XRP Plunges 6% as Bitcoin’s Tumble Crushes Crypto Optimism

Crypto markets reel as XRP takes a direct hit—down 6% in today's bloodbath.

Bitcoin's Slide Drags Everything Down

When BTC stumbles, altcoins faceplant. Today's selloff shows no mercy for digital assets across the board.

Sentiment Shifts From Bullish to Bearish

Traders scramble as optimism evaporates faster than a meme coin's utility. The 6% drop signals deeper market nerves.

Another day, another 'healthy correction' according to crypto bros—until their portfolios bleed red.

News Background

• XRP slid 5.83% over the Sept. 25–26 session, falling from $2.92 to $2.75 on heavy institutional selling.
• A sharp rejection at $2.80 during the 17:00 hour triggered a 276.77 million volume spike — more than 2.5x the 24-hour average.
• Despite SEC approval of the first U.S. XRP ETF, Optimism has been offset by Powell’s warnings on valuations and rising Treasury yields.
• Over the past week, XRP’s market value has contracted by $18.94 billion, down 10.22%, breaking below the $3.00 psychological threshold.

Price Action Summary

XRP traded between $2.92 and $2.74 — a 6.3% intraday range — before closing NEAR $2.75.
• Sellers dominated after $2.80 rejection on extreme volume, creating a distribution zone that capped further upside.
• Subsequent recovery attempts stalled around $2.81–$2.82, confirming fresh resistance clusters.
• Final hour saw a brief 1.09% bounce from $2.75 to $2.78, driven by concentrated flows between 00:50–00:57 on volumes above 3 million per candle.
• Short-term support is now seen at $2.75–$2.77, with downside risk toward $2.70 if breached.

Technical Analysis

• Range: $0.18 (6.3%) between $2.92 high and $2.74 low.
• Resistance: $2.80 initial rejection; $2.81–$2.82 clusters formed on failed retests.
• Support: $2.75 zone defended in late session; $2.70 psychological level next watch.
• Volume: 276.77M at 17:00 vs. 108.42M daily average.
• Pattern: High-volume rejection signals distribution. Short-term consolidation near $2.77 suggests indecision before next move.

What Traders Are Watching

• Whether $2.75 holds through Asia session or breaks toward $2.70.
• ETF optimism versus real money outflows — sell-the-news pattern remains in play.
• Whale flows after $800M in transfers over past week; positioning risk if selling resumes.
• Macro overhang: Powell’s hawkish tone, Treasury yields climbing, Fed cut expectations capped.