XRP ETF Fails to Bump Bulls as Ripple-Linked Token Plunges 7.3% Amid BTC Selloff

Brutal selloff breaks the psychological $2.30 floor, erasing recent gains as distribution overwhelms historic XRPC debut.

News Background

• XRP’s worst intraday decline in weeks coincided with a major industry milestone: the launch of the first US spot XRP ETF, Canary Capital’s XRPC, now officially effective on Nasdaq at 5:30 PM ET.
• The listing marks a turning point for institutional XRP access, but the debut came as the broader crypto markets extended their medium-term downtrend.
• The feeling stuck fear amid persistent macro risk flows.
• Analysts including FxPro’s Alex Kuptsikevich warn that crypto conditions still look like “a short-term rebound in a larger decline,” with the market structure vulnerable to deeper pullbacks.
• Large cap token flows echo that caution, and data on XRP’s chain showed 110.5 million tokens moved between unknown wallets in the hours surrounding the breach, amplifying uncertainty during peak volatility.

Price Action Summary

• XRP collapsed 7.3% from $2.48 to $2.30 over the 24-hour session, slicing through high support levels at $2.46, $2.40 and $2.36.
• The decline spanned a violence of $0.23, with 157.9M XRP traded – 46% above the 24-hour average.
• The core split unfolded during a four-minute liquidation cascade from 04:32 to 04:35 UTC, when the price fell from $2,313 to $2,295 on 6.6M XRP volume – 254% above the base.
• The one-minute spike of 4.06M at 04:32 marked the selling climax of the session. Liquidity evaporated briefly as trading flatline between 04:35-04:36, indicating a halted order flow or a severe dilution of the books.
• Attempts to stabilize above $2.31 failed, and XRP settled in a tight consolidation near $2.30-$2.32.

Technical analysis

The session confirmed a complete technical breakdown with obvious structural damage:

Support/Resistance:
• $2.29 – $2.30 becomes a primary support after the violation of the psychological plan
• Older support to $2.36, $2.40and $2.47 it now acts as stacked resistance
• Invalidation for bulls requires a decisive recognition of $2.36

Volume profile:
• Total session volume 157.9 m (+46%) confirms the distribution of institutional quality
• Breakdown sequence shown 254% hourly volume spike, typical of movements driven by liquidation
• No significant recovery volume appeared during post-crash consolidation

Chart structure:
• The descending triangle support failed decisively, killing the early reversal setup
• New low range forming between $2.29 – $2.33
• Breakdown aligns with medium-term downtrend in broader crypto indices

Momentum Indicators:
• Oversold emerging intraday signals, but no confirmation of trend reversal
• Breakdown occurred under key EMAs; 50D/200D cross continues to slope bearishly

What traders should watch

XRP is now at a pivotal inflection point:

• Holding $2.29 is essential – failure exposes a fast movement in the $2.00 – $2.20 demand area
• Any recovery must first recover $2.36 before the bulls regain technical control
• ETF inflows will be the next volatility catalyst; Early XRPC volume during market opening will indicate whether institutions are treating the listing as an accumulation opportunity or a liquidity event
• On-chain flows around the 110.5M XRP Whale transfers remain a wildcard – exchange rate inflows confirm additional downside risk
• Sentiment remains fragile through majors; Beta-sensitive assets like XRP will respond disproportionately to broader market weakness