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    Home»DeFi»XRP Falls to $2.90 Support Level Due to ETF Postponements and Low Security Ratings
    DeFi

    XRP Falls to $2.90 Support Level Due to ETF Postponements and Low Security Ratings

    Ethan CarterBy Ethan CarterAugust 20, 2025No Comments2 Mins Read
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    XRP experienced further declines over the last 24 hours, dropping below the $3.00 threshold after a strong rejection at resistance. A mix of concerns regarding blockchain security and postponed regulatory decisions led to significant selling and profit-taking among institutional investors.

    News Background

    • A security audit rated XRP Ledger the lowest among 15 blockchains, diminishing investor trust.
    • The SEC postponed decisions on several XRP ETF applications, including Nasdaq’s CoinShares submission, until October.
    • Increased regulatory uncertainty and security concerns prompted trading firms to adjust their portfolios.

    Price Action Summary

    • XRP declined 4% from $3.02 to $2.90 between August 19 at 06:00 and August 20 at 05:00.
    • The largest drop occurred from 13:00–15:00 on August 19, with the price plummeting from $3.04 to $2.93.
    • Trading volume surged to 137.18 million in the 14:00 hour, nearly doubling the daily average of 71.23 million.
    • Buyers repeatedly supported the $2.85–$2.88 range overnight.
    • Price steadied around $2.89–$2.90 in the last hour, indicating equilibrium just below $3.00.

    Technical Analysis

    • Resistance established at $3.04 with a volume-driven rejection.
    • Support zone created at $2.85–$2.88 through consistent defenses.
    • Consolidation at $2.89–$2.90 suggests the exhaustion of immediate selling pressure.
    • Increase in volume signifies institutional realignment.

    What Traders Are Watching

    • Whether $3.00 will revert to support or continue to act as a resistance level.
    • Institutional movements at $2.85–$2.90 to see if this level creates a foundation.
    • SEC announcements in October as potential drivers of medium-term volatility.
    • The influence of security assessments on ETF approval chances.

    Due ETF Falls Level Postponements Ratings Security Support XRP
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    Ethan Carter

      Ethan is a seasoned cryptocurrency writer with extensive experience contributing to leading U.S.-based blockchain and fintech publications. His work blends in-depth market analysis with accessible explanations, making complex crypto topics understandable for a broad audience. Over the years, he has covered Bitcoin, Ethereum, DeFi, NFTs, and emerging blockchain trends, always with a focus on accuracy and insight. Ethan's articles have appeared on major crypto portals, where his expertise in market trends and investment strategies has earned him a loyal readership.

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