Context and Impact for XRP
XRP experienced a decline of approximately 6%, settling near $2.75, as it followed a broader market downturn led by Bitcoin. This pullback resulted in a significant reduction in weekly market value, putting pressure on both institutional funds and retail traders. The movement highlights the strong correlation between altcoins and Bitcoin, with external macroeconomic risks also weighing on market sentiment.
In late September 2025, increased selling by funds coincided with a rise in U.S. Treasury yields. XRP broke below the $3.00 level, with trading volume spiking around $2.80. After testing support near $2.70, the price stabilized around $2.75, indicating a noticeable shift in short-term momentum.
Bitcoin’s drop below $100,000 reduced overall market liquidity and triggered leveraged position closures. XRP’s price action closely mirrored Bitcoin’s, with a correlation coefficient between 0.85 and 0.88, meaning large moves in BTC directly influenced XRP. Additional pressure came from concerns over a potential U.S. government shutdown and rising bond yields, which further dampened investor risk appetite.
Implications and Technical Positioning
The approval of a spot XRP ETF remains a pivotal pending event, with analysts suggesting a high probability of a decision between October and December 2025. A positive regulatory outcome could significantly improve market sentiment and attract institutional interest.
Recent fund selling and forced liquidations have increased volatility and reduced intraday liquidity, raising risks for leveraged traders and contributing to short-term price instability. The ongoing Ripple vs. SEC court case continues to influence institutional confidence, with market participants closely monitoring legal developments.
From a technical perspective, the $2.70–$2.80 range now serves as key support, while the $2.80–$3.00 zone acts as near-term resistance. The next significant price catalyst will likely be the anticipated ETF ruling in October 2025, which has the potential to reshape institutional participation and influence XRP’s trajectory for the remainder of the year.
