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.
