XRP Price Prediction: Ripple Token Plunges 5% Amid News Holders May Earn Up To 8% Via New Liquid Staking Token

The XRP price slumped 5% in the past 24 hours to trade at $2.818 as of 7:56 a.m. EST even as trading volume surged 112% to $7 billion.

The drop in the price of the Ripple token comes as Midas and Interop Labs unveiled mXRP at XRPL Seoul 2025 today, the first liquid-staking product tied directly to the Ripple ecosystem.

mXRP aims to put dormant XRP supply into yield-bearing structures with targeted net returns of 6 to 8%. Actual returns will depend on performance.

It is minted on XRPL’s EVM via audited contracts; XRP is bridged and wrapped under Midas’ tokenized certificate framework. 

If adoption grows, mXRP could boost XRP demand because of the yield. 

XRP Price: Testing Support While Eyeing A Breakout

The XRP price remains above its 50-day Simple Moving Average (SMA) at $2.66, which has been acting as a dynamic support level throughout the uptrend.

Meanwhile, the long-term 200-day SMA at $1.56 remains well below the current market price, reinforcing that the broader trend is still bullish.

The Ripple token price is trading within the ascending triangle pattern and aims for a breakout.

Momentum indicators show that the price of XRP is in a cooling-off stage, but far from being in bearish territory.

The Relative Strength Index (RSI) currently sits at 48.01, just below the neutral 50 level, with its SMA slightly higher at 52.63. This positioning suggests that momentum is balanced but somewhat indecisive.

XRP/USD Chart Analysis: TradingView

The price of the Ripple token appears poised for a massive move.

If buyers can defend the 50-day SMA and push the XRP price back toward the $3.65 resistance zone, a breakout above this barrier could allow for a rally toward the $4.50–$5.00, in line with the 65% projected surge.

On the flip side, failure to hold the $2.66 support level may drag XRP lower toward $2.00 or even retest the $1.56 region, where the 200-day SMA sits as a last line of defense for the broader uptrend.

Ali Martinez had already predicted that XRP could find support at $2.78. Now that the price has touched that level in the recent candle, XRP could sustain its surge above.

Meanwhile, XRP’s dominance stands at 4.43%, holding above the 50-day SMA (4.42%) but with RSI near neutral (44.79), signaling consolidation before the next major move.