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XRP Slides 6% as Bitcoin Drop Slashes Bullish Sentiment
The token has lost $19 billion in value over seven days as resistance at $2.80 hardens.
Updated Sep 26, 2025, 2:13 a.m. Published Sep 26, 2025, 2:12 a.m.
What to know:
- XRP's price fell sharply from $2.92 to $2.75 due to heavy institutional selling.
- The market value of XRP decreased by over $18 billion in the past week, breaking below the $3.00 threshold.
- Traders are closely watching if XRP's support at $2.75 will hold or if it will fall towards $2.70.
XRP’s push above $2.90 collapsed under heavy selling on Sept. 25, with a $277 million volume spike hammering price back to $2.75.
The move erased 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.
STORY CONTINUES BELOW
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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 rejection at $2.80 during the 17:00 hour triggered a 276.77 million volume spike — more than 2.5x the 24-hour average.
• Despite SEC approval of the first U.S. 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 threshold.
Price Action Summary
XRP traded between $2.92 and $2.74 — a 6.3% intraday range — before closing near $2.75.
• Sellers dominated after $2.80 rejection on extreme volume, creating a distribution zone that capped further upside.
• Subsequent recovery attempts stalled around $2.81–$2.82, confirming fresh resistance clusters.
• Final hour saw a brief 1.09% bounce from $2.75 to $2.78, driven by concentrated flows between 00:50–00:57 on volumes above 3 million per candle.
• Short-term support is now seen at $2.75–$2.77, with downside risk toward $2.70 if breached.
Technical Analysis
• Range: $0.18 (6.3%) between $2.92 high and $2.74 low.
• Resistance: $2.80 initial rejection; $2.81–$2.82 clusters formed on failed retests.
• Support: $2.75 zone defended in late session; $2.70 psychological level next watch.
• Volume: 276.77M at 17:00 vs. 108.42M daily average.
• Pattern: High-volume rejection signals distribution. Short-term consolidation near $2.77 suggests indecision before next move.
What Traders Are Watching
• Whether $2.75 holds through 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.
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