Large-Holder Exodus Deepens Drawdown
XRP’s price has slipped 3 % in the past 24 hours to hover around
$2.38, even as Bitcoin and Ethereum cling to key support
levels. On-chain data show that wallets holding between one and
ten million tokens jettisoned more than 400 million XRP
— roughly $1.25 billion — over the last month.
The liquidation burst arrived just as a partial U.S. government
shutdown forced the Securities and Exchange Commission to
postpone decisions on seven spot-XRP exchange-traded fund
applications. Prediction markets now see the shutdown extending
as long as 25 days, stretching the regulatory limbo and sapping
confidence from the fifth-largest cryptocurrency by market
capitalisation (currently $142.7 billion).
The macro backdrop offers little relief. A renewed
U.S.–China trade spat escalated when former U.S. President
Donald Trump proposed a 100 % tariff on Chinese goods, sending
equity benchmarks down more than two percentage points and
dragging Bitcoin below $112,000.
With the bell-wether coin unable to reclaim higher ground,
speculative appetite for alt-coins such as XRP remains thin.
Until the ETF slate resurfaces on the SEC calendar — and
Bitcoin steadies — analysts warn that XRP’s correction phase
could linger.
Technical Picture: Triangle Breakdown Tests $2.02 Support
From a chart-analysis standpoint, XRP has breached the lower
trendline of a symmetrical triangle that had guided price action
since mid-July. The breakdown triggered a cascade of
stop-loss orders beneath $2.70, propelling the token
toward the $2.30–$2.38 congestion zone, its
lowest level in months.
• The 100-day simple moving average at $2.63 now acts as
near-term resistance.
• Relative-strength index sits at an oversold 27, hinting
at the possibility of a reflex bounce toward
$2.70–$2.80.
• Failure to reclaim that band would expose Fibonacci support
at $2.02, followed by the July base near $1.77.
Trading Considerations
Short-term traders are eyeing contrarian longs close to
$2.25, with tight risk controls below $2.20 and
upside targets at the 100-day average. Swing participants,
however, prefer to wait for a decisive Bitcoin recovery above
$115,000 before declaring a playable bottom in XRP.
Presale Spotlight: Bitcoin Hyper Marries BTC Security with Solana-Grade Speed
While legacy large-caps battle macro headwinds, new ventures are
capturing investor mind-share. One standout is
Bitcoin Hyper (HYPER), a Bitcoin-native Layer 2 that leverages
the Solana Virtual Machine to deliver low-cost, high-throughput
smart-contract functionality. The architecture aims to preserve
Bitcoin’s robust settlement layer while importing Solana’s
developer-friendly toolset, opening the door to scalable
decentralised applications, rapid-fire payments and even
meme-coin creation on top of BTC.
The audited project has already secured more than
$23 million in presale commitments, with token pricing still
in the penny range. By extending Bitcoin’s utility beyond
simple value transfer, the team hopes to ride the next adoption
wave once broader market sentiment turns constructive.
