XRP recently experienced a 4% price decline

This movement fits within a larger pattern of market consolidation, where prices fluctuate slightly up and down without significant long-term momentum

The price of XRP dropped by 4% in recent trading hours, falling to $2.41. This downswing followed an attempt to break the $2.60 resistance, which ultimately failed.

As the broader cryptocurrency market continues to stall, major price movements for XRP are likely to be driven by external factors. For instance, a surprise interest rate cut by the Federal Reserve could inject significant momentum into the market.

Moreover, macroeconomic developments or strategic government decisions, such as adding XRP to U.S. financial reserves, could also influence XRP’s price trajectory.

However, such scenarios are speculative, and there's no guarantee that these events will unfold during the summer period, which is typically slow for crypto due to lower investor activity and slim trading volumes.

Despite the lack of momentum, XRP has shown some promising signs. A trading indicator recently signaled a buy opportunity for XRP ahead of a 25% price increase. This instance highlights that even during dull market conditions, XRP can still deliver gains.

Technical Analysis

In the short term, the technical picture for XRP remains mixed. The recent pullback from $2.60 appears to have unwound most of the gains from the previous support level at $2.45, which is also the lower boundary of a key price zone between $2.41 and $2.45.

This area is also a point of control and is supported by the 200 EMA and the weekly VWAP.

The '+' sign on the chart above indicates an initial attempt to break the $2.60 resistance, but the move appears weak, and the price quickly pulls back.

The outlook remains cautiously optimistic. If the $2.41 level continues to hold, we could see XRP stabilize and eventually aim for a recovery move toward $2.75 and possibly $2.85.

On the other hand, a weak reaction at current levels could open the door for a drop to the next support range at $2.32-$2.30.

New Solana Layer 2 Token Solaxy Set to Explode? $36M Raised as Investors Prepare for Listings

Looking ahead, the wider crypto market—including XRP—is expected to enter a more bullish phase in Q4 2025.

At the same time, investor enthusiasm for the new crypto presale project Solaxy is rapidly accelerating, with the funding total rising from $35 million to $36 million in just 48 hours.

Such a figure reflects growing confidence in its future, especially given the surging popularity of meme coins and Layer 2 solutions built on the Solana network.

Solaxy, a promising Solana Layer 2 project, has recently reached a significant milestone with the launch of its testnet bridge.

This development signals the team’s ongoing progress and commitment to bringing innovative blockchain infrastructure to life. At its core, Solaxy is designed to enhance transaction efficiency and scalability on Solana.

The testnet rollout includes a live block explorer, allowing users to monitor transactions and assess network performance firsthand. Although it’s still in testing and may encounter some issues, the testnet represents a crucial step toward mainnet deployment.

Additional features like an integrated development environment (IDE) and a dedicated wiki are marked as “coming soon,” suggesting that the project is expanding its ecosystem with robust tools for both users and developers.

🛸 Solaxy Testnet Bridge is LIVE! 🛸You can now bridge native SOL between Solana Devnet and Solaxy Testnet at https://t.co/BFMV1G9v4c 🔥🚀Built with Hyperlane, this is the first step toward full cross-chain interoperability.

Ethereum bridging is coming for mainnet — stay tuned!

From a technical standpoint, the team behind Solaxy has made key backend improvements. Recent development updates highlight several backend enhancements, including faster node restarts, smoother database schema changes, a more reliable test suite, and fixes to UI flickering issues in block time displays.

These optimizations reflect an active development cycle aimed at building a strong foundation for a seamless user experience. Solaxy’s connection to Solana gives it a competitive edge.

As meme coins on the Solana blockchain continue to generate significant profits, investors are increasingly turning their attention to emerging Layer 2 projects like Solaxy.

Solana’s high performance and low fees make it a favorable environment for decentralized applications and meme coin ecosystems, both of which are rapidly expanding.

Solaxy has plans for major exchange listings. Both decentralized and centralized exchange integrations are expected, which could provide further momentum for the project once its token becomes more accessible to a broader market.

With a current presale token price set at around $0.001726, early participants are positioning themselves for potential gains once the token enters public markets. Investors can purchase $SOLX using a bank card or cryptocurrency via the Best Wallet app.

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