XRP News Today: XRP Slides Below $3 as ETF Uncertainty Weighs on Investor Sentiment

The XRP token currently faces critical technical pressure as its price has slipped below the key $3 support level, raising concerns about a potential deeper correction toward $2.24. Market analysts warn that failure to reclaim this level could trigger a sell-off similar to the 50% decline seen earlier in the year after a similar break below $3 in January [1]. The recent drop has come after a 5% decline over the past 24 hours, pushing the price to $2.97.

The last time XRP closed beneath $3 with high volume, it preceded a significant price decline to $1.61 by April. Technical indicators suggest that if the current downward trend continues, the next potential support areas lie between $2.94 and $2.72, with a deeper correction possibly testing $2.45 and ultimately reaching $2.24, the level where the recent rally began [1]. Chart analysis reveals that the token has broken below a symmetrical triangle on the daily candlestick chart, with a failure to close above $3 signaling further downward risk. The relative strength index (RSI) has also declined from 61 to 45 over the past week, indicating that buying pressure is weakening.

Amid these technical concerns, the broader market is closely watching developments related to potential XRP exchange-traded funds (ETFs). In a resurfaced interview from October 2024, Ripple CEO Brad Garlinghouse discussed the inevitability of XRP ETFs, drawing comparisons to the rapid success of Bitcoin ETFs, which saw $17 billion in inflows shortly after their U.S. launch in January 2024 [1]. Garlinghouse noted that multiple XRP ETF applications were already in progress at the time and expressed confidence in the expansion of ETFs beyond Bitcoin and Ethereum. He also highlighted the potential for “basket” ETFs that hold multiple tokens, a format that could attract institutional demand and provide broader support for tokens like XRP.

As of August 2025, several XRP ETF applications remain under review by the U.S. Securities and Exchange Commission (SEC), including proposals from firms such as Bitwise, Grayscale, 21Shares, Canary Capital, WisdomTree, and Fidelity. While speculation about a potential BlackRock XRP ETF has intensified, no official application has been confirmed [1]. Legal experts note that the approval process for token-linked ETFs is often delayed, with the SEC citing the need for further market impact analysis and investor protection measures. Approval timing remains uncertain, as it could be influenced by regulatory priorities under the current administration.

Market analysts observe that ETF speculation has historically impacted XRP’s price, but actual price movement will depend on regulatory approval and investor demand once such products launch. At present, the token appears more influenced by regulatory developments than by traditional technical analysis. Sustained institutional interest could set a precedent for broader market growth, but without confirmed approval dates, the effects on XRP’s trading volumes and valuation remain speculative [1].

Notably, 94% of the XRP supply is currently in profit, a level historically associated with price tops. Investors are now closely monitoring whether the token can stabilize above $3 or if further correction is imminent [1]. The market remains in a state of cautious anticipation, with XRP ETFs seen as a potential catalyst for renewed momentum, though regulatory uncertainty continues to weigh on investor sentiment.

Source: [1] title: XRP (XRP) Price: Token Must Reclaim $3 to Avoid Deeper Fall to $2.24 Level (https://blockonomi.com/xrp-xrp-price-token-must-reclaim-3-to-avoid-deeper-fall-to-2-24-level/)