🚨 XRP ETF News: Ripple Price Tanks Below $2.90 After Harsh Security Blow
Ripple’s token XRP$XRP slid under the $2.90 mark following two major setbacks:
1. The SEC delaying ETF decisions until October.
2. A damaging security audit that ranked the XRP Ledger last out of 15 blockchains.
🔻 Price Action
Between August 19–20, XRP#BinanceHODLerPLUME fell 4%, dropping from $3.02 to $2.90.
The steepest decline came on August 19 (1–3 PM), with price crashing from $3.04 → $2.93 in just two hours.
Trading volume surged to 137.18M in that window—almost double the daily average of 71.23M—showing institutions were offloading positions fast.
Buyers managed to defend the $2.85–$2.88 support zone, helping price stabilize near $2.89–$2.90 overnight.
⏳ ETF Delay Hits Sentiment
The SEC postponed multiple XRP ETF$ETH
applications, including Nasdaq’s CoinShares filing, until October. This delay crushed growing optimism in the market, pushing big investors to step aside until there’s regulatory clarity.
⚠️ Security Audit Fallout
The security audit bombshell placed XRP Ledger at the bottom of the list (15th of 15) among major blockchains. This is a severe blow to investor confidence, especially with ETFs under review.
For regulators, it adds another reason to hesitate.
For institutions, it signals major risk exposure in holding XRP.
📊 Technical Outlook
Resistance: $3.04
Support: $2.85–$2.88
reclaim $3.00 as support?
October’s SEC rulings are now make-or-break—but with weak security ratings, XRP’s ETF hopes just got tougher.