XRP News Today: XRP Hovers Near Key Support Levels Awaiting SEC ETF Ruling

XRP’s price action has been relatively subdued in recent days, with the cryptocurrency hovering around critical support and resistance levels. The market is at a pivotal juncture, and the behavior of XRP around these key levels could determine its next significant move. On the daily chart, XRP is approaching a crucial support zone between $2.30 and $2.34. A daily close below $2.30 could pave the way for a further decline, potentially pushing the price back toward the $2.10–$2.15 range. Despite this risk, the overall daily price structure for XRP remains bullish, with the market forming higher lows and higher highs, which is a positive sign during an uptrend. However, temporary pullbacks and sideways movements are common even in bullish trends.
On the upside, a clear break above the $2.48–$2.61 resistance range is necessary to confirm a meaningful bullish breakout and signal the start of a larger upward move. At the time of writing, XRP is trading at $2.40, up by more than 1% in the last 24 hours. XRP is currently experiencing a bearish divergence, making it difficult for the price to move higher and keeping it within a range. The market has not yet seen a clear breakout in either direction, with both bullish and bearish possibilities remaining on the table. A small bounce into the resistance zone is possible in the short term, but unless the price breaks through those upper levels, the overall market picture won’t change much.
It’s also important to keep an eye on Bitcoin’s price action since it continues to influence the broader altcoin market, including XRP. However, Bitcoin has crossed above $110k level and it remains to be seen if altcoins will also rally. The price of XRP has been relatively stable, trading around $2.30. The convergence of key moving averages, such as the 26, 50, and 100 Exponential Moving Averages (EMAs), indicates a tightening trend, which could signal a potential breakout or breakdown in the near future. If the price closes a daily candle below $2.30, it could open the door for a further drop, potentially falling back toward the $2.10–$2.15 range. Conversely, strong market sentiment could keep XRP above its 50-day EMA support, boosting the chances of returning to $3.00.
XRP has been witnessing a tough battle between buyers and sellers at the 20-day EMA ($2.35). The flattish 20-day EMA and the Relative Strength Index (RSI) near neutral levels suggest a period of consolidation. Several technical indicators point to a potentially explosive move for XRP. A tightening symmetrical triangle on the daily chart suggests compressed volatility, which typically precedes large directional moves. Volume is dropping during consolidation, a classic precursor to a breakout. The RSI is neutral, giving room for momentum to build without being overbought. Price targets from bullish analysts include $2.68 and $3.00, if $2.50 is cleared convincingly. However, if XRP fails to hold $2.50, it could revisit support around $2.27, making this a high-stakes standoff between bulls and bears.
The U.S. Securities and Exchange Commission (SEC) is expected to issue a ruling in the coming weeks on a proposed XRP spot ETF, a decision that could define Ripple’s short-term trajectory. If approved, the ETF would open the doors for institutional capital to flood into XRP, potentially triggering a sharp rally. If denied or delayed, short-term sentiment could sour, especially after recent optimism surrounding spot Bitcoin and Ethereum ETFs. The SEC is also withholding a decision on Dogecoin ETF applications, raising speculation that the agency may be planning to issue a broader digital asset ETF ruling. The market is clearly holding its breath, as XRP’s price structure and ETF anticipation are setting the stage for a dramatic move—one way or another.
Despite partial legal victories, Ripple’s ongoing courtroom saga with the SEC remains a wildcard. Many traders remain hesitant to go all-in on XRP while legal uncertainty looms. The SEC maintains that Ripple sold XRP as an unregistered security, while Ripple argues that XRP functions more like a commodity or currency, not a security. While progress has been made, final resolution is still pending, and investors are keenly watching for any rulings that could affect XRP’s classification—and its potential ETF approval. The next few weeks could prove pivotal for XRP. Whether it breaks out of its current technical pattern will likely depend on external catalysts—especially regulatory clarity and ETF approval. If the SEC gives the green light, XRP could surge past $2.50 and challenge the $3.00 range. But failure to deliver regulatory progress could trigger another round of selling and keep XRP stuck below $2.30. One thing is clear: XRP is coiling tightly—and a big move is coming.

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