Ripple experiences three consecutive falls! XRP Spot ETF latency triggers long positions unease, BTC falls below 110,000 USD.

On August 26, the crypto market continued to be under pressure, with Ripple (XRP) falling for three consecutive days due to delays in the approval of the Spot ETF, recently reported at $2.86, a daily decrease of 5.52%. At the same time, Bitcoin (BTC) fell below $110,000, intensifying concerns about the slowdown in institutional capital inflow.

XRP ETF latency, price catalysts missing

Background: The US SEC has delayed the approval of multiple XRP Spot ETFs, causing a halt in institutional capital inflow.

Impact: Investors lock in August profits, selling pressure increases

Key Timeline (Deadline in October):

Grayscale XRP Trust: 10/18

21Shares Core XRP Trust: 10/19

Bitwise XRP ETF: 10/20

Canary, CoinShares, Franklin Templeton, RexShares, WisdomTree: 10/24–10/25

Although the appeals court has confirmed that XRP does not constitute a security in secondary market sales, the standardized encryption ETF framework established by the SEC has led to delays in approval. Several issuers have submitted S1 amendments, indicating that the ETF framework may be close to launch.

BTC falls below 110,000 USD, ETF outflow pressure becomes apparent

ETF capital outflow: Last week, the US BTC Spot ETF had a net outflow of 1.18 billion USD.

Whale Sell-off: A single-day sell-off of 24,000 BTC (approximately 2.7 billion USD) triggered a flash crash.

Market reaction: BTC has fallen for three consecutive days, closing at 110,194 USD on Monday.

Signs of ETF inflow recovery (8/25):

FBTC: +6.56 million USD

ARKB: +61.2 million USD

BITB: +15.2 million USD

Total inflow on that day: $148.3 million (excluding IBIT)

Technical Analysis

1. XRP

(Source: Trading View)

Support level: $2.7254 (low point on 8/3)

Resistance level: $3.6606 (historical high)

Bearish scenario: ETF approval delay + macroeconomic bearishness → falls below $2.72, probing down to $2.5

Bullish scenario: ETF approval + Ripple bank license passed → Break through $3.66, target $5

2. BTC

(Source: Trading View)

Support level: $100,000 (psychological barrier)

Resistance level: $123,731 (historical high)

Bearish scenario: Legislative setbacks + Continuous outflow of ETF funds → Fall to 100,000 USD

Bullish Scenario: Passage of the CLARITY Act + ETF capital inflow → Challenge historical highs

Short-term Market Observation Highlights

XRP Spot ETF Progress: October Approval Node May Become Price Turning Point

U.S. Economic Data: Consumer Confidence, PCE Index, and GDP Will Influence Federal Reserve Policy Expectations

Legislative Dynamics: The CLARITY Act and SWIFT Related Policies

ETF fund flow: Institutional capital return will be the key to the rebound.

Conclusion

XRP and BTC are currently at critical price levels, with short-term trends highly dependent on the progress of ETF approvals and macroeconomic data. If the XRP ETF is approved in October, it could serve as a catalyst for breaking historical highs; meanwhile, if BTC can restart capital inflows, it is expected to return above $120,000.