XRP Tumbles 3% as Bitcoin’s Pullback Overshadows Historic 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 turns sour
Just as the market prepared to celebrate the biggest ETF launch in history, Bitcoin decided to rain on the parade—dragging XRP down with it. The digital asset slipped 3% while everyone's eyes glued to BTC's sudden downturn.
Timing is everything—except when it's not
Record-breaking ETF debut? Check. Institutional interest at an all-time high? Check. Bitcoin choosing exactly that moment to pull back? Classic crypto. XRP got caught in the crossfire, proving once again that in crypto, even the best news can get overshadowed by Bitcoin's mood swings.
Another day, another reminder that when Bitcoin sneezes, the whole market catches a cold—even during what should be milestone moments. Maybe next time, Wall Street.
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.
