Cryptocurrency XRP's value decreases slightly, as traders stealthily examine meme-based markets in search of the potential standout phenomenon of the upcoming season

In the ever-evolving world of cryptocurrencies, a new player is making waves—Layer Brett (LBRETT). This memecoin is being hailed as a promising prospect with the potential to join the ranks of the memecoin giants.

The foundation of Layer Brett's success lies in its design to leverage Ethereum's Layer 2 scaling, a sector projected to process over $10 trillion annually by 2027. This strategic positioning could provide LBRETT with a significant advantage.

The MemeCore project team, the brains behind Layer Brett, have developed the MemeCore Layer 1 blockchain memecoin. This technological platform aims to transform cultural trends into economic value through a unique "Proof of Meme" model and EVM compatibility.

Meanwhile, Ripple (XRP) finds itself under pressure due to a different set of circumstances. Recently, XRP trading activity reached $2.9, but was met with market shorting. Attempts to break above $3 have failed, reinforcing resistance and inviting selling pressure.

The current situation has led to a decrease in XRP holdings, with the concentration now in 10 wallets, each holding roughly 16.5 million XRP. Notably, Coinbase's XRP holdings have decreased significantly, from nearly 970 million XRP to about 165 million XRP.

This reduction in supply, coupled with a drop in Ripple's futures open interest from $10.94 billion to $7.56 billion, has put XRP under pressure. The current sentiment for XRP is Neutral, with a Fear and Greed Index of 48 (neutral).

According to CoinCodex data, the XRP price is predicted to drop by -0.74% and reach $2.79 by October 5, 2025. XRP is currently hovering in a fragile range after 21 red days in the past month. It is oscillating between a $2.77 demand zone and a $3 supply ceiling.

On the other hand, Layer Brett's presale entry price is $0.0055, and it is gaining attention for its potential to mirror past meme giants like DOGE and SHIB. New buyers are pouring into Layer Brett, seeing it as a second chance for those who missed out on the early stages of these popular memecoins.

Layer Brett's early participants have already experienced substantial yields, with rates as high as 900% APY. However, these rates are designed to decrease as more tokens are staked.

Layer Brett offers a unique blend of meme culture and utility at a stage where valuations are still low. After exiting Base, Layer Brett's holders have been able to experiment with governance, integrations, and liquidity pools.

As the cryptocurrency market continues to evolve, it will be interesting to see how Layer Brett fares against the established players like XRP. Stay tuned for updates on this promising memecoin.

Cryptocurrency XRP's value decreases slightly, as traders stealthily examine meme-based markets in search of the potential standout phenomenon of the upcoming season