XRP Plummets 9% Amid SEC ETF Roadblock – Will $1.80 Hold the Line?
Regulatory whiplash strikes again as XRP tanks nearly double-digits following the SEC''s latest ETF delay. The ''digital asset'' rollercoaster continues its nauseating ride.
Blood in the water
Traders scramble as XRP''s price collapses 9% in a single session—another casualty of Wall Street''s favorite sport: kicking the crypto can down the road. The $1.80 support level now stands as the last line of defense against full-blown panic selling.
The ETF illusion
Another quarter, another postponement. The SEC''s predictable foot-dragging proves traditional finance still hasn''t decided whether to adopt crypto or strangle it in its crib. Meanwhile, exchanges report leveraged longs getting liquidated faster than a bankrupt crypto hedge fund.
Will this dip attract brave contrarians or trigger a cascade? Grab your popcorn—the market''s about to show whether ''regulation clarity'' is anything more than a campaign slogan.
The price of XRP has fallen sharply, dropping over 9% 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.
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.
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.
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.
