2 hours ago
XRP endured a volatile 24-hour league from September 21 astatine 03:00 to September 22 astatine 02:00, swinging 3.46% betwixt a $3.014 precocious and $2.910 low.
The selloff coincided with the debut of the archetypal U.S.-listed XRP ETF, which acceptable records with $37.7 cardinal successful opening-day volume, but organization profit-taking overwhelmed the bullish catalyst.
News Background
• First U.S.-listed XRP ETF launched September 21, generating $37.7 cardinal successful day-one measurement — the largest ETF debut of 2025.
• Federal Reserve argumentation easing remains successful focus, with markets pricing near-certain September complaint cuts that typically enactment integer assets.
• Analysts pass of structural consolidation contempt ETF momentum, with absorption persisting adjacent $3.00.
Price Action Summary
• XRP fell 3.46% during the 24-hour period, collapsing from $3.01 to $2.91 earlier closing astatine $2.92.
• Midnight clang drove terms from $2.973 to $2.910, unleashing 261.22 cardinal successful measurement — quadruple regular averages.
• Liquidations totaled $7.93 cardinal during the rout, with 90% hitting agelong positions.
• Final 60 minutes saw XRP rebound from $2.92 to $2.94, lone to retreat backmost to $2.92, creating a absorption clump astatine $2.93-$2.94.
Technical Analysis
• Trading range: $0.104 span representing 3.46% volatility betwixt $3.014 precocious and $2.910 low.
• Resistance established astatine $2.98-$3.00 pursuing high-volume rejection.
• Support portion formed astatine $2.91-$2.92, tested repeatedly aft the crash.
• Consolidation emerged adjacent $2.92 successful last hr arsenic XRP failed to clasp supra $2.93.
• Volume detonation of 261M confirms organization selling question dominating overnight flows.
What Traders Are Watching
• Can XRP reclaim and prolong closes supra $3.00, oregon does absorption astatine $2.98-$3.00 headdress upside?
• How secondary flows from the caller ETF impact liquidity, fixed record-breaking day-one participation.
• Fed’s September complaint determination and whether dovish argumentation sparks renewed crypto inflows.
• Exchange reserves astatine 12-month highs, signaling imaginable proviso overhang contempt organization interest.
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