🚨 XRP ETF News: Price Tanks Below $2.90 After Harsh Security Audit
XRP (Ripple) has been slammed by back-to-back blows, sending its price tumbling under the key $3.00 level.
🔹 SEC ETF Delay – The U.S. SEC has pushed back all pending XRP ETF applications, including the major Nasdaq CoinShares filing, until October. This move crushed investor optimism and triggered a wave of institutional pullbacks.
🔹 Security Audit Shock – Adding fuel to the fire, a recent audit ranked the XRP Ledger dead last (15th out of 15 blockchains) in security. For institutions eyeing ETF exposure, this is a devastating red flag that could weigh heavily on regulatory decisions.
📉 XRP Price Action
XRP slid 4% from $3.02 to $2.90 between Aug 19–20.
The sharpest drop came between 1–3 PM on Aug 19, when price collapsed from $3.04 to $2.93.
Trading volume exploded to 137.18M, almost 2x the daily average (71.23M) → clear signs of institutional exit.
Buyers managed to defend the $2.85–$2.88 support zone, with stabilization around $2.89–$2.90.
🔮 Key Levels to Watch
Resistance: $3.04
Support: $2.85–$2.88
If XRP reclaims $3.00 as support, momentum could shift. Otherwise, October’s SEC ruling will be make-or-break — especially with security concerns looming
💡 Bottom Line: With ETF hopes delayed and the weakest blockchain security ranking, XRP faces a tough road ahead. Institutional confidence has taken a hit, and all eyes are on October for clarity.
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