XRP endured a fleeting 24-hour session from September 21 at 1 p.m. 03:00 to 22 September at. 02:00, which swung 3.46% between a $ 3,014 high and $ 2,910 low.
The sale coincided with the debut of the first US-listed XRP ETF, which set records with $ 37.7 million in opening day’s volume, but institutional profits overwhelmed the bullish catalyst.
News Background
• First US -noted XRP ETF launched September 21, generating $ 37.7 million in day-a-bind-the largest ETF debut in 2025.
• Federal Reserve Politics Relief remains in focus, with markets that prices near reduced September frequency cuts that typically support digital assets.
• Analysts warn of structural consolidation despite ETF Momentum, with resistance persistent near $ 3.00.
Summary of Price Action
• XRP dropped 3.46% in the 24-hour period and collapsed from $ 3.01 to $ 2.91 before closing at $ 2.92.
• Midnight Crash ran price from $ 2,973 to $ 2,910, and released 261.22 million in volume – quadrupled daily average.
• Liquidations amounted to $ 7.93 million during the route, 90% hit long positions.
• Final 60 minutes rebound from $ 2.92 to $ 2.94, only to retreat to $ 2.92, creating a resistance cluster for $ 2.93- $ 2.94.
Technical analysis
• Trade area: $ 0.104 span representing 3.46% volatility between $ 3,014 high and $ 2,910 low.
• Resistance established at $ 2.98- $ 3.00 after rejection with high volume.
• Support zone formed at $ 2.91- $ 2.92, tested repeatedly after the crash.
• Consolidation occurred near $ 2.92 in the last hour as the XRP did not have over $ 2.93.
• Volume explosion of 261 m confirms institutional sale of wave that dominates overnight flows.
Which dealers are looking at
• Can XRP recover and maintain closes over $ 3.00, or has resistance to $ 2.98- $ 3.00 cap on the head?
• How secondary currents from the new ETF affect liquidity considering record-breaking day-a-participation.
• Fed’s September rate decision, and on the Dovish policy sparks renewed crypto inflow.
• Exchange reserves at 12-month heights that signalize potential supply overhangs despite institutional interest.
