XRP price plunges to $2.80 after 25% slide — bearish chart screams $2.40, but could HashedMining flip the script?

XRP slipped to $2.80 today, down 1.85% in 24 hours and nearly 25% below its multi-year peak of $3.66. The token has struggled to hold support after hitting a 7-day high of $3.15 and a 30-day peak of $3.45.

While traders brace for further downside, the launch of HashedMining’s cloud-based platform — offering simplified access to Bitcoin, Ethereum, XRP, and stablecoin mining — is giving investors a new way to generate returns outside of price speculation.

Analysts tracking data from Cointelegraph Markets Pro and TradingView noted that XRP is trading below a descending triangle on the daily chart — a classic bearish formation that could push the price toward the $2.40 support zone.

XRP’s recent performance

• 7 days: High $3.15 | Low $2.81
  
  
• 30 days: High $3.45 | Low $2.81
  
  
• 1 year: High $3.65 | Low $0.4936
  
  
• 5 years: High $3.65 | Low $0.1378
  
  

Across leading exchanges, XRP was quoted at an average of $2.83 on Bitget, Bybit, and Binance US, and $2.84 on Kraken, showing tight spreads amid consistent downward pressure.

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What’s new with HashedMining’s cloud mining launch?

Amid XRP’s price decline, interest in crypto mining is resurging. HashedMining has introduced a mobile-based cloud mining platform for Bitcoin (BTC), Ethereum (ETH), and XRP, enabling users to mine without managing physical hardware or high energy bills.

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The service offers a simplified four-step process — account registration, mining plan selection, crypto activation, and instant mining — catering to both beginners and seasoned investors.

Key features include:

• Advanced encryption and multi-layered security, with regular third-party audits
  
  
• Compliance with KYC, AML, and source-of-funds checks to meet global regulations
  
  
• Flexible mining contracts with transparent profit models and customizable returns
  
  
• Support for deposits in BTC, ETH, XRP, USDT, and USDC
  
  
• Daily rewards, referral bonuses, and easy mobile access
  
  

By eliminating the need for hardware installation, maintenance, and energy management, HashedMining aims to make crypto mining accessible while providing a legal, regulated route for investors seeking passive income.

Short-Term Outlook

• XRP is testing key support near $2.80–$2.75; a break below could push it toward $2.40.
  
  
• Daily chart shows a descending triangle pattern, indicating possible further downside.
  
  
• Market sentiment is cautious as traders react to recent price declines.
  
  
• Short-term volatility is likely to continue, with price swings around $2.80–$3.15.
  
  
• Investors may consider tactical trading or using cloud mining platforms to offset exposure.
  
  

Long-Term Outlook

• XRP remains well below its multi-year high of $3.65, suggesting room for recovery if market conditions improve.
  
  
• Institutional adoption and regulatory clarity could drive gradual upward momentum.
  
  
• Long-term investors may benefit from dollar-cost averaging during dips.
  
  
• Expansion of compliant crypto services, such as HashedMining, could support broader ecosystem growth.
  
  
• Overall trend will depend on broader crypto market cycles, global regulatory developments, and adoption by financial institutions.

Why this matters for investors

As XRP faces pressure near key support levels, platforms like HashedMining may appeal to traders looking to diversify beyond mere price speculation. With regulatory oversight increasing and frameworks like the GENIUS Act emerging, compliant cloud mining services could become a vital gateway for new and existing digital asset investors.

FAQs:

What is XRP price outlook now?
XRP price is testing support at $2.80 and may drop toward $2.40 in the short term.

How does HashedMining cloud mining work?
HashedMining cloud mining allows Bitcoin, Ethereum, and XRP mining without hardware using a simple mobile setup.