On October 2, 2025, the price of XRP is holding steady at $2.98, showing a modest increase of 0.8% for the day. This stability in price is causing traders to carefully test the boundaries between a strong support level and the potential for a breakout. The XRP charts are indicating key resistance levels as the market cap for XRP hits an impressive $178.2 billion.

Despite the gradual increase in price, XRP's market cap of $178.2 billion reflects a sense of confidence among investors. The coin's performance is steady and encouraging without displaying any signs of overconfidence. Traders and investors are observing the market closely as buyers continue to push the price higher, attempting to break through key resistance levels.

The current price of XRP at $2.98 is seen as a critical point for the cryptocurrency. Traders are closely monitoring the price action to determine whether XRP will be able to sustain its upward momentum and potentially break out into a higher price band. The support level at $2.98 is proving to be resilient, providing a strong foundation for the coin's current price movement.

Amidst the price fluctuations, XRP's market cap reaching $178.2 billion is a significant milestone for the cryptocurrency. This valuation underscores the widespread adoption and investor confidence in XRP as a digital asset. The increasing market cap is also indicative of the growing interest in XRP from institutional investors and retail traders alike.

As traders navigate the current market conditions, they are paying close attention to technical indicators and chart patterns to identify potential breakout opportunities. The key resistance levels on the XRP charts are serving as crucial reference points for traders looking to capitalize on price movements.

In conclusion, the price of XRP hovering at $2.98 on October 2, 2025, reflects a cautious optimism among traders and investors. The steady increase in price, coupled with a market cap of $178.2 billion, highlights the resilience and potential of XRP in the cryptocurrency market. Traders are closely monitoring the market dynamics to seize opportunities for profit as XRP continues to navigate the path towards a potential breakout.

Source: https://news.bitcoin.com/xrp-price-hovers-at-2-98-as-bulls-probe-3-10-breakout/