XRP’s sharp pullback over the past day has surprised traders and stirred debate about its next move. After briefly testing fresh highs, the token reversed course and fell quickly, prompting questions about whether its longer-term uptrend is in danger or if this is only a temporary setback. Analyzing market forces, technical charts, and trader sentiment provides insight into the cause of the drop and potential implications for the future. Profit-Taking and Market Headwinds One major factor was profit-taking by large investors. Following a strong summer rally and excitement around the new U.S.-listed XRP exchange-traded fund , institutional holders used the push toward the $3.00 level to lock in gains, unleashing heavy selling pressure. Broader conditions were added to the slide. Risk assets across global markets have wavered as traders digest shifting U.S. interest-rate expectations and persistent economic uncertainty, putting the entire crypto sector on the defensive. WARNING: THIS IS WHY #XRP DUMPED… pic.twitter.com/mUe80qWemo — STEPH IS CRYPTO (@Steph_iscrypto) September 23, 2025 Technical Breakdown at Key Levels Technical signals then accelerated the move. In a detailed market update, Steph Is Crypto explained that XRP’s attempt to break out of a falling-wedge pattern ended in a “fakeout,” sending the price back into consolidation. He noted that while XRP still shows a long-term pattern of higher highs and higher lows, it is now testing critical support between $2.85 and $2.90. A daily close below that range could trigger a deeper slide toward the $2.60 area. We are on X, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) June 15, 2025 Steph also highlighted that XRP briefly dropped beneath its daily EMA ribbons, a sign of weakening short-term momentum. A sustained rebound above $3.00 to $3.10 would be needed to confirm that bullish strength has returned . Sentiment and the Road Ahead Market mood is equally cautious. The widely watched Crypto Fear & Greed Index has slipped into “fear,” reflecting traders’ anxiety about further losses. Yet periods of fear can also present attractive entry points for long-term investors if key supports hold. Steph Is Crypto stressed that the broader bullish structure remains intact unless XRP closes decisively below about $2.65, which would break its higher-high, higher-low pattern. Until then, he views the recent drop as a healthy correction within an ongoing uptrend. With profit-taking, macro uncertainty, and technical resistance converging, XRP now sits at a crucial crossroads. Traders are watching the $3.00 ceiling and the $2.85 floor as the levels most likely to determine whether the next decisive move is a recovery or a deeper decline. Disclaimer : This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses. Follow us on Twitter , Facebook , Telegram , and Google News The post Here’s Why XRP Price Dumped Recently appeared first on Times Tabloid .
