XRP’s push over $ 2.90 collapsed during heavy sales on September 25, with a $ 277 million volume cock hammering the price back to $ 2.75.
The move deleted more than $ 18 billion in market value over the past week and confirmed fresh resistance to $ 2.80, leaving merchant stiffening to a $ 2.70 support test.
News Background
• XRP slipped 5.83% over 25-26 September session and fell from $ 2.92 to $ 2.75 on heavy institutional sales.
• A sharp rejection of $ 2.80 over 17:00 hours triggered a 276.77 million volume-more than 2.5x the 24-hour average.
• Despite the SEC approval of the first US XRP ETF, optimism has been offset by Powell’s warnings about valuation and rising treasury yields.
• Over the past week, XRP’s market value has contracted with $ 18.94 billion, dropped 10.22%and broken under $ 3.00 psychological threshold.
Summary of Price Action
XRP traded between $ 2.92 and $ 2.74 – a 6.3% intraday area – before closing almost $ 2.75.
• Sellers dominated after $ 2.80 rejection on extreme volume and created a distribution zone that limited further upwards.
• Subsequent recovery attempts stopped around $ 2.81- $ 2.82, confirming fresh resistance clusters.
• Final hour was a short 1.09% rejection from $ 2.75 to $ 2.78, powered by concentrated currents between 00: 50-00: 57 of quantities over 3 million per year. Light.
• Short -term support is now seen at $ 2.75- $ 2.77 with downward risk of $ 2.70 if breached.
Technical analysis
• Area: $ 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 gene test.
• Support: $ 2.75 zone defense in the late session; $ 2.70 Psychological Level Next Clock.
• Volume: 276.77 m at. 17:00 against 108.42 m the daily average.
• Pattern: Distribution of high volume rejection signals. Short -term consolidation near $ 2.77 suggests indecision before the next movement.
Which dealers are looking at
• Whether $ 2.75 applies through Asia or breaks against $ 2.70.
• ETF optimism versus real money outflow-sales-News pattern remains in play.
• Whale flows after $ 800 million. In transfers over the past week; Location risk if the sale of resumes.
• Macro Overlang: Powell’s Hawkish tone, the Treasury gives climbing, bold cut -expectations uncovered.
