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The price of $XRP has fallen sharply, to trade at $2.15 at the time of writing. This drop comes shortly after the U.S. Securities and Exchange Commission (SEC) delayed its decision on the Franklin Templeton $XRP ETF application. The new review deadline has now been pushed to November 2025, adding more uncertainty to the market.
$XRP Price Analysis: What’s Happening?
Looking at $XRP’s daily price chart, the market currently shows weak momentum in both directions. The price action remains choppy and range-bound, stuck between $2.10 and $2.35 for now. Unless the price breaks out of this range, traders expect $XRP to continue moving sideways in the short term.
Important support levels to watch are between $2.10 and $2.05. If $XRP falls below this range with confirmation, the next support lies between $1.95 and $1.91, followed by $1.80. On the bullish front, resistance is seen around $2.32 to $2.36. A clear move above this could open the door for a rally towards $2.44 and $2.60.
What’s Next for $XRP?
Despite the recent dip, $XRP has been in an uptrend since April’s low. There’s still hope for a fifth wave rally that could push $XRP prices above $5 in the long run, but for that to happen, $XRP needs to hold support levels and break above recent highs.
In the short term, unless $XRP can climb past $2.33 and form a clear bullish pattern, the price is expected to remain range-bound, with traders keeping a close watch on whether the market finds a stable support zone soon.
Conclusion
The SEC’s decision delay has clearly shaken the market, and while long-term bullish hopes remain alive, $XRP is currently struggling for momentum. Until a clearer move happens, traders can expect more sideways price action in the coming days.