- XRP must breach $3.221 to sustain bullish momentum; failure could trigger sideways or downward movement.
- Analysts warn a dip below key levels may lead to further losses and $1.9622 support testing.
- Ripple’s partnership with Ondo Finance brings tokenized U.S. Treasuries to XRPL, strengthening institutional adoption.
Market analyst Nebraskangooner has highlighted $3.221 as the critical barrier XRP needs to smash if it’s going to maintain its upward charge. This resistance point has proven stubborn, as XRP hit highs around here before heavy selling kicked in, triggering a sharp reversal.
Interestingly, this rejection corresponded with the 1.337 Fibonacci extension—a level that chart watchers often keep an eye on. Since that setback, XRP’s price has dipped, reaching lows near $3 but clawing its way back just slightly above at the moment.
Analysts anticipate a renewed rally could spark buying activity, but it hinges on breaking through $3.221 resistance. Otherwise, we might see XRP settle into a sideways grind or even sink further.
Analysts Flag Potential $1.9622 Downside
Failure to break key resistance might open the floodgates to bearish momentum. If sellers regain their grip, XRP could plunge toward the next critical support level—$1.9622—a line that could shape the asset’s longer-term fate.
The latest market tremors have rattled leveraged traders, with over $11 million in liquidations recorded in just 24 hours. Of that, long traders have taken a particularly hard hit, racking up $7.4 million in losses.
Should XRP continue struggling at resistance, the ongoing bearish trend may deepen, resulting in further pain for over-leveraged positions.
Whales Accumulate as XRP Defends $3 Support
Despite volatility, XRP has clung to $3 as a crucial support, showing resilience amid market fluctuations. Data reveals that each time the price nears this zone, large investors—or “whales”—swoop in to buy, shoring up demand.
Egrag Crypto, a market observer, noted that bullish forces have repeatedly kept the price afloat above $3 during recent trading sessions. Whenever XRP briefly dips below that level, a surge in buying pressure seems to counteract selling forces.
Still, there’s a cautionary note: If buyers don’t maintain this momentum, the support could crack, potentially accelerating declines.
Ripple and Ondo Finance Team Up for OUSG Launch on XRPL
In a push to expand its institutional appeal, Ripple has partnered with Ondo Finance to bring the tokenized U.S. Treasury fund OUSG to the XRP Ledger (XRPL). Over the next six months, Ondo plans to deploy OUSG—an asset backed by U.S. Treasuries and BlackRock’s BUIDL fund—offering investors a regulated, yield-focused opportunity.
This integration enhances institutional access to real-world asset (RWA) tokens via XRPL’s established regulatory framework, which includes Decentralized Identifiers (DIDs) and on-chain credential tools. Users can directly manage OUSG transactions through Ripple’s RLUSD stablecoin infrastructure, ensuring both security and liquidity.
As of now, XRP trades at $3.14, reflecting a 2.25% uptick in the past 24 hours. Analysts remain hopeful as bulls continue defending the $3 level, setting the stage for a potential breakout.