XRP’s recent price action has traders a bit nervous. For days, it’s been hovering around the crucial $3 mark, but momentum has clearly shifted bearish in the past 24 hours. And zooming out a bit on the 4-hour chart, the downward pressure is obvious.
That’s why some traders are opting to rotate into smaller altcoins – believing they might have better upside prospects. One that’s getting lots of attention this week is TOKEN6900, a new SPX6900-style meme coin going viral in its presale phase.
XRP Price Prediction – Is XRP Headed for $2?
Right now, XRP is hovering around $2.95 after a choppy few days near the $3 level. And while there’s no fundamental crisis driving the sell-off, the trend has turned undeniably bearish.
A lot of this bearishness seems to be standard profit-taking after XRP’s recent rally, which took the token as high as $3.66 in mid-July. But the slide has people wondering – how low could it go?
Technically speaking, the key support level to watch is $2.74. If that level breaks, it opens the door for a drop down to $2, which would mark a 32% drawdown from current levels and XRP’s lowest price since late June.
That’s not a wild prediction either, considering the lower highs and lower lows showing up on the 1-hour and 4-hour timeframes. For now, the bears are clearly in charge – and unless XRP finds its footing soon, holders could be looking at more pain ahead.
Big Catalysts Could Flip the Script & Halt XRP’s Decline
That said, the downside isn’t guaranteed. XRP still has a few strong bullish cards to play – and the biggest one is regulatory clarity. The SEC is expected to issue an update on XRP’s classification by mid-August, which could finally settle years of legal overhang.
Then there’s the ETF angle. Several big firms – Bitwise, Grayscale, Canary, and 21Shares – all have spot XRP ETF applications live. Bloomberg gives them a 95% chance of approval this year.
Institutional infrastructure is expanding too. XRP futures launched on CME Group this year, BDACS just added custody services for Korean institutions, and RippleNet’s partner network now spans 300+ financial institutions – 40% of which use XRP for real payments.
Ultimately, if XRP cements itself above $3.00 and pushes back to local highs, analysts say a run to $4 isn’t off the table by September. Add in a broader crypto rally, and that upside target could materialize fast.
Why Traders Are Rotating Into TOKEN6900 Instead as Presale Hits $1.6M Mark
Still, while XRP fights to hold ground, a lot of crypto traders are rotating into something entirely different – low-cap altcoins with explosive upside. One of the more talked-about plays right now is TOKEN690, a new presale meme coin that’s already raised over $1.6 million.
The project doesn’t overpromise. In fact, it promises nothing: no utility, no roadmap, no long-winded whitepaper. TOKEN6900 is part meme, part parody, and part high-risk pursuit – and that’s precisely the point.
Inspired by SPX6900’s 12,200% run in the past year, it takes a “zero shame” approach to the meme coin game. That’s evidenced in its supply – deliberately set one token higher than SPX6900, just for the vibes.
But despite its chaotic branding, TOKEN6900 isn’t totally void of incentives. T6900 stakers earn a 37% APY, and the team plans to list it on DEXs (and possibly CEXs) post-presale. Plus, with meme coin season potentially incoming, small-cap tokens like T6900 might benefit massively from the increase in liquidity.
At a presale price of $0.00685, TOKEN6900’s launch market cap will sit under $7 million. YouTuber ClayBro believes this gives it “explosive” potential – and it helps explain why many traders are opting for T6900 over larger altcoins like XRP.
Disclaimer: This media platform provides the content of this article on an "as-is" basis, without any warranties or representations of any kind, express or implied. We assume no responsibility for any inaccuracies, errors, or omissions. We do not assume any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information presented herein. Any concerns, complaints, or copyright issues related to this article should be directed to the content provider mentioned above.
