After a record-breaking performance in July, XRP has begun August on a more uncertain footing. The asset is now trading at $2.92, below the critical $3 support level identified by many traders. This recent 7.3% drop from the previous day has fueled renewed concern among community members, especially given the asset’s stalled momentum over the past two weeks. The chart shared by crypto analyst Steph (@Steph_iscrypto) on X outlines this decline, emphasizing the importance of the $3 zone as a key support. The analysis suggests that XRP’s failure to hold that level could weaken its bullish structure if not quickly reclaimed. Despite the current pullback, Steph’s projection still points toward significant upside potential. A sharp upward arrow in the chart indicates a long-term bullish trajectory that remains intact if conditions stabilize. #XRP losing support.. Should we worry? pic.twitter.com/7KtfZJ0wSU — STEPH IS CRYPTO (@Steph_iscrypto) August 1, 2025 A Look Back at 2025 Performance The year has been undeniably strong for XRP. It began the year in the middle of a remarkable rally and hit a multi-year peak of $3.39 in January. An extended consolidation phase followed, but the asset experienced another sharp breakout in July, reaching a new peak of $3.65 . Yet, the speed and height of the recent rally have also prompted caution among some traders. Some have interpreted the lack of follow-through after the breakout as a sign of potential exhaustion. While the current price action is not unusual within volatile crypto cycles, it contrasts sharply with the explosive move that preceded it. We are on X, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) June 15, 2025 Temporary Weakness or Structural Breakdown? Despite the sharp correction, several analysts remain optimistic about XRP’s near-term outlook . Historical behavior shows that XRP has experienced multiple pullbacks below key levels, only to regain strength shortly after. After reaching its all-time high, XRP experienced a brief pullback but quickly regained the $3 level. The community expects it to do the same now. Some community members weighed in, advising others to buy the dip with the expectation that the asset will recover soon. Moreover, the broader macro environment could still favor digital assets. With interest rate cuts expected from the U.S. Federal Reserve, the asset’s long-term trajectory seems bullish, as liquidity may return to high-risk assets like cryptocurrencies. This is not the first time the asset has slipped below a major level only to recover shortly after. XRP has historically demonstrated an ability to reclaim lost support and reestablish bullish momentum, even after brief periods of weakness. Disclaimer : This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are advised to conduct thorough research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses. Follow us on X , Facebook , Telegram , and Google News The post XRP Losing Crucial Supports, Should Holders Worry or Not? Details appeared first on Times Tabloid .
