XRP faced significant selling pressure on September 25, with its attempt to surpass $2.90 failing as a $277 million volume surge drove prices down to $2.75.
This downward movement eliminated over $18 billion in market capitalization within the past week and established new resistance at $2.80, prompting traders to monitor the $2.70 support level closely.
Market Overview
• XRP declined 5.83% during the September 25-26 trading session, moving from $2.92 to $2.75 amid substantial institutional selling
• A sharp price rejection at $2.80 triggered a 276.77 million volume spike—more than double the 24-hour average
• Despite SEC approval of the first U.S. XRP ETF, positive sentiment was countered by Federal Reserve warnings and rising Treasury yields
• XRP's market value decreased by $18.94 billion (10.22%) weekly, falling below the psychological $3.00 threshold
Trading Analysis
XRP traded between $2.92 and $2.74—a 6.3% daily range—before settling near $2.75
• Selling pressure intensified after the $2.80 rejection, creating distribution patterns that limited upward movement
• Recovery attempts stalled at $2.81-$2.82, confirming new resistance zones
• A final-hour bounce of 1.09% from $2.75 to $2.78 occurred due to concentrated trading activity
• Immediate support resides at $2.75-$2.77, with potential downside to $2.70 if broken
Technical Perspective
• Trading Range: $0.18 (6.3%) between $2.92 high and $2.74 low
• Resistance Levels: $2.80 initial rejection; $2.81-$2.82 resistance clusters
• Support Levels: $2.75 defense zone; $2.70 psychological level
• Volume Analysis: 276.77M spike versus 108.42M daily average
• Market Pattern: High-volume rejection indicates distribution; consolidation near $2.77 suggests pending directional movement
Market Focus
• $2.75 support level sustainability during Asian trading hours
• ETF approval optimism versus actual capital outflows
• Large whale movements following $800M in recent transfers
• Macroeconomic factors including Fed policy and Treasury yield increases