XRP Price Today: XRP Dips Below $3 as Trading Volume and Open Interest Slide
The post XRP Price Today: XRP Dips Below $3 as Trading Volume and Open Interest Slide appeared on BitcoinEthereumNews.com.
XRP price today is under pressure as the token struggles to stay above $3, slipping to $2.98 amid falling trading volume and weak investor participation. This pullback comes as the crypto market faces a 1% drop in global market cap, signaling a broader risk-off mood. Despite short-term weakness, XRP remains up 3% over the past month, keeping mid-term bullish sentiment alive. XRP Faces Market-Wide Selloff The current XRP price briefly dropped from $3.04, breaking a key psychological level before stabilizing near the $2.98 support zone. CoinGlass data reveals that nearly $7.93 million in XRP positions were liquidated within the last 24 hours, with long traders bearing the majority of the losses. This created a 903% liquidation imbalance, highlighting how many market participants were caught off guard, expecting a breakout rally. XRP was trading at around $2.98, down 0.10% in the last 24 hours at press time. Source: XRP price via Brave New Coin This liquidation wave mirrors a broader trend across major cryptocurrencies. Ethereum led the market with over $61 million in long positions wiped out, while Bitcoin bulls saw $33.1 million in losses, signaling a synchronized risk-off sentiment across the market. XRP Trading Volume and Open Interest Decline XRP trading volume is down 28.6% to $3.83 billion, showing that investors are stepping back as they await clearer signals. Open interest in XRP futures has also dropped to $8.89 billion, pointing to waning speculative appetite. Analysts warn that low participation levels may leave XRP vulnerable to further price swings if selling pressure continues. Still, the XRP crypto price remains supported above $2.90, with the $2.83–$2.90 zone acting as a key demand area. A sustained hold here could provide bulls with a fresh base to attempt another push higher in the weeks ahead. Analysts Split on XRP Price Predictions When it…
Filed under: News - @ September 21, 2025 9:26 pm