XRP Wobbles Around $2.90 After Institutional Liquidations, Credit Card News Fails to Lift Price
XRP swung sharply over the August 25–26 session, tumbling from $3.01 to $2.91 for a 3.2% decline as a wave of institutional liquidations drove volumes to nearly three times the daily average. The heaviest selling hit during the 19:00–20:00 GMT window, when prices dropped from $2.96 to $2.84. A late recovery brought the token back to $2.90, but traders remain split on whether the rebound can last.
Ripple’s new credit card with Gemini and WebBank — offering up to 4% XRP cashback on transport and 10% at select merchants — adds utility but hasn’t shifted sentiment. Technicals show resistance at $2.96 and support around $2.84–$2.86. RSI has recovered from oversold levels while MACD hints at a bullish crossover. Sustaining above $2.90 could open the door to $3.20–$3.30, but slipping under $2.84 risks a slide to $2.80.
