🚨 $XRP ETF Nightmare – Price Breaks Under $2.90 🚨

Ripple’s $XRP just got slammed from two sides — and investors are feeling the pain.

📉 Price Meltdown

In just two hours on August 19, XRP collapsed from $3.04 to $2.93, with volume spiking to 137M (nearly 2x the daily average). When volume surges like that, it’s usually institutions hitting the exit button. Buyers barely managed to defend the $2.85–$2.88 zone overnight.

📑 ETF Delays = Dreams on Hold

The SEC has pushed back all XRP ETF filings until October, including the much-anticipated Nasdaq–CoinShares application. The timing couldn’t have been worse — just as the market was heating up with optimism, the rug got pulled.

🔐 Security Audit Disaster

Adding fuel to the fire, a major security audit ranked XRP Ledger last out of 15 blockchains.

That’s a huge red flag for institutions already cautious about ETFs. With the SEC hesitant and now security doubts piling up, XRP faces its toughest credibility test yet.

⚔️ What’s Next?

Resistance: $3.04

Support: $2.85–$2.88

Key Question: Can XRP flip $3.00 back into strong support before the October SEC ruling?

🔥 Community, weigh in:

👉 Is $XRP still a sleeping giant just facing temporary FUD?

👉 Or is this the beginning of a long-term trust crisis for Ripple?

💬 Drop your thoughts below — let’s make this the debate XRP holders must face.