NewsBTC
26 September 2025
7 0

XRP Drops 6% While Maxi Doge Presale Reaches $2.5M

XRP Market Update

  • XRP decreased by 6% over the past week, failing to surpass the $2.80 mark, leading to an $18B loss in value due to significant selling pressure.
  • The critical support level is at $2.75; failure to maintain it could result in a drop to $2.70, reinforcing bearish sentiment.
  • Despite its recent inclusion in the Hashdex Nasdaq Crypto Index US ETF alongside Bitcoin, Ether, Solana, and Stellar, XRP remains under pressure.
  • Potential bullish factors for Q4 2025 include Ripple's stablecoin RLUSD, banking status application, and pending SEC approval for multiple XRP ETFs.
  • Overall market downturn influenced by Bitcoin's 7% decline from $117,000 to $108,776, impacting XRP's performance.

XRP ETF filings with the SEC as of April 8

Market Outlook

  • Expectations for a bull market in October driven by possible FOMC rate cut.
  • Potential for XRP to reach a new all-time high (ATH).

Bitcoin Influence

  • Bitcoin's price decline has broadly affected crypto markets, contributing to XRP's current bearish trend.