🚨 $XRP ETF News: Price Sinks Below $2.90 After Security Audit Shock

XRP (Ripple) has crashed under $2.90, hit by a brutal double blow:

1️⃣ The SEC delaying ETF decisions until October.

2️⃣ A devastating security audit ranking the XRP Ledger dead last among 15 major blockchains.

📉 Price Action

XRP slid 4%, dropping from $3.02 → $2.90 between Aug 19–20.

The steepest selloff came 1–3 PM (Aug 19), with price collapsing from $3.04 → $2.93.

Trading volume spiked to 137.18M, nearly double the daily average (71.23M), signaling institutional exits.

Buyers stepped in at the $2.85–$2.88 zone, keeping price stable around $2.89–$2.90 overnight.

⚖️ ETF Delay: Institutions Pull Back

The SEC postponed multiple XRP ETF applications—including the high-profile Nasdaq CoinShares filing—until October.

👉 The timing couldn’t be worse, as ETF optimism had been fueling bullish sentiment.

👉 Institutions appear to be scaling back until regulatory clarity returns.

🔒 Security Audit Fallout

The biggest shock: a security audit ranked XRP Ledger 15th of 15 blockchains.

This is a catastrophic blow to investor confidence.

With ETFs already under scrutiny, the worst security rating possible makes approval even less likely.

Institutions doing due diligence may hesitate to maintain or expand XRP exposure.

🔑 Key Levels

Resistance: $3.04

Support: $2.85–$2.88

Watch: Can $3.00 flip back into support, or does the support zone crack?

📌 Outlook

All eyes are now on October’s SEC rulings. With ETF hopes delayed and fresh security concerns clouding sentiment, the next two months could define XRP’s long-term trajectory.

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