XRP Tumbles 3% as Bitcoin’s Pullback Overshadows Record-Breaking ETF Launch

XRP takes a hit while Bitcoin's retreat steals the spotlight from what should've been a landmark moment for crypto ETFs.

The Ripple effect—literally

Bitcoin's sudden dip dragged XRP down with it, wiping out 3% of its value almost overnight. Just as the market was primed to celebrate the largest ETF launch in history, the old guard decided to flex its muscles and remind everyone who's still in charge.

Timing is everything—or nothing

You’d think a record ETF debut would inject some optimism, but not when Bitcoin decides to have a mood swing. The so-called 'digital gold' pulled back hard, and altcoins—as usual—got caught in the crossfire. XRP, positioned somewhere between a payment token and a perpetual court case, felt the burn more than most.

Finance never misses a chance to disappoint

Classic move—hype a breakthrough, then watch traditional volatility ruin the party. Maybe next time the suits on Wall Street will check Bitcoin’s horoscope before scheduling a landmark launch. Until then, it’s just another day in crypto—where even records get overshadowed by a bigger fish’s bad day.

News Background

• First U.S.-listed XRP ETF launched September 21, generating $37.7 million in day-one volume — the largest ETF debut of 2025.
• Federal Reserve policy easing remains in focus, with markets pricing near-certain September rate cuts that typically support digital assets.
• Analysts warn of structural consolidation despite ETF momentum, with resistance persisting NEAR $3.00.

Price Action Summary

• XRP fell 3.46% during the 24-hour period, collapsing from $3.01 to $2.91 before closing at $2.92.
• Midnight crash drove price from $2.973 to $2.910, unleashing 261.22 million in volume — quadruple daily averages.
• Liquidations totaled $7.93 million during the rout, with 90% hitting long positions.
• Final 60 minutes saw XRP rebound from $2.92 to $2.94, only to retreat back to $2.92, creating a resistance cluster at $2.93-$2.94.

Technical Analysis

• Trading range: $0.104 span representing 3.46% volatility between $3.014 high and $2.910 low.
• Resistance established at $2.98-$3.00 following high-volume rejection.
• Support zone formed at $2.91-$2.92, tested repeatedly after the crash.
• Consolidation emerged near $2.92 in final hour as XRP failed to hold above $2.93.
• Volume explosion of 261M confirms institutional selling wave dominating overnight flows.

What Traders Are Watching

• Can XRP reclaim and sustain closes above $3.00, or does resistance at $2.98-$3.00 cap upside?
• How secondary flows from the new ETF affect liquidity, given record-breaking day-one participation.
• Fed’s September rate decision and whether dovish policy sparks renewed crypto inflows.
• Exchange reserves at 12-month highs, signaling potential supply overhang despite institutional interest.