{"id":43083,"date":"2025-08-20T07:16:47","date_gmt":"2025-08-20T07:16:47","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=43083"},"modified":"2025-08-20T07:16:47","modified_gmt":"2025-08-20T07:16:47","slug":"xrp-pushed-into-2-90-support-zone-amid-etf-delays-poor-security-rankings","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=43083","title":{"rendered":"XRP Pushed Into $2.90 Support Zone Amid ETF Delays, Poor Security Rankings"},"content":{"rendered":"<div>\n<p>XRP extended losses in the past 24 hours, slipping under the $3.00 mark after a sharp rejection at resistance. A combination of blockchain security concerns and delayed regulatory decisions drove heavy selling and profit-taking across institutional desks.<\/p>\n<h2>News Background<\/h2>\n<p>\u2022 A security audit ranked XRP Ledger lowest among 15 blockchains, eroding investor confidence.<br \/>\u2022 The SEC delayed rulings on multiple XRP ETF applications, including Nasdaq\u2019s CoinShares filing, until October.<br \/>\u2022 Heightened regulatory ambiguity and security doubts fueled portfolio adjustments at major trading firms.<\/p>\n<h2>Price Action Summary<\/h2>\n<p>\u2022 XRP fell 4% from $3.02 to $2.90 between August 19 at 06:00 and August 20 at 05:00.<br \/>\u2022 The steepest drop came from 13:00\u201315:00 on August 19, when price collapsed from $3.04 to $2.93.<br \/>\u2022 Volume spiked to 137.18 million in the 14:00 hour, nearly double the daily average of 71.23 million.<br \/>\u2022 Buyers defended $2.85\u2013$2.88 multiple times overnight.<br \/>\u2022 Price stabilized near $2.89\u2013$2.90 in the final hour, showing balance just under $3.00.<\/p>\n<h2>Technical Analysis<\/h2>\n<p>\u2022 Resistance confirmed at $3.04 with volume-driven rejection.<br \/>\u2022 Support zone established at $2.85\u2013$2.88 through repeated defenses.<br \/>\u2022 Consolidation at $2.89\u2013$2.90 signals exhaustion of immediate selling pressure.<br \/>\u2022 Volume surge highlights institutional repositioning.<\/p>\n<h2>What Traders Are Watching<\/h2>\n<p>\u2022 Whether $3.00 flips back into support or remains a rejection barrier.<br \/>\u2022 Institutional flows at $2.85\u2013$2.90 to determine if the level forms a base.<br \/>\u2022 SEC rulings in October as medium-term volatility drivers.<br \/>\u2022 Impact of security rankings on ETF approval prospects.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>XRP extended losses in the past 24 hours, slipping under the $3.00 mark after a sharp rejection at resistance. A combination of blockchain security concerns and delayed regulatory decisions drove heavy selling and profit-taking across institutional desks. News Background \u2022 A security audit ranked XRP Ledger lowest among 15 blockchains, eroding investor confidence.\u2022 The SEC [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-43083","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/43083","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=43083"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/43083\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=43083"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=43083"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=43083"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}