Its been a rocky weekend for XRP holders as the tokens price took a sharp tumble, dropping below $2 amid negative market sentiment. Adding to the uncertainty is the lingering silence from Judge Analisa Torres on Ripples latest motion in its ongoing SEC lawsuit. The case, which could clear the path for U.S. institutional sales of XRP and possibly a spot ETF approval, remains unresolved.
As XRP struggles to regain footing, the broader crypto market has also dipped, with altcoins suffering extra volatility thanks to legal headlines and geopolitical tensions.
But amid the chaos, theres one development that could quietly reshape XRPs future.
Flare Network co-founder Hugo Philion revealed on X (formerly Twitter) that Flares upcoming Firelight product could soon activate tens of billions of XRP. Philion hinted that after recent meetings in the U.S., this innovative solution is poised to bring billions of XRP into productive use on Flares ecosystem.
On-chain activity shows some resilience, with key wallets and escrow release schedules staying within expected ranges. Technical indicators also hint at a possible short-term bounce, with XRPs RSI near oversold levels and key supports around $1.93 to $1.80 holding for now.
Analyst Casi Trades said XRP is behaving just as expected. The price dropped close to a major support at $1.90, made a small bounce, and now looks set for a final dip to that level. This $1.90 mark is an important support zone and could signal a bottom if it holds and shows a bullish divergence.
Whats even better is that Bitcoin is showing a similar pattern near $97,000. If both XRP and BTC touch these key levels together, it could trigger buying momentum and mark the start of a market rebound.
