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The XRP price has done well this year so far, but lately has been testing the patience of traders. The big question now is whether buyers can hold this key level—or if another 25% correction is on the cards for September. Sentiment is mixed, and attention is already drifting to alternative plays. Meme coins like Layer Brett, for instance, are taking some capital from XRP.
Ripple (XRP): Bulls fighting to defend support at $2.80
The chart shows exactly where the line in the sand sits. The Ripple (XRP) price has bounced at $2.80 several times, making it a critical zone for bulls to defend. If it breaks, analysts warn of a fast move lower, possibly toward $2.20 before stabilising.
There are positives. Ripple’s progress on cross-border settlement continues, and institutional adoption is still part of the long-term case. That’s why some traders remain patient—even if short-term action looks weak. A sustained bounce here could reignite optimism, with targets near $3.30 if buyers can regain momentum.
But the problem isn’t fundamentals—it’s speed. Other tokens, even meme-driven projects like Layer Brett (LBRETT), are attracting attention precisely because they offer volatility and upside XRP isn’t delivering right now.
Market sentiment: Can XRP bulls change the narrative?
Crypto markets thrive on momentum, and the XRP price hasn’t been delivering much lately. Volume has thinned, breakout attempts stall quickly, and the coin feels stuck in a holding pattern. For bulls, that makes defending $2.80 even more crucial—lose that level, and the narrative tilts sharply bearish.
Some analysts argue XRP is consolidating for a larger move. The legal clarity from its SEC battle remains a tailwind, and cross-border use cases give it credibility that many competitors lack. That said, credibility doesn’t always equal gains. Traders chasing fast returns are turning their heads elsewhere, toward coins with lower market caps and fresher stories.
One name surfacing often is Layer Brett—a meme-inspired Ethereum Layer 2 that’s been trending in presale chatter. The contrast highlights XRP’s dilemma: it’s a reliable, institution-friendly asset, but lacks the kind of speculative spark that drives retail frenzies.
Some traders call this the