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XRP: Massive Crash Erases All September Recovery Attempts

Wed, 8/10/2025 - 8:44
XRP lost almost everything it had gained by end of September, with potential of losing $2
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XRP: Massive Crash Erases All September Recovery Attempts
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With the token losing almost all of the gains it made in September, XRP’s brief recovery phase has abruptly ended. Technically and structurally, XRP is once again in a precarious position following a robust but brief recovery earlier in the month. The asset is now the last crucial line of defense before a possible breakdown, as seen by the current chart, which shows it struggling just above its 100-day EMA.

XRP has struggled to maintain momentum above the $2.90-$3.00 resistance range on multiple occasions over the last few weeks. Every attempt to break higher was quickly turned down, creating a triangle pattern that is now descending and has resulted in yet another downturn.

XRP's crucial support area

Currently hovering around $2.85, the 100 EMA serves as a crucial support area. The next significant target, the 200-day EMA at $2.63 that stands for the deeper support of the overall market structure, would probably be reached if XRP were to decisively lose this level.

Article image
XRP/USDT Chart by TradingView

The technical weakness reflects the deteriorating market fundamentals of XRP. The market capitalization of XRP fell from $177.8 billion to about $170.9 billion in a single day, according to CoinMarketCap data, wiping out the recovery that was made in late September and wiping out billions of dollars in value.

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Additionally, trading volume has stayed low, with a 24-hour volume of about $6.04 billion, suggesting that investors are becoming less speculative and cautious. The RSI has entered neutral territory, confirming that there is not enough buying power to support a recovery.

Bitcoin consolidates

XRP’s setup appears more unstable as Bitcoin consolidates and the market’s appetite for risk declines. There is a much higher chance of a deeper correction toward the 200 EMA if the 100 EMA breaks, which could result in another wave of liquidation pressure.

XRP is currently technically neutral-to-bearish, and the path of least resistance points lower unless bulls are able to retake the descending trendline and push the price back above $3.00 with volume confirmation. The September rebound was not the beginning of a new bullish cycle, but rather a brief lull in an ongoing correction, according to the current structure.

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