Looking at price action this week, traders, including those trading XRP crypto, have not found relief. The total crypto market is shrinking, diverging from the $4 trillion level, and has dropped by nearly 1% in the past 24 hours. Although confidence remains that Bitcoin, Ethereum, and other blue-chip cryptos will eventually recover, sellers appear stronger and unrelenting.
For XRP crypto, the coin is among the top losers in the top 10, sliding nearly 10% in the past week. It is down 2% in the last 24 hours, and the coin is technically capped at $3, a key resistance and psychological level.
Still, it has flipped Tether to claim third place, while also stretching gains versus BNB, which is in fifth. Technically, the uptrend remains, and as long as demand from retail and institutional investors persists, XRP crypto will successfully defend key support levels and tick higher.
(Source: TradingView)
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XRP USD Bullish: Will It Break $3 This Weekend?
From the daily chart,
XRP
3.76%
XRP
XRP
Price
$1.17
3.76% /24h
Volume in 24h
$2.79B
Price 7d
is trending inside a bull flag. The local support and main buying zone for traders looking to enter at favorable prices are around the $2.6 to $2.7 region.
If buyers defend this zone, prices are highly likely to bounce higher, break above the descending wedge, and possibly trade above $3 in the next few trading days. Technically, a close above $3.4 will be critical for XRP crypto to continue its impressive uptrend set in motion in mid-June 2025.
On Coinglass, open interest is down 2% to $7.4 billion. Due to the slowdown in the number of open leveraged positions across major exchanges, including Bybit and Binance, trading volume is down 27% to $6.7 billion in the past 24 hours.
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Recent trends show that trading volume has been falling in the past week following the deleveraging event on August 14. It is likely that the over $56 million in long liquidations on August 14 flushed out speculators, impacting sentiment. As XRP USD prices fell, traders stayed on the sidelines, waiting for clear trend definition.
(Source: Coinglass)
As a result, as long as XRP USD prices drop, volume will likely contract. However, a close below $2.5 may trigger more long liquidations based on XRP USD technical setups.
Though prices might dip, the uptick in institutional activity may spark demand. Per Santiment, whales increased their holdings from 7.5 billion XRP on August 16 to 7.74 billion XRP on August 21. This expansion suggests that large players are positioning themselves to buy, perhaps in anticipation of macroeconomic triggers.
(Source: Santiment)
Market Awaits Jerome Powell’s Comments: Will Crypto Surge?
The pace at which XRP crypto can accelerate above $3 by this weekend depends on Jerome Powell’s comments. Last year, at the same Jackson Hole conference, Powell announced readiness to slash rates, sparking a crypto boom.
However, this year, mixed signals from Federal Reserve officials have tempered expectations. While economists largely expect the central bank to slash rates in September, rising inflation is a concern.
Fed presidents Beth Hammack and Jeffrey Schmid are skeptical about an imminent cut, citing economic data. On the other hand, Boston Federal Reserve president Susan Collins pointed to labor market risks, suggesting a rate cut could occur if conditions worsen.
🚨 Jerome Powell back in June: “We are refusing to cut interest rates because, everyone I know, is forecasting a meaningful increase in inflation from tariffs, next month.”
July Inflation just came in BELOW expectations ONCE AGAIN.. Fire Powell! pic.twitter.com/Gx7jzoBYn3
— The Patriot Oasis™ (@ThePatriotOasis) August 12, 2025
If Powell adopts a dovish stance, hinting at possible rate cuts in September, XRP crypto could push past $3. Conversely, if the chair indicates delays are needed, XRP crypto and some top Solana meme coins will likely crash below key support levels.
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Token6900 Meme Coin Steals Limelight, Community Raises Over $2.3 Million
While the focus is on XRP crypto, smart investors are betting big on Token6900.
Token6900 is a meme coin to hold if the Federal Reserve meets market expectations and Powell hints at a possible rate cut in September 2025 at Jackson Hole.
A major draw of Token6900 is its unapologetic embrace of meme culture. It brands itself as the first “non-corrupt token” (NCT) with a fixed supply.
By having a fixed supply, like Bitcoin, Token6900 subtly jabs at central banks that regularly print money, creating inflationary pressures.
Token6900 tracks “vibe liquidity.” It is not built on fundamentals but on “delusion, irony, and the collective hallucination of terminally online traders.”
The goal is to raise $5 million. As of August 22, over $2.3 million has been raised. Each token is trading at $0.00705, but prices will increase in the next eight days.
Those who buy Token6900 now can also stake for a 33% APY yield. Nearly 140 million T6900 crypto tokens have been locked up, earning holders passive income.
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XRP Crypto Eyes $3 Post-Powell Speech, Token6900 Raises $2.3M
- XRP USD trends in a bull flag, with $2.6–$2.7 as key support
- Will XRP crypto break above $3 this weekend
- Whales stacking XRP ahead of Jerome Powell’s speech
- Token6900 presale raises over $2.3 million
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