XRP Drops 5.72% Amid Key Support Level Concerns

XRP's latest price was $2.86, down 5.72% in the last 24 hours. Despite a series of favorable developments in recent weeks, XRP continues to face challenges in keeping pace with other leading digital assets. The cryptocurrency has struggled to generate strong momentum, with its performance remaining notably muted compared to other major altcoins. This lack of progress has drawn attention to its current support levels, which market observers consider decisive for the asset’s short-term direction.

Market analysts have emphasized that XRP’s ability to maintain the $2.8 support level is crucial. This price point represents the threshold between stability and significant downside risk. XRP tested this level repeatedly between August 19 and August 22, after which the asset experienced a sharp upward move, briefly reaching $3.1 before pulling back slightly. Now holding above key EMAs, momentum looks set for a push toward $3.1–$3.5. However, a decline below $2.8 could invalidate its recent recovery and expose it to deeper losses.

While some analysts remain cautious, others suggest that a fall below $2.8 would not necessarily end XRP’s prospects, provided it remains above $2.65. Price activity within this range is considered insignificant until the asset either climbs beyond $3.65 or falls below $2.65. Crossing either boundary would define the next phase of market movement. Additionally, strong liquidity between $3.1 and $3.7 has been identified as a potential launch point for a further rally, with projections extending above $4.2.

The debate among analysts highlights the importance of the $2.8 price region as a short-term benchmark for XRP. With XRP trading near $3 and struggling to match the growth of its peers, market participants are watching closely to see whether it can build on its recent rebound or face renewed downward pressure.

The U.S. Securities and Exchange Commission (SEC) has postponed its decision regarding multiple spot XRP Exchange-Traded Fund (ETF) filings until late October 2025. This delay includes the application from WisdomTree, following comprehensive evaluations involving several prominent industry entities. The SEC is known to take a cautious approach towards cryptocurrency ETFs, often citing the need for additional time to review proposed rule changes. This is consistent with past delays seen with Bitcoin and Ethereum ETF proposals.

Several major asset management companies are involved in these ETF filings. Notable among them are WisdomTree, Grayscale, 21Shares, Bitwise, Canary Capital, CoinShares, Franklin Templeton, and potentially REX-Osprey. These firms are established players in the financial sector, with a history of managing ETFs and digital assets. The involvement of these asset managers signals a strong interest in bringing a spot XRP ETF to market. Each entity brings a wealth of experience in either the traditional finance space or in managing digital asset funds.

The SEC’s decision to extend the review period might be a result of ongoing regulatory discussions aimed at refining the approach to cryptocurrency ETFs. Analysts estimate that the approval of a spot XRP ETF could lead to up to $8 billion in new institutional and retail inflows. This would significantly impact the cryptocurrency market, mirroring past reactions seen with Bitcoin and Ethereum ETFs. The anticipated approval of these ETFs may enhance investor demand not just for XRP, but potentially boost interest in other altcoins. These market dynamics would emulate the boosts seen previously with Bitcoin and Ethereum ETF launches.

Among the cryptocurrencies, XRP is the primary asset affected by this ongoing regulatory review process. It is expected that any decision on the ETFs could influence XRP’s market activity significantly. Historically, the SEC’s phased approach to ETF approvals for Bitcoin and Ethereum has recognized their impact on market dynamics. Previous approval cycles have been precursors to substantial market movements and liquidity shifts. The delay by the SEC indicates a strategic decision to extend the evaluation period. It aims to ensure that appropriate regulatory frameworks are in place to handle these ETF proposals. This timeline extension allows for additional input and regulatory alignment necessary for a comprehensive review process.

As the regulatory landscape for cryptocurrency evolves, asset managers and industry stakeholders remain optimistic. Market participants anticipate that the SEC’s eventual decisions could pave the way for similar ETF approvals in the future. Ripple’s lawsuit with the SEC has concluded, with a court ruling that XRP is not a security for secondary market transactions, a significant development for the cryptocurrency sector. This resolution provides regulatory clarity for XRP, potentially influencing future market dynamics.

Ripple’s leadership, including CEO Brad Garlinghouse, celebrated the settlement. The court’s decision impacts Ripple Labs and the broader market, marking a critical regulatory victory. A civil penalty of $125 million was also enforced against Ripple. The ruling clarifies XRP’s legal standing, affecting trading markets and investor confidence. The positive community reaction can potentially reshape digital asset perception. This may influence trading volumes and institutional interest in XRP and similar cryptocurrencies. Legal clarity on XRP will likely spark discussions on regulatory frameworks. The decision sets a precedent for secondary market classification of crypto assets. Ripple’s financial obligations may impact their operational strategy moving forward.

Despite the resolution, there’s no direct effect on Bitcoin or Ethereum stemming from this decision. The ruling specifically focused on XRP and did not address other major cryptocurrencies directly. The settlement may foster future regulatory conversations, potentially affecting financial, regulatory, or technological outcomes for digital assets. The legal distinction between secondary and institutional sales provides long-term market implications. Monitoring post-settlement market shifts will be essential.

Crypto exchange Gemini has introduced a new XRP Credit Card, offering users the ability to earn XRP as cashback on everyday purchases. This move strengthens the bridge between traditional finance and cryptocurrency adoption, especially for Ripple’s growing ecosystem. The credit card is part of Gemini’s broader initiative to push crypto deeper into mainstream financial tools. With this new offering, users can earn XRP directly rather than points or fiat cashback, making it an attractive option for crypto enthusiasts and XRP holders alike. Gemini’s XRP Credit Card will work like a typical credit card but with a unique twist—each purchase earns a percentage back in XRP, which is automatically deposited into the user’s Gemini wallet.

The launch of the XRP Credit Card is especially notable considering XRP’s increasing relevance in cross-border payments and its recent regulatory clarity in the U.S. Gemini’s decision to include XRP in their rewards program could signal growing confidence in the token’s long-term utility. By integrating XRP into everyday spending, Gemini not only boosts the token’s visibility but also makes crypto more accessible to non-technical users. It’s a significant step in normalizing crypto-based rewards in traditional finance. Users can apply for the credit card via the Gemini app or website. The card includes standard features like fraud protection and no annual fees, making it competitive with existing fiat-based credit cards.

The XRP Credit Card represents more than just another product—it reflects a shift in how cryptocurrencies are being woven into the fabric of daily life. Earning XRP while buying groceries or filling up your car makes crypto more tangible and functional, not just speculative. As more exchanges and fintech companies follow suit, we may see a wider range of crypto-reward cards hitting the market, offering users more choice and flexibility in how they engage with digital assets.

Ripple's planned acquisition of Hidden Road for $1.25 billion aims to enhance institutional integration within the XRP ecosystem. Rising transaction volumes on the XRP Ledger and strategic acquisitions suggest strengthening institutional support, potentially influencing XRP's short-term market dynamics and broader crypto sentiment. Ripple has announced a $1.25 billion acquisition of Hidden Road. This strategic move aims to enhance institutional liquidity and adoption rates for XRP. Ripple's leadership has remained bullish on XRP's long-term potential, citing utility as a key driver. Leading figures such as Brad Garlinghouse and David Schwartz have historically emphasized utility. The integration strategy focuses on deepening institutional channels to stabilize XRP prices. This acquisition reflects Ripple's commitment to expanding its impact.

The acquisition's immediate effects are evident in the ambitious push to integrate XRP into more institutional frameworks, aiming to solidify its position as a reliable asset for cross-border transactions and financial services. The regulatory landscape for XRP witnessed a pivotal shift following an August 2025 court ruling that formally classified XRP as a non-security. This clarification significantly eases the path for regulatory approval of exchange-traded funds (ETFs) directly tied to XRP. Market observers indicate a high probability, around 85%, of such ETF applications gaining approval based on prediction market activity.

Institutional participation in the XRP ecosystem is growing, evidenced by substantial capital allocations. Specific ETFs focusing on XRP, such as the Teucrium XRP ETF, have reported attracting well over $400 million, while the ProShares XRP ETF has raised over $100 million. These inflows underscore a trend of increasing institutional interest directly linked to the regulatory clarity achieved. A significant market event involved the recent movement of XRP tokens by institutions. Last week's rally abruptly halted when institutions reportedly unloaded a substantial amount of tokens valued at approximately $470 million. This large-scale distribution contributed to a pullback below the $3 threshold, with traders subsequently identifying key support levels to monitor. Concurrently, regulatory processes experienced delays concerning ETF approvals.

Technical analysis of XRP's recent market activity points to a consolidation phase near the $2.80–$3.10 region, accompanied by neutral RSI readings and lower trading volume. Market technicians note the formation of a symmetrical triangle pattern – a chart formation historically associated with significant breakouts. Previous instances of such breakouts in XRP's history have resulted in substantial rallies of 300% to 800%, though past performance is not indicative of future results.