XRP Price Holds Steady at Support Level – About to Rise to $5?

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The legal battle between Ripple Labs and the Securities and Exchange Commission of the United States (SEC) has reached a resolution that could reshape the future of XRP. The case revolves around the allegations that Ripple sold XRP illegally as unregistered securities, culminating in Ripple agreeing to pay a settlement amount of 50 million dollars — less than half of the original fine of 125 million dollars. It is important that Ripple does not acknowledge wrongdoing. This agreement marks a significant moment in the regulation of cryptocurrency in the United States, signaling a softer tone in enforcement and providing clarity for market participants who have long been wary of SEC actions.

This agreement has sparked new optimism in the XRP community and is seen as a green light legally that could encourage institutional participation. The Approval of XRP ETF is Attracting Attention With the legal uncertainty, speculation is increasing around the approval of an exchange-traded fund (ETF) based on XRP. ETF Store President Nate Geraci has stated that it is "clear" that a spot XRP ETF will eventually be approved. He expects large companies like BlackRock and Fidelity to lead this trend, as XRP is ranked as the third largest non-stablecoin cryptocurrency by market capitalization. The sentiment on-chain reflects that outlook. On the cryptocurrency prediction platform Polymarket, users assign an 86% chance that an XRP ETF will be approved by the end of 2025. The growing consensus emphasizes the willingness of institutions to adopt XRP—provided that regulatory clarity is maintained. XRP/USD Price Action Only Shows Weakness in the Short Term Despite the bullish fundamentals, the technical setup of XRP has shifted to a defensive stance. The price is currently trading at $2.21, down nearly 6% in the past 24 hours. The recent breakout from the symmetrical triangle pattern, coupled with the bearish engulfing candle on the 4-hour chart, confirms the downtrend. XRP has dropped below the 50 EMA at $2.37 and breached the support level at $2.31, both of which are acting as resistance.

RSI is fluctuating around the level of 23, indicating a state of severe overselling. The support level is at $2.13, with the next levels at $2.01 and $1.89. A recovery above $2.31 may alleviate some pressure, but the trend remains bearish until a close above $2.47. Traders should monitor stability above support levels and confirm volume before positioning for an upward trend. Fundamentally, the long-term case for XRP appears to be strengthening—but in the short term, the technical picture shows caution. Key points to remember: Ripple settles with SEC for $50 million, enhancing transparency in regulation. Speculation on XRP ETF is increasing, with an approval rate of 86% by 2025. XRP is trading at $2.21; a drop below $2.31 signals a bearish trend in the short term.

XRP1.84%
BAN-1.55%
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