XRP price slides 14% after $250M in long liquidations - Bull trap ahead? XRP's bullish setup faces a critical reality check. Is the market crossing the threshold from cautious optimism to outright euphoria? Technically, this week was the most bullish since the Q3 2025 cycle began. XRP is arguably the best asset in this regard, rising over 46% this week and forming a long upper shadow at 1.70, its highest price in more than seven months. XRP was also the best-performing large-cap asset on a weekly basis. Nevertheless, the past 24 hours could teach optimists a lesson about the market environment. As the chart below shows, XRP closed the day at $1.46, marking a sharp 14% pullback from the $1.70 local top. Furthermore, if we consider all large-cap assets, including Bitcoin [BTC] and Ethereum LETH], the flash crash most affected XRP. This is the most evident sign that the asset's bullish trend could soon reverse.#BTCBreaks77000 #GateLaunchesJapaneseStockTrading #GateBTCSpotTradingRanks#2Globally #ETHBreaks2400 #GateStockInsightsChallenge $XRP ‌

Ripple CEO says U.S. crypto rules near decisive test Ripple CEO Brad Garlinghouse said on Aug. 22 that the U.S. is "closer than ever" to establishing clear cryptocurrency rules following a week of regulatory meetings in Washington. Garlinghouse joined CFTC committee's inaugural meeting on August 20 alongside leaders from finance and crypto. SEC and CFTC guidance established five token categories but did not create binding federal legislation. CLARITY Act faces September 15 cloture vote, requiring 60 senators to advance toward floor consideration. Ripple's SEC cross-appeals were dismissed, leaving $125 million penalty and injunction in force under judgment.$XRP ‌

$XRP is trading around $1.4968, down approximately 0.79%. Right now, XRP is showing mild weakness while BTC remains almost flat. That relative underperformance is worth watching. The next signal will come from how buyers respond. If XRP absorbs the selling pressure and starts recovering, this could simply be normal short-term volatility. But continued weakness while the broader market stays stable would show that momentum is still missing. I’m not trying to predict the bottom here. I’d rather wait for buyers to show strength first. Price gives the move. Confirmation gives the setup. #XRP #XRPCommunity