1 hour ago
XRP collapsed successful 1 of its heaviest trading days of 2025, tumbling astir 5% arsenic institutions unloaded into the REX-Osprey ETF debut.
The sell-the-news dynamic erased $11 cardinal successful marketplace worth and near the token warring to support captious $2.77 support.
News Background
• Inaugural U.S. XRP ETF (REX-Osprey) posted grounds $37.7 cardinal first-day volume, the largest ETF motorboat of 2025.
• Whale wallets moved $812 cardinal successful tokens betwixt chartless addresses during the session.
• Crypto derivatives saw $1.7 cardinal successful liquidations, with 90% coming from agelong positions.
• Fed argumentation pivot looms: September ostentation cooled to 2.18%, with markets pricing a 50 bps chopped earlier year-end.
• Bitcoin dominance surged to 57.7% arsenic superior rotated distant from altcoins.
Price Action Summary
• XRP crashed from $2.87 to $2.77 successful a 24-hour span (Sep 22 03:00–Sep 23 02:00 GMT), a 4.9% driblet crossed a $0.14 range.
• Flash clang astatine 06:00 GMT saw terms plunge from $2.87 to $2.77 connected 656.1M measurement (6x regular avg of 105M).
• Resistance hardened astatine $2.87 during repeated intraday rejection.
• Recovery peaked astatine $2.86 by 13:00 GMT earlier stalling.
• Afternoon consolidation held $2.83–$2.87 earlier sellers regained control.
• Final hr diminution took terms from $2.85 to $2.83 (-0.7%), leaving XRP astatine $2.83 close.
Technical Analysis
• Support: $2.77 captious level from flash crash; secondary level $2.82 flagged for retest.
• Resistance: Heavy proviso portion astatine $2.87, with little highs forming downtrend channel.
• Volume: 656.1M successful clang vs 105M avg confirms organization dumping.
• Trend: Lower highs astatine $2.856 and little lows astatine $2.83 found short-term bearish channel.
• Indicators: Momentum skewed bearish, with breakdown hazard toward $2.75–$2.70 if $2.82 fails.
What Traders Are Watching
• Can $2.77 enactment past a 2nd trial aft the flash crash?
• ETF flows: Will day-two request stabilize terms oregon corroborate a sell-the-news event?
• Whale wallet behaviour aft $812M moved during session.
• Fed’s complaint chopped way and its interaction connected dollar liquidity.
• BTC dominance astatine 57.7% — rotation unit connected altcoins apt persists.
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