On September 19, XRP launched its first U.S. spot ETF, the $XRPR ETF, which set a new record with $37.7 million in day-one trading volume. This impressive debut, however, did not prevent a decline in the token’s price, which is currently trading at $2.99.
The main reason for the price drop is a series of three consecutive days of outflows totaling $68.63 million. This selling pressure, combined with broader market weakness, has weighed on XRP’s value. According to analysts, XRP is simply “playing follow the leader,” as its price remains strongly correlated with Bitcoin’s recent slide.
Looking ahead, traders are watching key technical levels. A break above the $3.20 resistance could signal a bullish move toward $3.40, while a drop below $2.73 could trigger a bearish trend with a potential downside to $2.20.
September 2025, Cryptoniteuae
