XRP's Price Falls 6% As Crypto Market Erodes

2025-09-26 10:10:51

(MENAFN- Yolo Wire) The price of XRP (CRYPTO: $XRP) has fallen 6% in the past 24 hours and dropped to $2.75 U.S. amid heavy global selling of digital assets.

The ongoing decline has erased more than $18 billion U.S. in market value from XRP over the past week.

The drop in XRP's price comes amid a broader decline in cryptocurrencies that includes market leaders %Bitcoin (CRYPTO: $BTC) and %Ethereum (CRYPTO: $ETH).

In the past 24 hours, the cryptocurrency market has seen more than $1 billion U.S. in liquidations as investors get more defensive and sell digital assets as the third quarter ends.

Analysts say XRP appears to be experiencing resistance at $2.80 U.S., leaving traders bracing for a test of support at the $2.70 U.S. price level.

The slide in XRP also comes despite the U.S. Securities and Exchange Commission's (SEC) recent approval of the first U.S. XRP exchange-traded fund (ETF).

Analysts say more declines in XRP should be expected after the cryptocurrency's price broke below the $3 U.S. psychological threshold.

The price of XRP has fallen 10% in the past week, although it remans up 33% on the year.

MENAFN26092025007606016353ID1110115821

Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.