XRP Price Prediction: Will XRP Lose the $2 Support or Reclaim $3 as SEC Moves Fuel Ripple’s ETF Hopes?
The post XRP Price Prediction: Will XRP Lose the $2 Support or Reclaim $3 as SEC Moves Fuel Ripple’s ETF Hopes? appeared on BitcoinEthereumNews.com.
As XRP continues its weeks-long consolidation around the $2.17 mark, market participants are closely watching whether the cryptocurrency will reclaim higher ground near $3 or falter below the critical $2.05 support zone. The tug-of-war between bullish optimism and regulatory headwinds has defined XRP’s recent price behavior, putting traders and investors on edge as the next big move appears imminent. Stuck in a Triangle: XRP’s Price Tightens Ahead of Breakout Over the past several weeks, XRP price action has remained trapped within a compressing triangle pattern on the daily chart. Despite several attempts, the token has failed to close above its descending trendline resistance, currently sitting near $2.26. According to recent technical readings, XRP’s immediate support lies between $2.05 and $2.10, with the resistance band near $2.26–$2.30 as the critical breakout threshold. XRP’s current behavior appears increasingly influenced by the self-fulfilling patterns often observed in market cycle theories, rather than traditional technical analysis. Source: relevantHope55603 on TradingView Momentum indicators on the 4-hour chart reflect the ongoing indecision. The Relative Strength Index (RSI) hovers around 43, indicating a slightly bearish tone without suggesting oversold conditions. Meanwhile, XRP is trading below all its key exponential moving averages — the 50, 100, and 200 EMA levels — all clustered around $2.18–$2.19. The Bollinger Bands have also tightened significantly, signaling that a larger move is on the horizon. “Failure to reclaim $2.20 may embolden sellers,” noted one analyst, “especially if support near $2.05 weakens. A decisive close below that could send XRP toward $1.88.” XRP News: SEC Decision Could Spark Major ETF Momentum While technicals point to consolidation, macro developments may soon tip the scale. Ripple XRP news has been dominated by speculation surrounding a potential XRP spot ETF in the United States. Investor hopes are rising following Brazil’s approval of an XRP ETF and…
Filed under: News - @ May 6, 2025 7:22 pm