Crypto Market Correction: XRP Drops 4%, Bitcoin and Ethereum Slide in September Sell-Off

Digital assets face September pressure as major cryptocurrencies retreat from recent highs.

Market Moves

XRP leads the downturn with a 4% decline, while Bitcoin and Ethereum both show significant pullbacks during traditional market volatility. The sell-off reflects broader risk-off sentiment across global markets.

Technical Perspective

Seasonal patterns often bring September challenges for risk assets. This correction follows substantial gains earlier in the quarter, creating natural profit-taking opportunities for traders.

Long-term Outlook

Market veterans see these dips as healthy consolidation phases. The fundamental adoption narrative remains intact despite short-term price fluctuations.

Traditional finance analysts suddenly remember volatility exists—right after claiming crypto was 'too unstable' while their own portfolios swing 2% on Fed meeting minutes.

In the past 24 hours, the global crypto market cap slipped 2.76% to $3.75 trillion as selling pressure weighed heavily across major assets. Bitcoin fell 2.75% to trade near $109,370, while Ethereum lost 2.30%, holding just below $4,000. XRP led declines among top altcoins with a sharp 4.33% drop to $2.75, followed by BNB sliding 5.56% and Solana shedding 5.14% to $196. The downturn also hit Dogecoin, down 3.71%, and Cardano, down 2.67%. 

Understanding The Market Sentiment

Bitcoin Under Pressure

Bitcoin has slipped below $110,000, raising questions about whether the market is entering a deeper correction. On the daily chart, the Relative Strength Index (RSI) is approaching oversold levels. Analysts said that this is part of the natural market cycle where prices swing between overbought and oversold zones.

A sharp recovery above $118,000 WOULD confirm the start of a new bullish cycle. Until then, downside risks remain.

Bears in Control

For several weeks, the weekly MACD has signaled bearish momentum. This shows sellers remain in control for now. September has historically been a weak month for Bitcoin. While cycles can vary, the current correction fits within a broader seasonal trend. Earlier this year, Bitcoin defied expectations by setting a record high of $124,000 in August. Normally, summer months are slow, but this cycle was different due to external shocks like the tariff crash.

Whales, Sentiment, and Patience

Corrections often lead to fear, boredom, and frustration among investors. Analysts argue that large market players use these conditions to shake out weaker hands. Despite the short-term pain, the macro thesis remains intact. Oversold conditions could pave the way for a strong rebound later this year.