The post Can XRP Price Break $2.80 As SEC Sets 75-Day ETF Deadline? appeared on BitcoinEthereumNews.com.

As XRP price hovered near the $2.8 level over the last couple of days, the Ripple token locked in a narrow trading band. The U.S. Securities and Exchange Commission (SEC) introduced a shorter 75-day review process for exchange-traded fund (ETF) applications, a change expected to impact products tied to XRP. Technical readings showed the market in oversold conditions, with support forming near $2.70 and resistance appearing close to $2.81. XRP Price Stays Confined to Narrow Levels The XRP price registered modest daily gains, moving toward $2.80 at press time. Compared with BTC, XRP advanced about 2%, trading near 0.0000255 BTC. The Relative Strength Index (RSI), a momentum indicator that measured overbought and oversold conditions, was close to 46 at press time. This level placed XRP below the midpoint of 50, indicating a neutral to pressured state. Support near $2.70 remained a critical marker. Market participants recalled recent instances when this level had stopped declines. Its ability to hold under pressure continued to be tested as traders assessed downside risk. Resistance for the Ripple coin price stood near $2.81. This ceiling repeatedly blocked upward attempts, compressing price action into a restricted zone. Together, support and resistance created a range that prevented strong directional moves. Analysts reviewed the RSI in relation to past patterns. Earlier oversold conditions had matched with local bottoms in the market. However, the RSI’s current position below 50 suggested buyers lacked conviction. A recovery above 50 would have pointed to improving demand, but no such signal had appeared at press time. Source: X Regulatory Shift Alters ETF Timelines The SEC announced that exchange-traded fund applications would now be reviewed within a maximum of 75 days. The previous system required longer periods, extending uncertainty for issuers and investors. This rule change had a direct effect on digital asset products.…

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Filed under: News - @ September 28, 2025 5:28 pm