“The Token Has Lost $ 19 Billion in Value Over Seven Days As Resistance at $ 2.80 Hardens.”, – WRITE: www.coindesk.com
The Move Erassed More Than $ 18 Billion in Market Value Over The Past Week and ConfirMed Fresh Resistance at $ 2.80, Leaving Traders Bracing for a Test of $ 2.70 Support.
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 Reject at $ 2.80 Durying The 17:00 Hour Trigger A 276.77 Million Volume Spike-More Than 2.5x The 24-Hour AVERAGE.
• Despite Sec Approval of the First US 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 Threshald.
Price Action SummaryXRP Traded Between $ 2.92 and $ 2.74 – A 6.3% INTRADAY RANGE – BEFORE CLOSING NEAR $ 2.75.
• Sellers Dominated After $ 2.80 Reject on Extreme Volume, Creating A Distribution Zone Capped Further Upside.
• Subsequent Recovery Attemps Stalled Around $ 2.81– $ 2.82, Confirming Fresh Resistance Clusters.
• Final Hour Saw A Brief 1.09% Bounnce from $ 2.75 to $ 2.78, Driven by Concentrated Flows Between 00: 50-00: 57 On Volumes Above 3 Million Per Candle.
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Technical Analysis
• Range: $ 0.18 (6.3%) Between $ 2.92 High and $ 2.74 Low.
• Resistance: $ 2.80 Initial Reject; $ 2.81– $ 2.82 Clusters ForMed On Failed Retests.
• Support: $ 2.75 Zone Defended in Late Session; $ 2.70 Psychologic Level Next Watch.
• Volume: 276.77m AT 17:00 Vs. 108.42m Daily Average.
• Pattern: High-Volume Reject Signals Distribution. Short-Term Consolidation Near $ 2.77 Suggests Indecision Before Next Move.
What Traders Are Watching
• WHETHER $ 2.75 HOLDS THRUGH 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.
Combined Spot and Derivatives Trading on Centralized Exchanges Surged 7.58% to $ 9.72 Trillion in August, Marking The Highest Monthly Volume of 2025
- Combined Spot and Derivatives Trading on Centralized Exchanges Surged 7.58% to $ 9.72 Trillion in August, Marking The Highest Monthly Volume of 2025
- Gate Exchange Emerged As Major Player With 98.9% Volume Surge to $ 746 Billion, Overtaking Bitget to Become Fourth-Largest Platform
- Open Interest Across Centralized Derivatives Exchanges Rose 4.92% to $ 187 Billion
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Strategy (Mstr) Plunged as Much As 10% and is Now Lower Year-To-Date.
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- The Selloff Trigered Over $ 1.1 Billion in Liquidations Across Levered Derivatives Trading Positions, With Eth Longs Leading at Over $ 400 Million, CoingLes Data Shows.
- Crypto Equities, Including Michael Saylor’s Strategy, Saw Steep Losses, with Mstr Droping as Much As 10% to a Five-Month Low.
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