XRP News: Investors Debate XRP’s Future as Price Holds Critical $2 Support

The price of XRP, the native cryptocurrency of the Ripple blockchain network, has been under close scrutiny by investors and analysts as it holds onto its critical $2 support level. The digital asset’s future remains uncertain, with debates raging about whether it is poised for a major reversal or another downturn.

XRP Price Prediction: Holds $2 Support—Reversal Signal or Fakeout?

Investors and analysts are closely monitoring XRP’s critical $2 zone, debating a major reversal or another downturn. After briefly dipping below $2, XRP rebounded to $2.13, showing resilience amid volatility. Daily trading volume surged 30%, highlighting strong investor activity. Analyst Ali Martinez warned that a drop below $2 could confirm a head-and-shoulders pattern, signaling a macro trend shift.

XRP Price Threatens Crash Below $2

Ripple’s XRP, the 4th-largest cryptocurrency by market cap, has shed nearly one-fifth of its value this week and is 33% below its January peak. Investors face a decision on whether to buy the dip or pivot to alternative cryptocurrencies. XRP is holding above the $2 threshold, but sustained losses could threaten this support level. Despite recent setbacks, XRP is up over 6% year-to-date, while other top 10 cryptos have declined.

SEC Delays Decision on XRP ETF as Franklin Templeton Applies

The U.S. Securities and Exchange Commission (SEC) has delayed its decision on Grayscale’s application for an XRP exchange-traded fund (ETF). According to a notice filed on Tuesday, the Commission stated that a longer period of time is needed to determine whether the application will be approved or denied. Grayscale’s application triggered an initial review period of 45 days, which the SEC can ultimately extend up to 240 days. Meanwhile, Franklin Templeton has also filed an application for a spot XRP ETF.

Best Crypto to Buy: XRP, Story, Solaxy Top Picks for Q2

As Q2 approaches, a few crypto projects are showing strength despite the bearish market. XRP is holding up well despite dipping below $2, potentially due to the end of the SEC drama. This could allow banks to embrace XRP’s fast settlement times. Ripple’s new RLUSD stablecoin is also live on the XRP Ledger. Other high-potential cryptos worth considering include Story and Solaxy.