XRP faces another 10% dip: When will bulls step in?

In a recent interview on the 'Crypto Prime' podcast, Robbie Mitchnick, BlackRock's global head of digital assets, discussed the potential for a spot XRP exchange-traded fund (ETF). While he did not provide any definitive answers about launching such a product, his insights into BlackRock's approach to digital assets sparked further curiosity in the investment community. This conversation is significant as it highlights the ongoing interest in cryptocurrency ETFs and the role major financial institutions like BlackRock play in shaping the market.

The demand for XRP on the CME derivatives exchange is surging, with a remarkable trading volume of over $18 billion. This increase is particularly significant as it comes just before the potential approval of XRP ETFs, which could further boost institutional interest in the altcoin. The CME group recently announced that it has achieved a four-month milestone for XRP futures, indicating a strong bullish outlook for the cryptocurrency. This trend not only reflects growing confidence in XRP but also suggests a shift in market dynamics that could benefit investors.

Bahrain has officially certified XRP as Shariah-compliant, a significant move that opens the door for the cryptocurrency to be utilized in Islamic finance. This development is crucial as it not only legitimizes XRP within the Islamic financial framework but also paves the way for broader adoption of digital currencies in the region. With the growing interest in cryptocurrencies, this certification could attract more investors and institutions looking to engage in compliant financial practices.

A significant change is happening in the XRP ecosystem as billions of tokens are being withdrawn from open trading and locked away for extended periods. This shift, highlighted by crypto expert Zach Rector, suggests that upcoming network upgrades and decentralized finance (DeFi) opportunities are motivating holders to commit their XRP. This is important because it could lead to increased stability and value for XRP, benefiting both investors and the broader cryptocurrency market.

ProfitableMining has just launched new XRP cloud mining contracts, marking a significant step in providing secure and passive income opportunities in the crypto space. This initiative is important as it allows users to engage in cryptocurrency mining without the need for extensive technical knowledge or hardware investment, making it accessible to a broader audience. With the growing interest in digital assets, these contracts could attract more investors looking for innovative ways to earn from the crypto market.

Bitcoin and several major altcoins are attempting to initiate a recovery, but analysts suggest they may face considerable selling pressure as prices rise. This situation is crucial for investors to monitor, as it could indicate the market's overall health and potential future trends.

SitonMining has launched an innovative 'mining + income' model aimed at helping XRP holders navigate the recent volatility in the cryptocurrency market. With XRP experiencing significant price fluctuations, this new approach offers a way for investors to earn income while holding onto their assets. This development is crucial as it not only provides a potential safety net for XRP holders but also highlights the evolving landscape of cryptocurrency investment strategies.

Exciting news for cryptocurrency enthusiasts as Dogecoin and XRP ETFs could soon receive approval from the SEC, potentially as early as next month. This development follows a new rule from the SEC and the upcoming deadline for fund issuers to submit final amendments. If approved, these ETFs could open up new investment opportunities and further legitimize these digital currencies in the financial market.

XRP's recent price drop to $2.7, down 26% from its peak this month, has raised concerns amid a broader cryptocurrency market crash. However, analysts are optimistic as technical indicators suggest a potential surge ahead. This matters because XRP's recovery could signal a turnaround for the entire crypto market, attracting more investors and stabilizing prices.

XRP's price has recently dropped below $2.80, falling to $2.74 after peaking at $2.92. This decline has resulted in a staggering loss of approximately $18 billion in market capitalization. Such significant fluctuations in the cryptocurrency market can impact investor confidence and highlight the volatility inherent in digital assets, making it crucial for investors to stay informed about market trends.

Cybersecurity experts are advocating for dual wallet management and AI monitoring to protect crypto firms from North Korean hackers. This approach could significantly enhance security measures, helping to safeguard digital assets and maintain trust in the cryptocurrency market. As cyber threats evolve, implementing advanced technologies like AI becomes crucial for the survival of these firms.

Ethereum has recently shown a rare oversold signal for the first time since its price dropped to $1.4K. This development comes after a period of weakness in Ether's price over the last two weeks, indicating a potential bottoming out. Such signals are significant as they can suggest a reversal in market trends, which is crucial for investors looking for opportunities in the cryptocurrency space.

The DeFi community is on high alert after HyperVault, a decentralized finance protocol, is suspected of executing a rug pull involving approximately $3.6 million. On-chain analytics firm PeckShield reported unusual fund outflows, raising concerns about the security and reliability of DeFi projects. This incident highlights the ongoing risks in the DeFi space, where investors must remain vigilant against potential scams.

A recent Bloomberg report reveals a dramatic 70% decline in corporate investments in crypto treasuries, with Bitcoin purchases dropping from 64,000 in July to just 12,600 in August. This significant downturn indicates a shift in market sentiment and raises concerns about the future of corporate engagement in the cryptocurrency space. As companies reassess their strategies, this trend could impact the overall stability and growth of the crypto market.

The cryptocurrency market is facing a significant downturn, with nearly $1 billion in liquidations reported in just 24 hours as Bitcoin continues to decline. This situation highlights the volatility of the crypto derivatives market, where traders are forced to close positions due to substantial losses. Such mass liquidations not only impact individual investors but also shake confidence in the broader cryptocurrency ecosystem, raising concerns about market stability and future investments.

Senators Elizabeth Warren and Elissa Slotkin are raising alarms over a $2 billion cryptocurrency deal tied to the Trump family, urging federal agencies to investigate. This scrutiny highlights concerns about potential financial misconduct and the implications of political connections in the crypto space. As the cryptocurrency market continues to grow, ensuring transparency and accountability is crucial for maintaining public trust.

The European Central Bank (ECB) has announced the results of its initial trials for the digital euro, revealing promising outcomes that pave the way for a second round of testing. This development is significant as it indicates the ECB's commitment to modernizing the euro and enhancing the efficiency of digital transactions in Europe. As the world increasingly shifts towards digital currencies, the success of these trials could position the euro as a competitive player in the global digital currency landscape.

Bitcoin's recent price movements in 2025 are showing a striking resemblance to its performance in 2017, particularly during the third quarter. After fluctuating between $100,000 and $115,000, Bitcoin has established a solid base at $107,000. This pattern not only reflects the past but also raises exciting possibilities for the future, with some analysts speculating that Bitcoin could reach $200,000 next. This matters because it highlights the cyclical nature of cryptocurrency markets and could influence investor sentiment and market strategies.