XRP News Today: XRP Tests $2.50 Barrier Amid SEC ETF Decision Delay

XRP, the cryptocurrency, is currently navigating a critical juncture as it tests the $2.50 barrier. The asset has formed a tightening triangle above the $1.99 support level, echoing historical breakout patterns that have previously triggered significant rallies. This technical formation, combined with the delay in the SEC's decision on the Franklin Templeton spot XRP ETF proposal, has added tension to XRP's structure, potentially defining its next directional move.

Historically, XRP has exhibited a cyclical trend of accumulation and vertical surges. From 2014 to 2017, XRP traded within a long-term symmetrical triangle between $0.003 and $0.01, leading to a parabolic breakout that pushed the price near $3.30 before a multi-year correction. This cycle repeated from 2018 to 2024, forming higher lows beneath $0.80 resistance. XRP broke out of this structure in early 2024 and climbed past $2.15 by mid-2025. It now forms a smaller ascending triangle with resistance near $2.33, mirroring past cycle behavior. According to the analyst's forecast, this fractal continuation could target the $20 level before any major correction unfolds. However, previous tops often resulted in over 90% drawdowns, outlining a potential reversal range.

Another expert views XRP’s current consolidation as reaccumulation. The monthly chart shows a clear breakout from a multi-year range, with support now holding near $1.99. Since April, XRP has bounced off this level multiple times, reflecting strong buyer interest. Candlestick formations show long lower wicks, indicating consistent dip buying. The range between $1.60 and $1.80 holds significance, aligned with the 0.618 Fibonacci retracement of the previous rally. This zone could act as a high-interest bid level if tested again. The fact that XRP continues to trade above important structural levels despite the heightened volatility is an additional positive to take into account. Even though the price was rejected at $3.33, buyers are still defending support, which is creating the conditions for new impetus. Structure remains intact for continuation, pending confirmation of breakout strength.

This week, the SEC postponed its ruling on the Franklin Templeton spot XRP ETF proposal, moving the deadline to July 22. This regulatory delay has added a new dimension to XRP’s technical setup as market participants await clarity. The ETF development could act as a catalyst, either supporting bullish continuation or stalling momentum. Analysts emphasize that XRP currently tests both trendline support and macro resistance, trapped within a tightening zone. The subsequent upward objective is still close to $3.00 if bulls retake control. However, if important support zones are not held, XRP may return to $1.60–$1.80.

With price compression and increased ETF speculation, XRP finds itself at a critical juncture. The cryptocurrency now balances historical structure, institutional narratives, and a high-stakes technical breakout zone. The outcome of this phase will likely determine the next significant move for XRP, whether it continues its upward trajectory or faces a correction. The delay in the ETF decision adds an element of uncertainty, making the current situation even more pivotal for traders and investors alike.