XRP ETF Debut Breaks Records but Price Slips Below $3

The launch of the first US-listed XRP ETF could have been a milestone for the cryptocurrency. Instead, the price came under pressure: Within 24 hours, XRP lost around 3.5 percent of its value, falling from $3.01 to a daily low of $2.91. A particularly notable crash at midnight was a trading volume of over 261 million XRP, four times its usual volume.

XRP ETF launch sets records – and profit-taking

On September 21st, the first XRP ETF launched in the US and, with $37.7 million in first-day trading, recorded the strongest ETF debut of 2025 so far. Nevertheless, institutional investors apparently used the opportunity primarily to take profits. Instead of further upside potential, a sell-off ensued, significantly pushing the price down in the short term.

Technical brands in focus

Technically, the zone between $2.98 and $3.00 currently represents a massive hurdle. Several attempts to recapture this level have failed due to high selling pressure.

On the downside, however, a support zone is forming between $2.91 and $2.92. Traders are watching to see whether this area can be defended sustainably or whether further declines are imminent.

Market environment: Fed decision on XRP ETF approaches

In addition to the ETF euphoria, US monetary policy is also playing a crucial role. Many market participants expect the US Federal Reserve to cut interest rates in September.

Such steps are generally considered a positive stimulus for risky assets like cryptocurrencies. However, whether this effect will be sufficient to push XRP back above the $3 mark remains to be seen.

Outlook: Between consolidation and new upswing

Despite the ETF’s brilliant launch, the market remains skeptical for now. The high sales volume and numerous liquidations – almost $8 million, especially in long positions – point to ongoing uncertainty.

The decisive factor now will be whether XRP can mobilize enough buying power in the coming days to overcome the resistance level at $3.00. If this succeeds, the new ETF instrument could attract fresh liquidity and investors in the long term.

Conclusion

Although the XRP ETF had a record start, profit-taking and technical resistance dominated in the short term. The coming weeks will show whether the cryptocurrency can stabilize above $3 or whether a longer consolidation phase is imminent.

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(Featured image by Dmytro Demidko via Unsplash)

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