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coinpedia 2025-06-23 15:33:44

Ripple News: Can Billions of Dormant XRP Save the Token From Its $2 Breakdown?

Ripple News: Can Billions of Dormant XRP Save the Token From Its $2 Breakdown?

The post Ripple News: Can Billions of Dormant XRP Save the Token From Its $2 Breakdown? appeared first on Coinpedia Fintech News It’s been a rocky weekend for XRP holders as the token’s 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 Ripple’s 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, there’s one development that could quietly reshape XRP’s future. I spent much of the last week in the US with the Firelight team. This product is hugely innovative and has the potential to put BILLIONS if not 10’s of BILLIONS of XRP to work -> on Flare. — Hugo Philion (@HugoPhilion) June 22, 2025 Flare Network co-founder Hugo Philion revealed on X (formerly Twitter) that Flare’s 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 Flare’s ecosystem. XRP Price On Right Path? 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 XRP’s 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. What’s 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.

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