80-$3.00 unless broader market conditions improve. The token’s performance remains tied to Bitcoin’s momentum and overall crypto market sentiment.
With new DeFi utility through Flare’s FXRP integration, XRP gains additional use cases beyond traditional payment functionality. This development could support long-term price stability as the token finds new applications in decentralized finance.
