XRP News Today: XRP Falls Below $3.00 Amid Security Concerns and SEC Delays

XRP has retreated to a key support zone near $2.90 after falling below the $3.00 level, driven by a combination of security concerns and regulatory delays. A recent blockchain security audit ranked the XRP Ledger as the lowest among 15 evaluated blockchains, raising concerns that may have contributed to a decline in investor confidence. Additionally, the U.S. Securities and Exchange Commission (SEC) has delayed its rulings on several XRP ETF applications—including Nasdaq’s CoinShares filing—until October, adding further uncertainty to the market [1].

The price action over the past 24 hours has reflected this heightened anxiety, with XRP slipping from $3.02 to $2.90 between August 19 at 06:00 and August 20 at 05:00. The most significant drop occurred between 13:00 and 15:00 on August 19, when the price fell from $3.04 to $2.93. Trading volume spiked during this period, reaching 137.18 million in the 14:00 hour—nearly double the daily average of 71.23 million. The price showed multiple defenses in the $2.85–$2.88 range overnight before stabilizing near $2.89–$2.90 in the final hour [1].

Technically, the $3.04 level has acted as a confirmed resistance point, with the price being rejected in a volume-driven manner. The $2.85–$2.88 range has emerged as a strong support zone, supported by repeated buying interest. The consolidation seen near $2.89–$2.90 suggests a temporary balance, indicating that immediate selling pressure may be exhausting. This volume surge is also interpreted as evidence of institutional repositioning [1].

Traders are now closely monitoring several key indicators. One is whether the $3.00 level will function as a support or continue to serve as a barrier. A retest of this level could determine the broader sentiment around XRP. Another focus is on the institutional flow at $2.85–$2.88 to assess whether this range can form a stable base for further price action. Additionally, the outcome of the SEC’s rulings in October is expected to be a major volatility driver in the medium term [1].

The security rankings also play a critical role in shaping the market’s perception of XRP. While ETF approval could provide a tailwind for the asset, the poor security evaluation introduces potential headwinds. If the SEC were to approve an XRP ETF in October, it could still face challenges if institutional investors remain hesitant due to the recent audit results [1].

As the market consolidates around the $2.90 support zone, the interplay between regulatory developments and security concerns will likely dictate the near-term trajectory of XRP. The delay in ETF approvals has created an environment of uncertainty, and the asset’s ability to hold its support level will be a key signal for market participants [1].

Source: [1] XRP Pushed Into $2.90 Support Zone Amid ETF Delays, Poor Security Rankings (https://www.coindesk.com/markets/2025/08/20/xrp-pushed-into-usd2-90-support-zone-amid-etf-delays-poor-security-rankings)