$XRP (Ripple) just got slammed under $2.90 after back-to-back blows that shook investor confidence. First, the SEC delayed all XRP ETF decisions until October. Then, a brutal security audit ranked the XRP Ledger dead last among 15 blockchains.
✨ XRP (Ripple) Price Takes a Beating
From August 19-20, XRP slipped 4%, crashing from $3.02 to $2.90. The bloodiest move came in just two hours on August 19, when price collapsed from $3.04 straight down to $2.93.
Trading volume exploded to 137.18M in that window — almost double the daily average of 71.23M. That’s not retail traders panicking — that’s big whales exiting. Still, buyers managed to hold the $2.85-$2.88 support zone, with XRP stabilizing around $2.89-$2.90 overnight.
✨ XRP ETF Delayed Until October
The SEC just pushed back multiple XRP ETF filings, including the highly anticipated Nasdaq CoinShares one. Institutions hate uncertainty, and this delay forced them to cool off until regulators give a green light. Optimism turned into caution overnight.
✨ Security Audit Drops a Bombshell
The real shocker? A security audit ranked XRP Ledger 15th out of 15. Last place. That’s devastating for confidence — especially while ETF applications are pending.
The SEC already doesn’t trust crypto ETFs easily. Add in a “weakest ledger” ranking, and big institutions will be double-checking whether XRP is worth the risk.
Right now, XRP has resistance at $3.04 and key support between $2.85-$2.88. If $3.00 flips back into support, momentum could return. But October’s ETF rulings are now a make-or-break event, and security fears make approval even harder.
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