Despite a 4.47% dip in its value over the past 24 hours, XRP continues to attract investor interest, leading to a significant increase in trading volume. According to data from CoinMarketCap, the trading volume for XRP has surged by more than 140%, reaching approximately $8.29 billion.
As of the latest report, the Relative Strength Index (RSI) for XRP stands at 26.28, indicating that the asset is in oversold territory. Nevertheless, traders remain optimistic about a potential recovery, given that they are closely monitoring the regulatory landscape for signs of improvement.
Currently, XRP is priced at $2.85, which reflects a 4.32% decrease from the previous day. Earlier in the trading session, it hit a low of $2.78, indicating that the asset may have reached the lowest point in this recent sell-off. Market analysts suggest that it is unlikely for XRP to drop below this range before experiencing a rebound.
The recent decline in XRP’s price can be attributed to several factors, such as capital rotation and changing investor expectations. Notably, many investors have redirected capital toward Bitcoin, the leading cryptocurrency, which has regained dominance and pulled liquidity away from altcoins like XRP. This has contributed to heightened market volatility.
Institutional investors are also exhibiting caution, slowing their accumulation activities as they await clearer regulatory guidance. The U.S. Securities and Exchange Commission (SEC) is currently reviewing various applications for spot XRP exchange-traded funds (ETFs). The ongoing uncertainty surrounding these decisions is believed to influence XRP’s price volatility, similar to the effects seen with Bitcoin and Ethereum ETFs.
A favorable ruling on ETF applications from Grayscale, 21Shares, and others could potentially break the current stagnation facing XRP, particularly if the SEC delivers a decision by October 18, 2025.
From a technical perspective, XRP’s price movement aligns with the asset’s Bollinger Bands, indicating limited support within a range of $2.70 to $2.90. This technical indicator suggests that a sustained bullish scenario is not likely in the immediate term, meaning any anticipated rebound may be short-lived.
Historically, September has been a bearish month for XRP, and analysts expect that the current price fluctuations may continue until October, when a more stable bullish rally is anticipated.
