XRP News Today: Launch of XRP ETF Unable to Halt Price Drop Amid Strong Selling Pressure
- Bitcoin fell below $93,000, erasing 2025 gains amid a broader crypto selloff, with XRP dropping 7% despite a new ETF's debut. - XRPC ETF generated $58.6M in volume but failed to sustain momentum, highlighting fragile risk appetite amid macroeconomic uncertainty. - XRP's price collapse triggered $28M in liquidations and 342% trading volume spikes, with on-chain data showing 110.5M tokens moved during the selloff. - Technical indicators showed bearish signals for Bitcoin and Ethereum , while market partici
On Tuesday, Bitcoin dropped beneath $93,000, wiping out its gains for 2025 and intensifying a late-year downturn that has unsettled both institutional investors and traders
The
Technical signals for Bitcoin also suggested continued weakness. Although the Relative Strength Index (RSI) briefly rebounded to 34 on the daily chart, the Moving Average Convergence Divergence (MACD) indicator remained bearish, with its blue line staying below the red signal line
The debut of the XRP ETF underscored a contradiction in the crypto space: institutional demand for regulated investment vehicles exists alongside speculative selling. Despite XRPC’s strong opening, XRP’s price movement confirmed a structural breakdown, with sellers defending the $2.29–$2.30 support area and previous resistance at $2.36, $2.40, and $2.47 now serving as overhead resistance
Opinions remain split regarding the long-term prospects. While
As
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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