XRP Falls 2% Even As SEC Approves Hashdex Nasdaq ETFs

The XRP price tumbled 2% in the past 24 hours to trade at $2.831 as of 4:53 a.m. EST even as trading volume surged 25% to $6.49 billion.

This comes even as the US SEC approved the Hashdex Nasdaq crypto US exchange-traded fund (ETF), which will hold XRP alongside Bitcoin, Ethereum and others leading cryptos.

Here we go…

Hashdex Nasdaq Crypto Index US ETF *approved* under SEC’s new generic listing standards.

Will now be able to own crypto assets beyond btc & eth.

Looks like xrp, sol, & xlm. pic.twitter.com/OyZO9MLnMx

— Nate Geraci (@NateGeraci) September 25, 2025

The approval allows the asset manager to align its US-listed ETF products with the full composition of the Nasdaq Crypto Index.

With the fund now able to expand beyond the two top cryptocurrencies, XRP will comprise approximately 6% of the Index, and SOL 4.3%. However, BTC and ETH remain the dominant cryptocurrencies, accounting for 72.5% and 14.8%, respectively, while Cardano will account for 1.2%.

Meanwhile, Flare, a layer-1 decentralized (DeFi) interoperability network, has launched the first FAsset on its mainnet, FXRP v1.2, designed for XRP holders to leverage their assets across the DeFi ecosystem.

XRP Battles Key Resistance, Poised For Breakout

The XRP price has demonstrated strong resilience over the past year, and the weekly chart indicates that the cryptocurrency is currently consolidating within a crucial zone, in an ascending triangle pattern.

After a sharp rally earlier in 2025, XRP has entered a phase of higher lows, supported by a rising trendline that is helping to maintain bullish sentiment. The recent rejection from the $3.65 region highlights this level as a significant resistance zone, where sellers continue to take profits. However, the steady upward slope of the candles signals ongoing accumulation, with the price currently hovering around $2.83.

Examining the major indicators, the moving averages offer a supportive outlook. The 50-week Simple Moving Average (SMA) is trending upward at $2.32, now acting as a dynamic support level and aligning with the ascending trendline. Meanwhile, the 200-week SMA sits much lower at $0.98, reflecting how far the longer-term momentum has carried XRP.

Meanwhile, the Relative Strength Index (RSI) on the weekly timeframe is neutral, currently trading around 53.86. This places XRP in equilibrium, which means the market can move in either direction.

With the price movements and action, XRP is approaching a decisive moment. The consolidation beneath the $3.65 resistance suggests that a breakout above this zone could trigger a renewed rally, potentially extending gains by 20% or more, with $4.00 as the next target.

On the downside, failure to maintain the rising trendline and 50-week SMA could push the Ripple token price back toward the $2.30 area, with further weakness possibly opening the door to $2.00.

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