Ether and XRP Drop: Liquidations and Economic Woes Shaking the Market

Market Update: Ether and XRP Struggle Amid Massive Liquidations

The cryptocurrency market continues to face significant pressure following massive liquidations, with Ethereum (ETH) and XRP both experiencing notable declines. As of August 26, 2025, XRP is trading at $2.89, reflecting a decrease of 1.47% on the day and 3.78% over the week. This drop keeps XRP below the critical $3 mark, which has proven to be a strong resistance level in recent sessions.

Market analysts suggest that a breakout above $3 could pave the way for XRP to reach between $3.20 and $3.30, with potential long-term targets of $7 to $8 if institutional acceptance continues.

Ethereum has also seen a downturn, falling to $4,412, a daily loss of 3.94%. Despite this, ETH remains up 2.6% for the week and 16% for the month. The recent liquidations have forced the closure of $320 million in long positions for Ethereum, while Bitcoin saw $277 million in liquidations.

As volatility increases, with Bitcoin's daily volatility jumping from 15% to 38% and Ethereum's from 41% to 70%, the market is bracing for upcoming US economic data releases, including GDP figures on August 28 and employment numbers on September 1.

Key Takeaways:

XRP is currently priced at $2.89, struggling below the $3 resistance level.
Ethereum is at $4,412, still showing weekly and monthly gains despite recent losses.
Upcoming US economic data may influence market volatility.

Source: Wallstreet Online

SEC Delays Cardano ETF Decision; Hoskinson Accelerates XRP Integration

The U.S. Securities and Exchange Commission (SEC) has postponed its decision on the Grayscale Cardano ETF, prolonging uncertainty for investors seeking regulated access to ADA. The deadline for the SEC's decision is set for October 26, 2025. Meanwhile, Charles Hoskinson is pushing for the integration of XRP into Cardano's ecosystem, aiming for XRP to be natively available in Cardano's Lace wallet by the end of 2025.

Additionally, XRP will be incorporated into Cardano's privacy sidechain, Midnight, with over two million wallets eligible for airdrops of 2.6 billion NIGHT tokens. Hoskinson has also announced a joint Cardano-XRP event to foster collaboration between the two communities.

Key Takeaways:

SEC's decision on Cardano ETF delayed until October 26, 2025.
XRP integration into Cardano's ecosystem is being accelerated.
Joint events planned to strengthen ties between Cardano and XRP communities.

Source: BTC-ECHO

Gemini Launches XRP Credit Card with Cashback Rewards

Gemini has introduced a new credit card that rewards users with XRP for their purchases. The card offers up to 4% cashback on specific categories such as gas, electric vehicle charging, and rideshare services, while restaurant purchases yield 3% and supermarket purchases 2%. All other transactions earn 1% cashback.

Notably, there are no annual fees or costs for crypto rewards or foreign transactions. Users can also switch between various cryptocurrencies, including Bitcoin and Ethereum, enhancing the card's appeal as a practical tool for everyday spending.

Key Takeaways:

Gemini's XRP credit card offers up to 4% cashback on select purchases.
No annual fees or costs for crypto rewards.
Card aims to integrate cryptocurrencies into daily transactions.

Source: Cointelegraph

XRP Futures Surpass $1 Billion Open Interest on CME Platform

Recent reports indicate that XRP futures have crossed the $1 billion mark in open interest on the CME platform. This milestone reflects growing institutional interest in XRP as a trading asset. The increase in open interest suggests that more traders are betting on the future price movements of XRP, indicating a bullish sentiment in the market.

Key Takeaways:

XRP futures open interest exceeds $1 billion on CME.
Growing institutional interest in XRP as a trading asset.

Source: Yahoo Finanzen

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