by Coinstrooper Crypto Articles
Quick Take
  • 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.
  • 108.42M daily average.• Pattern: High-volume rejection signals distribution.
  • Short-term consolidation near $2.77 suggests indecision before next move.

What Happened

News Background

Technical Analysis

What Traders Are Watching

Market Context

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.

• 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.

• 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.

• 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.