“The Token Hovered Near $ 3.00 for MOST OF THE DAY BEFORE A MIDNIGHT CRASH ERRASED SUPPORT, PLUNGING 2% ON A RECORD 261.22 Million Volume Spike.”, – WRITE: www.coindesk.com
The Selloff Coincides of the Debut of the FIRST US-LISTED XRP ETF, WHICH SET RECORDS WITH $ 37.7 Million in Opening-Day Volume, But Institctional Profit-Taking Overwhalized The Bull-Taking.
News Background• FIRST US-LISTED XRP ETF LAUNCHED September 21, Generation $ 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 Persting Near $ 3.00.
Price Action Summary• Xrp Fell 3.46% Durying 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 Aves.
• 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 Establissed at $ 2.98- $ 3.00 Following High-Volume Reject.
• 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 Overshnight 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 Supple Overhang Despite Institutional Interest.
Impending Federal Reserve Speeches and the UpcomING PCE REPORT COURT ADD TO Market Volatility.
- Bitcoin Shows Bearish Signs with An Indecisive Doji Candle at A Critical Resistance, Indicating Hesitation Among Bulls As The Dollar Index Chalks Out A Bullish Pattern atte.
- Eth’s Contracting Price Range Has Resolved Bearishly.
- Xrp’s Macd Has Turned Bearish on the Weekly Chart.
- Impending Fed Speak and PCE Release Could Add to Market Volatility.
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