- XRP dropped to $2.81 despite the launch of the first U.S.-listed XRP ETF, which saw record trading volume.
- Profit-taking by large investors and resistance near $3 kept the price under pressure.
XRP dropped 3.46% in one day, falling from $2.91 to $2.81. The first U.S.-listed XRP ETF launched on September 21, trading $37.7 million on its first day — the biggest ETF debut of 2025. Despite the excitement, many large investors sold their XRP’s, pushing the price down further.
XRP ETF Launch Drives Record Volume
Most of the day, XRP stayed near $2.90, but a sharp drop around midnight pushed it down to $2.81, with 261 million XRP’s traded — four times the usual daily volume. Most losses came from long positions, totaling $7.93 million. Even with the ETF boosting interest, it struggled to stay near the $3.00 range.
Price Action and Technical Levels
During the day, the price moved between $2.91 at the high and $2.81 at the low. Support is now forming around $2.80–$2.82, but XRP could not reclaim $2.93–$2.94, showing strong resistance. High trading volume indicates that large investors were selling more than buying.
What Traders Are Watching
Traders are watching whether XRP can recover above $3.00 in the coming days. The new ETF could affect trading and liquidity, while the Federal Reserve’s expected rate cuts might support digital assets. However, exchanges hold a lot of XRP in reserves, which could keep prices under pressure.
In short, the new XRP ETF attracted record trading and attention, but profit-taking and technical resistance pushed the price down to $2.81. Investors will be watching if XRP can break back above $3.00 soon.
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