XRP Drops to $2.90 Support as Bullish Crypto Bets Rack up $500M Liquidations

CoinDeskWednesday, October 8, 2025 at 3:39:14 AM
XRP Drops to $2.90 Support as Bullish Crypto Bets Rack up $500M Liquidations
XRP has fallen to a critical support level of $2.90, raising concerns among investors as bullish bets in the cryptocurrency market have led to $500 million in liquidations. This significant drop highlights the volatility of the crypto market and the risks involved for traders. Understanding these fluctuations is crucial for investors looking to navigate the unpredictable landscape of digital currencies.
— Curated by the World Pulse Now AI Editorial System

Was this article worth reading? Share it

Recommended Readings
Next Crypto to Explode Live News Today: Timely Insights for Chart Sniffers (October 8)
PositiveCryptocurrency
The cryptocurrency market is buzzing with excitement as it approaches a staggering $4 trillion valuation, and today's insights highlight the potential for explosive growth. With major players like Circle and Mastercard looking to integrate USDC, the momentum is building for a new wave of investment and innovation in the crypto space. This is significant because it not only reflects the increasing mainstream acceptance of digital currencies but also suggests that we might be on the brink of a major breakthrough in the industry.
Bitcoin Plummets To $120,600: This Could Be The Next Support
NegativeCryptocurrency
Bitcoin has experienced a significant drop, falling below the $121,000 mark after a period of record highs. This sudden decline has raised concerns among investors about the stability of the cryptocurrency market. Analysts are now looking at potential support levels to gauge where Bitcoin might stabilize. Understanding these fluctuations is crucial for investors as they navigate the volatile landscape of digital currencies.
XRP as Wall Street’s dark horse: Why some funds see it like Bitcoin
PositiveCryptocurrency
In October 2025, the financial landscape may shift as seven spot XRP ETF rulings and Ripple's bank charter decision come into play. Many funds are starting to view XRP as a potential game-changer, similar to Bitcoin, which could signal a new era for cryptocurrency investments on Wall Street. This growing interest highlights the evolving perception of digital assets and their increasing legitimacy in traditional finance.
BNB Flips XRP’s Market Capitalization As Price Hits $1,300 Record High – What’s Next?
PositiveCryptocurrency
BNB has made headlines by surpassing XRP's market capitalization as its price reaches a record high of $1,300. This surge comes after a significant rally in the crypto market, with BNB experiencing a remarkable 30% increase in just one week. Analysts are optimistic about BNB's potential for further growth as we approach the end of the year, suggesting that this could be just the beginning of its upward trajectory. This news is important as it highlights the dynamic nature of the cryptocurrency market and the potential for investors to capitalize on emerging trends.
Dogecoin price dips under $0.25, here are 3 drivers that could fuel recovery
NegativeCryptocurrency
Dogecoin's price has dipped below $0.25, currently trading at $0.2447, reflecting an 8.42% drop in the last 24 hours. This decline highlights the cryptocurrency's struggle to maintain key support levels, indicating renewed pressure and weak momentum in the short term. Understanding these fluctuations is crucial for investors as they navigate the volatile crypto market and look for potential recovery drivers.
[LIVE] Crypto News Today, October 8 – Why Is Crypto Going Down Today? Bitcoin Fell Below $121K and $500 Million in Longs Liquidated: Best Altcoins to Buy During This Dip?
NegativeCryptocurrency
Today, the crypto market experienced a notable downturn, with Bitcoin dropping from its recent peak of $126,000 to around $121,200. This decline led to significant liquidations, amounting to over $659 million, with $500 million lost from long positions in just 24 hours. This situation raises concerns for investors and traders alike, as it highlights the volatility of the crypto market and the risks associated with trading during such fluctuations.
Ethereum price eyes recovery as spot ETH ETFs record 7th straight day of inflows
PositiveCryptocurrency
Ethereum is demonstrating resilience as it experiences a recovery in institutional interest, with spot ETH ETFs recording their seventh consecutive day of inflows. Despite a recent market decline where Ethereum's price fell by 5.3% to $4,443, the overall trend remains positive, indicating that investors are still confident in its long-term potential. This renewed appetite for Ethereum is significant as it suggests a growing belief in the cryptocurrency's value, which could lead to further price stabilization and growth.
XRP price forms bullish reversal setup, eyes 37% rally ahead
PositiveCryptocurrency
XRP is showing signs of a bullish reversal, with analysts predicting a potential rally that could push its price close to $4. Currently trading at $2.86, this upward trend is significant for investors and the broader cryptocurrency market, as it reflects growing confidence in XRP's future performance.
BlackRock acquires $437.5M of Ethereum
PositiveCryptocurrency
BlackRock's recent acquisition of $437.5 million in Ethereum is a significant move that reflects growing institutional confidence in cryptocurrency. This investment not only highlights the potential for increased market stability but also paves the way for broader mainstream adoption of digital assets. As major financial players like BlackRock enter the crypto space, it could encourage more investors to consider cryptocurrencies as a viable asset class.
SEC aims to formalize innovation exemption by early 2026
PositiveCryptocurrency
The U.S. Securities and Exchange Commission, led by Chairman Paul Atkins, is making strides to formalize an innovation exemption by early 2026. This initiative aims to provide a clearer regulatory framework for crypto and fintech projects, which is crucial for fostering innovation in these rapidly evolving sectors. By establishing this exemption, the SEC hopes to encourage growth and investment while ensuring compliance with necessary regulations.
XRP Open Interest Nears $3B As CEO Sees $10B ETF Inflows Ahead
PositiveCryptocurrency
XRP is experiencing a surge in open interest, nearing $3 billion, as market analysts predict potential ETF inflows could reach $10 billion. Despite the token's struggle to surpass the $3 mark, the growing open futures positions indicate a strong interest in XRP, reflecting broader market trends. This uptick is significant as it suggests increased investor confidence and could lead to further price movements, making it a crucial moment for XRP and its stakeholders.
XRP Crash Brewing? Prices Continue to Print 'Lower Highs' Alongside New Highs in Bitcoin
NegativeCryptocurrency
XRP is facing a troubling trend as its prices continue to print lower highs, raising concerns among investors about a potential crash. This comes at a time when Bitcoin is reaching new highs, highlighting a stark contrast in the performance of these two major cryptocurrencies. The divergence in price movements could signal underlying issues within the XRP market, making it crucial for investors to stay informed and cautious.
Latest from Cryptocurrency
Next Crypto to Explode Live News Today: Timely Insights for Chart Sniffers (October 8)
PositiveCryptocurrency
The cryptocurrency market is buzzing with excitement as it approaches a staggering $4 trillion valuation, and today's insights highlight the potential for explosive growth. With major players like Circle and Mastercard looking to integrate USDC, the momentum is building for a new wave of investment and innovation in the crypto space. This is significant because it not only reflects the increasing mainstream acceptance of digital currencies but also suggests that we might be on the brink of a major breakthrough in the industry.
Bitcoin Hyper ($HYPER) Live News Today: Latest Insights for Bitcoin Maxis (October 8)
PositiveCryptocurrency
Bitcoin continues to make headlines as it reaches new heights, currently valued at over $110K. This surge is significant for both investors and enthusiasts, especially as we reflect on its journey from just a few cents in 2010 to its current status. The latest insights on Bitcoin Hyper provide valuable updates for those invested in the cryptocurrency market, highlighting the ongoing evolution and potential of digital currencies.
Bank Of England Eyes Exemptions To Controversial Stablecoin Cap Proposal – Details
PositiveCryptocurrency
The Bank of England is showing a more flexible approach towards digital assets by considering exemptions to its proposed stablecoin cap. This shift is significant as it could lead to a more favorable regulatory environment for stablecoins in the UK, potentially fostering innovation and investment in the digital asset space. As the global market evolves, such measures could help the UK maintain its competitive edge in the financial sector.
Bitcoin Plummets To $120,600: This Could Be The Next Support
NegativeCryptocurrency
Bitcoin has experienced a significant drop, falling below the $121,000 mark after a period of record highs. This sudden decline has raised concerns among investors about the stability of the cryptocurrency market. Analysts are now looking at potential support levels to gauge where Bitcoin might stabilize. Understanding these fluctuations is crucial for investors as they navigate the volatile landscape of digital currencies.
Bitcoin ETFs extend inflow streak with $876m as price holds near $122k
PositiveCryptocurrency
Bitcoin ETFs are on a roll, attracting a remarkable $876.5 million in inflows despite a slight dip in the asset's price. This trend highlights the growing confidence among investors in Bitcoin as a viable investment option, especially as the price hovers around $122,000. The sustained interest in Bitcoin ETFs suggests that many believe in the long-term potential of cryptocurrency, making this a significant moment for the market.
10% of Ethereum now locked in ETFs and treasuries – does ETH supply squeeze follow?
PositiveCryptocurrency
Institutional interest in Ethereum is surging, with over 12.5 million ETH now held in exchange-traded funds and Digital Asset Treasury Companies, representing about 10% of the total supply. This significant increase from earlier this year indicates a growing confidence in Ethereum's potential, which could lead to a supply squeeze and impact market dynamics. As more institutions invest, it highlights Ethereum's role as a key player in the cryptocurrency landscape.