The market is shifting quickly as major assets face volatility and changing sentiment. XRP (XRP) is trading within a bearish technical setup after dropping to $2.69 before stabilizing near $2.83. At the same time, Ethereum (ETH) has lost momentum following liquidations and ETF outflows that pushed it toward the $4,000 support zone.
Meanwhile, BlockDAG (BDAG) has drawn attention as an early-stage project. According to the project, it has raised nearly $420 million and reports 3 million X1 mobile miners, 20,000 hardware units shipped, and 312,000 holders ahead of its mainnet launch. These figures have not been independently verified.
XRP Holds $2.83 but Faces a Bearish Setup
XRP is attempting to recover after a dip to $2.69, now stabilizing near $2.83 and holding above its 100-day EMA. However, the risk remains if bulls fail to defend this level. A breakout above $2.94 and the $3.00 resistance could indicate renewed strength, while a drop below $2.70 might expose XRP to further downside near $2.59.
Beyond price action, Ripple is advancing its push into institutional adoption, focusing on tokenized real-world assets and a new lending protocol, Credit On-Chain. Retail activity has cooled, with futures open interest falling from $8.79 billion to $7.64 billion.
This mix of technical pressure and product development keeps XRP in focus, though its short-term trajectory depends heavily on how it performs against the $3.00 resistance zone.
Ethereum Nears $4,000 as Momentum Fades
Ethereum (ETH) slipped 3.5% in the past 24 hours, underperforming the broader markets 1.3% decline and briefly testing $4,000. The sell-off was linked to liquidations, renewed ETF outflows, and a technical breakdown. Over $1.8 billion in crypto long positions were liquidated on September 23, including $504 million in ETH positions, as futures funding rates turned negative. ETFs also recorded $140.8 million in withdrawals, reversing prior inflows.
Despite the pullback, institutional holdings remain elevated, with 6.3 million ETH valued at $25.4 billion acting as a potential support layer. A close below $4,000 could trigger deeper declines, while reclaiming $4,100 may improve near-term sentiment.
Ethereums volatility underscores the risks associated with leverage and rapid market shifts.
BlockDAG Reports Adoption Figures Ahead of Mainnet Launch
BlockDAG (BDAG) is an early-stage network that the project says is preparing for a mainnet launch. Project materials describe more than 3 million X1 mobile miners, 20,000 hardware units shipped, and 312,000 holders globally. The team also reports raising nearly $420 million and selling 26.5 billion coins; these claims are not independently verified.
The project has described an ongoing token sale with multiple batches and has referenced a testnet called the Awakening Testnet. Any future market price, exchange listing details, and adoption outcomes remain uncertain.
As with other early-stage crypto projects, reported participation metrics may change over time and may depend on factors such as product delivery, market conditions, liquidity, and regulatory developments.
In this context, BlockDAG is one of several projects being watched for whether reported usage and fundraising translate into a sustainable network after launch.
Conclusion: Adoption and Volatility Continue to Shape Market Narratives
XRPs bearish structure reflects cautious sentiment, while Ripples focus on real-world asset tokenization and lending products remains a key part of its longer-term roadmap. Ethereums momentum loss highlights how liquidations and ETF flows can amplify short-term price moves, even as institutional holdings remain significant.
BlockDAG is an early-stage project and has published figures related to its token sale and reported user activity. Readers should treat forward-looking statements and any implied performance expectations as uncertain.
Website (for reference): https://blockdag.network
Telegram (for reference): https://t.me/blockDAGnetworkOfficial
This article is for informational purposes only and does not constitute financial or investment advice. This outlet is not affiliated with the project mentioned.
