Ripple Price Falls Below $2 — Can Billions of Dormant XRP Save It?
As XRP slides under $2 and the SEC case drags on, Flare Network hints at unlocking billions in XRP that could reshape its fate.
Crypto Laddin
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It’s been a rough weekend for XRP holders. The token’s price dipped below the key $2 mark as the market sentiment turned sour. Meanwhile, Judge Analisa Torres has yet to respond to Ripple’s recent filing in its long-running lawsuit with the SEC—keeping investors in suspense.
This case could eventually allow institutional XRP sales in the U.S. and open the door for a spot ETF approval. However, the delay has kept XRP in limbo.
Amid this uncertainty, Flare Network co-founder Hugo Philion dropped a notable update. On X (formerly Twitter), he hinted that Flare’s Firelight product is ready to activate billions of dormant XRP tokens, following promising meetings in the U.S.
Could XRP Find Support Soon?
On-chain metrics remain steady, with wallet activity and escrow releases behaving as expected. Technical indicators show XRP is near oversold territory, with support zones around $1.93 to $1.80 potentially holding strong.
Analyst Casi Trades noted XRP is following its predicted path—bouncing slightly after touching near the $1.90 support. A final dip may come, but if the level holds with a bullish divergence, a market rebound may follow.
What’s more, Bitcoin is showing similar movement near $97,000. A synchronized bounce could signal the end of the correction phase and spark a broader rally.
Stay tuned to CryptoLaddin for updates on this crucial turning point for XRP.
