The price of XRP has recently fallen to $2.15 amid market turmoil following the U.S. Securities and Exchange Commission's decision to delay its ruling on the Franklin Templeton XRP ETF application. The deadline for the review has now been extended to November 2025, adding to the uncertainty surrounding the asset.
Currently, XRP's daily price chart indicates weak momentum, with the price fluctuating between $2.10 and $2.35. Traders are closely monitoring this range, as a breakout in either direction could signify future momentum. Key support levels are observed between $2.10 and $2.05, with critical resistance around $2.32 to $2.36. A sustained move above these resistance levels could pave the way for a rally towards $2.44 and potentially $2.60. Conversely, if XRP drops below $2.05, traders should be alert to the next support at $1.91 and then $1.80.
Despite the current dip, XRP has experienced an overall uptrend since April’s lows, sparking long-term optimism among traders who expect a potential rally to push prices significantly higher to above $5 if key support levels hold and if recent highs are breached. For now, without a decisive move past $2.33, the price is anticipated to remain sideways until a stable support zone is established.
The recent SEC delay has indeed unsettled the market; nevertheless, long-term prospects still seem promising for XRP should it maintain critical support. Traders are advised to keep a close watch on price movements in the coming days.
Currently, XRP's daily price chart indicates weak momentum, with the price fluctuating between $2.10 and $2.35. Traders are closely monitoring this range, as a breakout in either direction could signify future momentum. Key support levels are observed between $2.10 and $2.05, with critical resistance around $2.32 to $2.36. A sustained move above these resistance levels could pave the way for a rally towards $2.44 and potentially $2.60. Conversely, if XRP drops below $2.05, traders should be alert to the next support at $1.91 and then $1.80.
Despite the current dip, XRP has experienced an overall uptrend since April’s lows, sparking long-term optimism among traders who expect a potential rally to push prices significantly higher to above $5 if key support levels hold and if recent highs are breached. For now, without a decisive move past $2.33, the price is anticipated to remain sideways until a stable support zone is established.
The recent SEC delay has indeed unsettled the market; nevertheless, long-term prospects still seem promising for XRP should it maintain critical support. Traders are advised to keep a close watch on price movements in the coming days.
