CoinDesk
Sep 22, 2025
5 0

XRP Falls 3.46% Amid Record $37.7M ETF Launch Volume

XRP experienced a 3.46% volatility between a high of $3.014 and a low of $2.910 from September 21 to 22. The fluctuation coincided with the launch of the first U.S.-listed XRP ETF, which achieved a record $37.7 million in opening-day volume.

News Background

  • First U.S.-listed XRP ETF launched on September 21, with $37.7 million in day-one volume.
  • Federal Reserve's potential rate cuts are anticipated to support digital assets.
  • Analysts caution about structural consolidation despite ETF launch momentum, with resistance near $3.00.

Price Action Summary

  • XRP dropped 3.46%, moving from $3.01 to $2.91 before closing at $2.92.
  • A midnight crash led to significant trading volumes, quadrupling daily averages.
  • Total liquidations reached $7.93 million, impacting primarily long positions.
  • Resistance formed at $2.93-$2.94 as final-hour movements failed to hold gains.

Technical Analysis

  • Trading range showed 3.46% volatility between $3.014 and $2.910.
  • Resistance is identified at $2.98-$3.00 after high-volume rejection.
  • Support zone established at $2.91-$2.92, tested multiple times post-crash.
  • Institutional selling dominated overnight trading, indicated by a volume surge of 261M.

What Traders Are Watching

  • Whether XRP can maintain levels above $3.00 against resistance at $2.98-$3.00.
  • The impact of secondary flows from the new ETF on market liquidity.
  • The Federal Reserve’s upcoming rate decision and its effect on crypto inflows.
  • Exchange reserves at yearly highs suggest a potential supply overhang despite institutional interest.