Immy Dorse 
XRP had a pretty rough go of it over the weekend. The price took a noticeable dip, sliding from around $3.01 down to about $2.91. That’s a drop of just over 3%, which might not sound like a lot, but in a single day it feels pretty steep if you’re watching it happen.
The real action, though, seemed to kick off during a specific hour—between 7 and 8 PM GMT. Out of nowhere, trading volume absolutely exploded. We’re talking more than triple the average daily activity. A lot of that looked like institutional selling, big players cashing out all at once, and it pushed the price down hard. From nearly $2.96 down to around $2.84 in just sixty minutes. It was a pretty clear liquidation event.
Late Recovery and Mixed Feelings
Things did calm down a bit toward the end of the session. There was a modest rebound, enough to push XRP back above the $2.90 mark. But the mood feels divided. Some traders think it’s a sign of resilience, that buyers are still interested at these levels. Others aren’t so sure. They’re questioning whether this is just a temporary bounce or if there’s real momentum building for another run up.
And honestly, it’s been a volatile month for XRP. It keeps testing that $3.00 ceiling but hasn’t really managed to hold above it. Each time it gets close, something seems to pull it back down.
New Card, Old Problems
In other news, Gemini—the exchange run by the Winklevoss twins—announced a partnership with Ripple. They’re launching a new credit card that gives cashback rewards in XRP. Up to 4% on things like gas and rideshares, and even some limited 10% promotions with certain merchants.
It’s an interesting move, maybe a way to encourage everyday use. But it’s also hard to ignore the broader context. While other major cryptocurrencies have been climbing steadily, XRP has kind of lagged behind. A lot of people still point to the ongoing regulatory uncertainty here in the U.S. as a persistent weight.
What Comes Next for the Price
From a technical standpoint, things are a bit messy but maybe not all bad. That sharp drop found some solid support right around the $2.84 to $2.86 zone, which lines up with a key moving average. The RSI indicator also dipped close to oversold territory before recovering, which often suggests selling pressure is easing.
For things to really turn around, traders will want to see XRP hold above $2.90 consistently. If it can, the next logical test would be up toward $3.20. But if it falls back below that $2.84 support? Well, then we could be looking at another leg down, maybe toward $2.80. For now, everyone’s just watching to see which way it breaks.