The post Ripple Drops 3% as BTC Pullback Dampens Sentiment appeared on BitcoinEthereumNews.com.

XRP endured a volatile 24-hour session from September 21 at 03:00 to September 22 at 02:00, swinging 3.46% between a $3.014 high and $2.910 low. The selloff coincided with the debut of the first U.S.-listed XRP ETF, which set records with $37.7 million in opening-day volume, but institutional profit-taking overwhelmed the bullish catalyst. 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. Source: https://www.coindesk.com/markets/2025/09/22/xrp-slides-3-as-bitcoin-pullback-overshadows-record-etf-launch

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Filed under: News - @ September 22, 2025 4:25 am