**Crypto Market Update: XRP Drops Below $3, Support Levels in Focus**

**Disclaimer:** Crypto is a high-risk investment. This article is for informational purposes only. Never invest more than you can afford to lose.

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**XRP Price Today: What’s Happening?**

XRP is currently priced at $2.81, with a 24-hour trading volume of over $7 billion. The token has dropped 2.35% in the last 24 hours and is now ranked #4 by market cap at $166.89 billion. There are 59.48 billion XRP tokens in circulation out of a total supply of 100 billion.

The current price decline brings XRP closer to important support levels, which could decide if it becomes the next altcoin to trigger a rally across the crypto market.

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**Why Is XRP Falling?**

XRP is struggling to stay above the $3 mark. A general downturn in the crypto market has added pressure. Bitcoin recently hit a seven-week low, and Ethereum also saw a pullback after billions in options expired. This triggered a wave of selling across many altcoins.

Other tokens like Cardano (ADA), Dogecoin (DOGE), and Sui (SUI) also experienced steep losses.

Adding to the pressure are macroeconomic factors. The U.S. Federal Reserve has hinted that interest rate cuts might take longer than expected. Inflation is still high, and the economy is showing strength — making risky assets like crypto less attractive. Tech stocks are also down after NVIDIA’s AI forecast missed expectations, pulling sentiment lower overall. The total crypto market cap has dropped 3.3% in just one day, now sitting at $3.76 trillion.

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**On-Chain and Derivatives Data Show Weakness**

Activity on the XRP Ledger is dropping. Active wallet addresses have fallen from around 50,000 in mid-July to just 24,000 today, based on data from CryptoQuant.

In the futures market, XRP is also showing signs of weakness. Open interest in XRP futures has decreased from $10.94 billion to $7.97 billion — indicating traders are losing confidence. In the past 24 hours, over $15 million in long positions were liquidated, compared to only $1 million in shorts. This shows that bullish traders are being forced out faster than bearish ones.

XRP has also lost ground in rankings, slipping behind Tether (USDT) in market value and falling out of the world’s top 100 assets by market cap.

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**XRP Price Forecast: Support at $2.58 Is Key**

XRP is now trading in a downward channel, showing signs of a bearish trend after failing to break through resistance at $3.25 in mid-August. The token is hovering near the $2.79 Fibonacci retracement level (0.5 level), which could act as short-term support.

**Support Levels to Watch:**
– $2.79
– $2.58
– $2.43

**Resistance Levels to Watch:**
– $2.99
– $3.09 (50-day Simple Moving Average)
– $3.25

**Technical Indicators:**
– RSI (Relative Strength Index) is at 41 — showing pressure but not yet oversold
– MACD (Moving Average Convergence Divergence) remains negative with expanding red bars

As long as XRP stays above $2.06, the larger trend isn’t broken yet. If buyers step in and hold support at these levels, XRP could bounce back and potentially drive momentum across the altcoin sector again — something it’s done during past market rallies.

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**Bitcoin Hyper ($HYPER): A New Layer 2 Built for Speed**

Bitcoin Hyper ($HYPER) is a new crypto project aiming to combine Bitcoin’s top-tier security with Solana’s fast and low-cost technology. It’s the first Bitcoin-native Layer 2 that uses the Solana Virtual Machine (SVM), allowing developers to build smart contracts and decentralized apps (dApps) on Bitcoin’s network — with speed and low fees.

$HYPER also supports BTC bridging and meme coin creation, offering more flexibility for users and developers alike.

The project has been audited by Consult for safety and scalability, giving investors more confidence.

So far, the presale has raised over $12.8 million, and tokens are still available — currently priced at just $0.012825 each. Prices will go up as the presale continues.

You can buy HYPER tokens directly from the official Bitcoin Hyper website using cryptocurrency or a bank card.

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