XRP Price Analysis: $2.40 Break Could Define Next Leg Ahead of ETF Decisions
CoinDesk
XRP is stabilizing above support, but strategists caution a potential drop to $1.55 before a possible recovery, influenced by ETF decisions and macro factors.Summary
XRP has stabilized above short-term support after a volatile period, currently trading between $2.34 and $2.39. Strategists warn of a possible pullback to $1.55 before a potential recovery towards the $7–$27 range. Market sentiment remains cautious due to $19 billion in cross-crypto liquidations and ongoing developments regarding Ripple’s $1 billion capital raise and the SEC’s review of spot XRP ETF filings. A break above $2.40 could trigger a move towards $2.65, while failure to hold $2.34 could expose lower support levels. Traders are closely monitoring ETF headlines and macroeconomic developments, particularly U.S.-China trade tensions and Federal Reserve policy, for potential volatility triggers.
(Source：CoinDesk)