TLDRXRP currently trading at $2.85 after dropping below the key $3.00 levelCritical support established at $2.70 with resistance at $3.20FXRP launch on Flare network brings new DeFi utility to XRP holdersMarket showing mixed indicators with RSI at 58.8, suggesting neutral to slightly bullish stanceAnalysts divided on whether XRP will reclaim $3.00 or continue its declineXRP, Ripple’s native cryptocurrency, is currently trading at $2.85, marking a weekly decline of 4.3%. The token has entered a consolidation phase after a strong rally earlier in 2025.Price movements have largely been confined between $2.50 and $3.50, indicating market indecision. Despite recent dips, XRP maintains support above its 20-week exponential moving average at $2.75.Technical indicators present a mixed outlook. The Bollinger Bands show an upper range at $3.54 and a lower limit at $1.87, with XRP hovering near the middle band at $2.70.XRP Price on CoinGeckoThe Relative Strength Index sits at 58.8, suggesting a neutral but slightly bullish stance. Meanwhile, the MACD has turned mildly bearish with a small negative crossover.Traders are closely watching the $3.00 level, which has transformed from a support to a resistance point after recent market turbulence. This price point has developed significant psychological importance among XRP investors.Market observers suggest that a breakout above $3.20 could push the asset toward $3.50, while a fall below $2.70 might lead to a retest of $2.50 levels.Some analysts like CasiTrades identified $2.95 as a “make-or-break” barrier before the recent drop. Now that this level has been breached, the market is watching for signs of stabilization.FXRP Brings New DeFi OpportunitiesAway from price action, a major development for XRP holders has emerged. The Flare network has launched FXRP v1.2, introducing important new utility for XRP investors.FXRP allows users to mint tokens that are backed by XRP and participate in decentralized finance activities. This makes the traditionally non-smart contract XRP compatible with DeFi applications.All FXRP will have one-to-one XRP backing through over-collateralization and will benefit from native data protocols from Flare. The initial minting is capped at 5 million during the first week with planned gradual increases.For over a decade, XRP has powered fast and efficient settlement at scale.FXRP on Flare extends that strength with composability, opening new growth opportunities: XRP as collateral, liquidity, and yield in DeFi.Mint today:https://t.co/1ovLRNisHZhttps://t.co/Kjsp3Okyrc pic.twitter.com/SRXZIzCZ3a— Flare (@FlareNetworks) September 24, 2025Holders can mint FXRP directly, trade on platforms like SparkDEX or BlazeSwap, or access it via Luminite and Oxen Flow wallets. Launch incentives include liquidity pool annual percentage rates of up to 50% to encourage participation.This integration into Flare’s ecosystem opens new avenues for XRP in decentralized finance, targeting lending, borrowing, and yield opportunities that were previously inaccessible to XRP holders.Market Divided on XRP’s Next MoveTrader sentiment remains split on XRP’s short-term direction. Some analysts like Ali Charts view the current pullback as an opportunity, suggesting a potential short squeeze rally back toward $3.50 if accumulation increases.Other traders such as DefendDark and CryptoBull2020 consider the recent drop as a high-volatility move that could exhaust sellers and lead to a strong upside reversal, especially if institutional investors step in.Analyst EgragCrypto presents two scenarios: a methodical climb above the 21-EMA leading to $9.60 over coming months, or an extreme case resembling XRP’s 2017 bull run that could theoretically push prices toward $33.#XRP – 2 Scenarios Based on Historical Price Action ($9.6 – $33):If you're not yet familiar with the most likely outcomes, it might be time to catch up! Here’s a closer look at two pivotal cycles in #XRP's history.21 EMA Historical Support Levels2017 Cycle:#XRP… pic.twitter.com/oE1MAMhsXA— EGRAG CRYPTO (@egragcrypto) September 23, 2025For now, buyers have established support in the $2.80-$2.87 range, with oversold RSI readings attracting short-term investors. A move back above $2.95 would provide relief for bulls.The backdrop includes institutional interest and potential XRP ETF approvals. Several proposals are currently under SEC review, and approval could trigger substantial inflows into the asset.Despite market turbulence, data indicates whale accumulation during recent dips, suggesting large investors maintain confidence in XRP’s long-term prospects. With September coming to an end, traders expect XRP to finish the month between $2.80 and $3.00 unless broader market conditions change substantially.The post XRP (XRP) Price: Mixed Technical Indicators as Token Trades at $2.85 appeared first on Blockonomi.