The post Plunges 7%, but Will XRPC ETF Rise on Second Day? appeared on BitcoinEthereumNews.com. Brutal selloff breaks psychological $2.30 floor, erasing recent gains as distribution overwhelms historic XRPC debut. News Background XRP’s worst intraday decline in weeks coincided with a major industry milestone: the launch of the first U.S. spot XRP ETF, Canary Capital’s XRPC, now officially effective on Nasdaq as of 5:30 PM ET. The listing marks a turning point for institutional XRP access, but the debut arrived as broader crypto markets extended their medium-term downtrend. Sentiment remains pinned at fear amid persistent macro risk-off flows. Analysts including FxPro’s Alex Kuptsikevich warn crypto conditions still resemble “a short-term rebound within a larger decline,” with market structure vulnerable to deeper retracements. Large-cap token flows echo that caution, and XRP’s on-chain data showed 110.5M tokens moved between unknown wallets in the hours surrounding the breakdown, amplifying uncertainty during peak volatility. Price Action Summary XRP collapsed 7.3% from $2.48 to $2.30 over the 24-hour session, slicing through major support levels at $2.46, $2.40, and $2.36. The decline spanned a violent $0.23 range, with 157.9M XRP traded — 46% above the 24-hour average. The core breakdown unfolded during a four-minute liquidation cascade from 04:32–04:35 UTC, when price plunged from $2.313 to $2.295 on 6.6M XRP volume — 254% above baseline. The single-minute spike of 4.06M at 04:32 marked the session’s selling climax. Liquidity briefly evaporated as trading flatlined between 04:35–04:36, indicating either halted order flow or severe book thinning. Attempts to stabilize above $2.31 failed, and XRP settled into narrow consolidation near $2.30–$2.32. Technical Analysis The session confirmed a full technical breakdown with clear structural damage: Support/Resistance:• $2.29–$2.30 becomes primary support after breach of psychological floor• Former support at $2.36, $2.40, and $2.47 now act as stacked resistance• Invalidation for bulls requires a decisive reclaim of $2.36 Volume Profile:• Total session volume 157.9M (+46%) confirms institutional-grade distribution•… The post Plunges 7%, but Will XRPC ETF Rise on Second Day? appeared on BitcoinEthereumNews.com. Brutal selloff breaks psychological $2.30 floor, erasing recent gains as distribution overwhelms historic XRPC debut. News Background XRP’s worst intraday decline in weeks coincided with a major industry milestone: the launch of the first U.S. spot XRP ETF, Canary Capital’s XRPC, now officially effective on Nasdaq as of 5:30 PM ET. The listing marks a turning point for institutional XRP access, but the debut arrived as broader crypto markets extended their medium-term downtrend. Sentiment remains pinned at fear amid persistent macro risk-off flows. Analysts including FxPro’s Alex Kuptsikevich warn crypto conditions still resemble “a short-term rebound within a larger decline,” with market structure vulnerable to deeper retracements. Large-cap token flows echo that caution, and XRP’s on-chain data showed 110.5M tokens moved between unknown wallets in the hours surrounding the breakdown, amplifying uncertainty during peak volatility. Price Action Summary XRP collapsed 7.3% from $2.48 to $2.30 over the 24-hour session, slicing through major support levels at $2.46, $2.40, and $2.36. The decline spanned a violent $0.23 range, with 157.9M XRP traded — 46% above the 24-hour average. The core breakdown unfolded during a four-minute liquidation cascade from 04:32–04:35 UTC, when price plunged from $2.313 to $2.295 on 6.6M XRP volume — 254% above baseline. The single-minute spike of 4.06M at 04:32 marked the session’s selling climax. Liquidity briefly evaporated as trading flatlined between 04:35–04:36, indicating either halted order flow or severe book thinning. Attempts to stabilize above $2.31 failed, and XRP settled into narrow consolidation near $2.30–$2.32. Technical Analysis The session confirmed a full technical breakdown with clear structural damage: Support/Resistance:• $2.29–$2.30 becomes primary support after breach of psychological floor• Former support at $2.36, $2.40, and $2.47 now act as stacked resistance• Invalidation for bulls requires a decisive reclaim of $2.36 Volume Profile:• Total session volume 157.9M (+46%) confirms institutional-grade distribution•…

Plunges 7%, but Will XRPC ETF Rise on Second Day?

Brutal selloff breaks psychological $2.30 floor, erasing recent gains as distribution overwhelms historic XRPC debut.

News Background

XRP’s worst intraday decline in weeks coincided with a major industry milestone: the launch of the first U.S. spot XRP ETF, Canary Capital’s XRPC, now officially effective on Nasdaq as of 5:30 PM ET. The listing marks a turning point for institutional XRP access, but the debut arrived as broader crypto markets extended their medium-term downtrend.

Sentiment remains pinned at fear amid persistent macro risk-off flows. Analysts including FxPro’s Alex Kuptsikevich warn crypto conditions still resemble “a short-term rebound within a larger decline,” with market structure vulnerable to deeper retracements. Large-cap token flows echo that caution, and XRP’s on-chain data showed 110.5M tokens moved between unknown wallets in the hours surrounding the breakdown, amplifying uncertainty during peak volatility.

Price Action Summary

XRP collapsed 7.3% from $2.48 to $2.30 over the 24-hour session, slicing through major support levels at $2.46, $2.40, and $2.36. The decline spanned a violent $0.23 range, with 157.9M XRP traded — 46% above the 24-hour average.

The core breakdown unfolded during a four-minute liquidation cascade from 04:32–04:35 UTC, when price plunged from $2.313 to $2.295 on 6.6M XRP volume — 254% above baseline. The single-minute spike of 4.06M at 04:32 marked the session’s selling climax. Liquidity briefly evaporated as trading flatlined between 04:35–04:36, indicating either halted order flow or severe book thinning.

Attempts to stabilize above $2.31 failed, and XRP settled into narrow consolidation near $2.30–$2.32.

Technical Analysis

The session confirmed a full technical breakdown with clear structural damage:

Support/Resistance:
$2.29–$2.30 becomes primary support after breach of psychological floor
• Former support at $2.36, $2.40, and $2.47 now act as stacked resistance
• Invalidation for bulls requires a decisive reclaim of $2.36

Volume Profile:
• Total session volume 157.9M (+46%) confirms institutional-grade distribution
• Breakdown sequence showed 254% hourly volume spike, typical of liquidation-driven moves
• No meaningful recovery volume appeared during post-crash consolidation

Chart Structure:
• Descending triangle support failed decisively, killing prior reversal setup
• New lower range forming between $2.29–$2.33
• Breakdown aligns with medium-term downtrend in broader crypto indexes

Momentum Indicators:
• Oversold signals emerging intraday, but no confirmation of trend reversal
• Breakdown occurred below key EMAs; 50D/200D cross continues to slope bearishly

What Traders Should Watch

XRP now sits at a pivotal inflection point:

Holding $2.29 is essential — failure exposes a fast move into the $2.00–$2.20 demand zone
• Any recovery must first reclaim $2.36 before bulls regain technical control
• ETF inflows will act as the next volatility catalyst; early XRPC volume during market open will indicate whether institutions treat the listing as an accumulation opportunity or liquidity event
• On-chain flows around the 110.5M XRP whale transfers remain a wildcard — exchange inflows would confirm additional downside risk
• Sentiment remains fragile across majors; beta-sensitive assets like XRP will respond disproportionately to broader market weakness

Source: https://www.coindesk.com/markets/2025/11/14/xrp-slides-7-but-etf-launch-sets-stage-for-potential-reversal-above-usd2-36

Market Opportunity
Xrp Classic Logo
Xrp Classic Price(XRPC)
$0.0007244
$0.0007244$0.0007244
+2.66%
USD
Xrp Classic (XRPC) Live Price Chart
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

You May Also Like

Crucial US Stock Market Update: What Wednesday’s Mixed Close Reveals

Crucial US Stock Market Update: What Wednesday’s Mixed Close Reveals

BitcoinWorld Crucial US Stock Market Update: What Wednesday’s Mixed Close Reveals The financial world often keeps us on our toes, and Wednesday was no exception. Investors watched closely as the US stock market concluded the day with a mixed performance across its major indexes. This snapshot offers a crucial glimpse into current investor sentiment and economic undercurrents, prompting many to ask: what exactly happened? Understanding the Latest US Stock Market Movements On Wednesday, the closing bell brought a varied picture for the US stock market. While some indexes celebrated gains, others registered slight declines, creating a truly mixed bag for investors. The Dow Jones Industrial Average showed resilience, climbing by a notable 0.57%. This positive movement suggests strength in some of the larger, more established companies. Conversely, the S&P 500, a broader benchmark often seen as a barometer for the overall market, experienced a modest dip of 0.1%. The technology-heavy Nasdaq Composite also saw a slight retreat, sliding by 0.33%. This particular index often reflects investor sentiment towards growth stocks and the tech sector. These divergent outcomes highlight the complex dynamics currently at play within the American economy. It’s not simply a matter of “up” or “down” for the entire US stock market; rather, it’s a nuanced landscape where different sectors and company types are responding to unique pressures and opportunities. Why Did the US Stock Market See Mixed Results? When the US stock market delivers a mixed performance, it often points to a tug-of-war between various economic factors. Several elements could have contributed to Wednesday’s varied closings. For instance, positive corporate earnings reports from certain industries might have bolstered the Dow. At the same time, concerns over inflation, interest rate policies by the Federal Reserve, or even global economic uncertainties could have pressured growth stocks, affecting the S&P 500 and Nasdaq. Key considerations often include: Economic Data: Recent reports on employment, manufacturing, or consumer spending can sway market sentiment. Corporate Announcements: Strong or weak earnings forecasts from influential companies can significantly impact their respective sectors. Interest Rate Expectations: The prospect of higher or lower interest rates directly influences borrowing costs for businesses and consumer spending, affecting future profitability. Geopolitical Events: Global tensions or trade policies can introduce uncertainty, causing investors to become more cautious. Understanding these underlying drivers is crucial for anyone trying to make sense of daily market fluctuations in the US stock market. Navigating Volatility in the US Stock Market A mixed close, while not a dramatic downturn, serves as a reminder that market volatility is a constant companion for investors. For those involved in the US stock market, particularly individuals managing their portfolios, these days underscore the importance of a well-thought-out strategy. It’s important not to react impulsively to daily movements. Instead, consider these actionable insights: Diversification: Spreading investments across different sectors and asset classes can help mitigate risk when one area underperforms. Long-Term Perspective: Focusing on long-term financial goals rather than short-term gains can help weather daily market swings. Stay Informed: Keeping abreast of economic news and company fundamentals provides context for market behavior. Consult Experts: Financial advisors can offer personalized guidance based on individual risk tolerance and objectives. Even small movements in major indexes can signal shifts that require attention, guiding future investment decisions within the dynamic US stock market. What’s Next for the US Stock Market? Looking ahead, investors will be keenly watching for further economic indicators and corporate announcements to gauge the direction of the US stock market. Upcoming inflation data, statements from the Federal Reserve, and quarterly earnings reports will likely provide more clarity. The interplay of these factors will continue to shape investor confidence and, consequently, the performance of the Dow, S&P 500, and Nasdaq. Remaining informed and adaptive will be key to understanding the market’s trajectory. Conclusion: Wednesday’s mixed close in the US stock market highlights the intricate balance of forces influencing financial markets. While the Dow showed strength, the S&P 500 and Nasdaq experienced slight declines, reflecting a nuanced economic landscape. This reminds us that understanding the ‘why’ behind these movements is as important as the movements themselves. As always, a thoughtful, informed approach remains the best strategy for navigating the complexities of the market. Frequently Asked Questions (FAQs) Q1: What does a “mixed close” mean for the US stock market? A1: A mixed close indicates that while some major stock indexes advanced, others declined. It suggests that different sectors or types of companies within the US stock market are experiencing varying influences, rather than a uniform market movement. Q2: Which major indexes were affected on Wednesday? A2: On Wednesday, the Dow Jones Industrial Average gained 0.57%, while the S&P 500 edged down 0.1%, and the Nasdaq Composite slid 0.33%, illustrating the mixed performance across the US stock market. Q3: What factors contribute to a mixed stock market performance? A3: Mixed performances in the US stock market can be influenced by various factors, including specific corporate earnings, economic data releases, shifts in interest rate expectations, and broader geopolitical events that affect different market segments uniquely. Q4: How should investors react to mixed market signals? A4: Investors are generally advised to maintain a long-term perspective, diversify their portfolios, stay informed about economic news, and avoid impulsive decisions. Consulting a financial advisor can also provide personalized guidance for navigating the US stock market. Q5: What indicators should investors watch for future US stock market trends? A5: Key indicators to watch include upcoming inflation reports, statements from the Federal Reserve regarding monetary policy, and quarterly corporate earnings reports. These will offer insights into the future direction of the US stock market. Did you find this analysis of the US stock market helpful? Share this article with your network on social media to help others understand the nuances of current financial trends! To learn more about the latest stock market trends, explore our article on key developments shaping the US stock market‘s future performance. This post Crucial US Stock Market Update: What Wednesday’s Mixed Close Reveals first appeared on BitcoinWorld.
Share
Coinstats2025/09/18 05:30
Forbes' 2026 Crypto Investment Trends Outlook: Institutionalization, Tokenization, Stablecoins, and the AI Machine Economy

Forbes' 2026 Crypto Investment Trends Outlook: Institutionalization, Tokenization, Stablecoins, and the AI Machine Economy

PANews reported on January 2nd that Nina Bambysheva, Forbes' currency markets editor and analyst, published an article analyzing five major trends in crypto investment
Share
PANews2026/01/02 20:15
Zcash Price Faces Breakdown Risk

Zcash Price Faces Breakdown Risk

The post Zcash Price Faces Breakdown Risk appeared on BitcoinEthereumNews.com. Zcash price has maintained an apparent uptrend, fueling expectations of an impending
Share
BitcoinEthereumNews2026/01/02 20:35