A naukri.com initiative
Coinjournal
1d
277
Image Credit: Coinjournal
XRP price holds above $2 as SEC delays Franklin Templeton XRP ETF
- XRP price drops below $2.30 as SEC delays Franklin Templeton’s spot XRP ETF decision.
- Geopolitical tensions, including the Israel-Iran conflict, lead to a broader crypto market dip.
- XRP's price prediction depends on support at $2.00 and resistance at $2.50.
- Ripple’s XRP token fell close to $2.00 amidst a market downturn fueled by geopolitical tensions.
- Geopolitical tensions, especially the Israel-Iran conflict, caused a decline in risk assets like Bitcoin and XRP.
- US President Donald Trump's remarks on a peace deal added to market uncertainty and dampened sentiment.
- XRP faced increased pressure as the SEC delayed the decision on Franklin Templeton’s spot XRP ETF.
- XRP's price decline followed the SEC's extension of the review of the ETF, dropping below $2.20.
- XRP experienced a 6% loss, reaching lows of $2.13.
- Despite market volatility, XRP maintained above the crucial $2.00 level.
- The market's reaction is uncertain due to geopolitical risks and the Fed's interest rate decision.
- Most expected the SEC to delay the XRP ETF decision, potentially seeking eventual approval.
- XRP struggles to hold above $2.30, impacting buyer confidence.
- XRP currently trades around $2.20, with key support at $2.00 and resistance at $2.50.
- Technical indicators show mixed signals, with potential for oversold conditions and a slight uptick.
- Price prediction suggests a breakout above $2.30 could target $2.50 and potentially $3 ahead of SEC decision.
- A breakdown below $2.00 may test bullish sentiment and focus on the $1.75 support area.
Read Full Article
16 Likes
For uninterrupted reading, download the app