XRP Price Analysis: Recent Developments

The price of XRP has fallen sharply, trading at $2.15 at the time of writing. This drop follows the U.S. Securities and Exchange Commission (SEC) delaying its decision on the Franklin Templeton XRP ETF application. The new review deadline has been pushed to November 2025, adding more uncertainty to the market.

Current Price Analysis

Analyzing XRP’s daily price chart, the market shows weak momentum in both directions. The price action is currently choppy and range-bound, stuck between $2.10 and $2.35. Unless the price breaks out of this range, traders expect XRP to continue moving sideways in the short term.

Important support levels to monitor are between $2.10 and $2.05. If XRP falls below this range with confirmation, the next support levels are between $1.95 and $1.91, followed by $1.80. On the bullish side, resistance is seen around $2.32 to $2.36. A clear move above this could signal a rally towards $2.44 and $2.60.

Future Outlook for XRP

Despite the recent dip, XRP has been in an uptrend since April’s low. There’s hope for a fifth wave rally that could push XRP prices above $5 long-term, but this requires XRP to hold support levels and breach recent highs.

In the short term, unless XRP climbs past $2.33 and forms a clear bullish pattern, the price is expected to remain range-bound, with traders monitoring for a stable support zone.

Conclusion

The SEC’s decision delay has shaken the market, and while long-term bullish hopes persist, XRP is currently struggling for momentum. Traders can expect further sideways price action in the coming days.