XRP Price Drops 3.85% Amid Profit-Taking and Technical Rejection
XRP's price dropped by 3.85% to $1.5112 on September 27, following a sharp multi-day advance toward key resistance levels.
The decline was driven by tactical profit-taking and technical rejection as institutional and retail sellers locked in gains from the recent rally.
Market anticipation surrounding the upcoming monthly token release window from Ripple's escrow holdings also contributed to the intraday downward friction.
Firm US Treasury yields and general risk-off positioning across broader crypto and legacy asset markets constrained aggressive dip-buying, preventing market makers from sustaining higher price levels.
Despite this decline, on-chain metrics indicate that long-term wallet accumulation and spot ETF assets under management remain relatively resilient.