“Institute Selloff Overwhelms Early etf Optimism, Leaving XRP Range-Bound Near $ 2.83 with Technical Breakdown Signals Flashing.”, – WRITE: www.coindesk.com
The Sell-The-News Dynamic Erassed $ 11 Billion in Market Value and Left The Token Fighting to Defend Critical $ 2.77 Support.
News Background• Inaugural US XRP ETF (Rex-Osprey) Posted Record $ 37.7 Million First-Day Volume, The Largest Etf Launch of 2025.
• Whale Wallets Moved $ 812 Million in Tokens Between Unknown Addresses Durying The session.
• Crypto Derivatives SAW $ 1.7 Billion in Liquidations, with 90% Coming from Long Positions.
• Fed Policy Pivot Looms: September Inflation Cooled to 2.18%, with Markets Prting A 50 BPS Cut Before Year-End.
• Bitcoin Dominance Surged to 57.7% AS Capital Rotated Away from Altcoins.
Price Action Summary• XRP Crashed from $ 2.87 to $ 2.77 in A 24-Hour Span (SEP 22 03: 00-SEP 23 02:00 GMT), A 4.9% Drop Across A $ 0.14 Range.
• Flash Crash at 06:00 GMT SAW PRICE PLUNGE from $ 2.87 to $ 2.77 on 656.1m Volume (6x Daily AVG OF 105M).
• Resistance Harded at $ 2.87 Durying Repeated Intrady Reject.
• Recovery peaked at $ 2.86 by 13:00 GMT Before Stalling.
• Afternoon Consolidation Held $ 2.83– $ 2.87 Before Seleners Reganed Control.
• Final Hour Decline took Price from $ 2.85 to $ 2.83 (-0.7%), Leaving XRP at $ 2.83 Close.
Technical Analysis• Support: $ 2.77 Critical Floor from Flash Crash; Secondary Level $ 2.82 Flagged For Retst.
• Resistance: Heavy Supply Zone at $ 2.87, With Lower Highs Forming Downtrend Channel.
• Volume: 656.1m in crash vs 105m Avg Confirms Institutional Dumping.
• Trend: Lower Highs at $ 2.856 and Lower Lows at $ 2.83 Establish Short-Term Bearish Channel.
• Indicators: Momentum Skewed Bearish, With Breakdown Risk Toward $ 2.75– $ 2.70 IF $ 2.82 Fails.
What Traders Are Watching• Can $ 2.77 Support Survive A Second Test After The Flash Crash?
• ETF Flows: Will Day-Two Demand Stabilize Price or Confirm A Sell-The-News Event?
• WHALE WALLET BEHAVIOR AFTER $ 812M MOVED DURING SESSION.
• Fed’s Rate Cut Path and Its Impact On Dollar Liquidity.
• BTC Dominance AT 57.7% – Rotation Pressure on Altcoins Likely Perses.
Korean Air Will Use Swedish Depin Startup Wingbits’ Encrypted Flight-Tracking Data for Research Into Advanced Air Mobility, Validating The Crypto-Powered Network’s Aviation
- Korean Air Has Partnered with Wingbits to integrate Real-Time Ads-B Data Into Its Air Traffic Coordination System, Enhance ITS R&D Capabilites.
- WingBits’ Decentralized Network Incentivizes Data Contributors with Tokens, Aiming to Improve Coverage and Support The Future of Urban Air Mobility.
- Bitcoin and Ethereum prices are struggling despite significant etf inflows, While Gold Trades at Record Highs Amid Economic Uncertain.
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