XRP Nears Critical Support Zone: Traders Anticipate Potential Rebound

XRP is approaching a crucial Fibonacci support zone between $2.078 and $2.00 after a 15% pullback from its recent high of $2.36. market analysts highlight this level as historically significant for price recoveries, with technical indicators hinting at a possible reversal in momentum.

XRP Price Nears Critical Support Zone as Traders Eye Potential Rebound

XRP approaches a pivotal Fibonacci support range between $2.078 and $2.00 following a 15% retracement from its recent peak of $2.36. Market observers note the zone has historically served as a springboard for price recoveries.

Technical indicators suggest waning selling pressure, with the Relative Strength Index flashing early signs of momentum reversal. "This correction lands XRP at its most significant support test in weeks," noted analyst CasiTrades, highlighting the confluence of technical factors.

A successful defense of current levels could pave the way for upside targets at $2.25 and $2.68. The asset’s compression phase has drawn increased attention from traders anticipating volatility expansion.

Ripple’s Legal Officer Criticizes Senator Warren Over Stablecoin Bill Opposition

Ripple’s Chief Legal Officer Stuart Alderoty has publicly rebuked Senator Elizabeth Warren for her opposition to the GENIUS Act, a bipartisan stablecoin regulation bill. The legislation aims to establish consumer protections in the rapidly growing stablecoin market.

Alderoty accused Warren of undermining legislative progress while Senator Schumer urged Democrats to demand stricter oversight of foreign issuers like Tether. Senator Gallego echoed concerns about insufficient protections and lack of Democratic input in the current bill draft.

The confrontation highlights growing tensions between crypto innovators and policymakers as the industry seeks regulatory clarity. Ripple’s vocal stance reflects the high stakes for XRP and other digital assets navigating Washington’s evolving crypto landscape.

Ripple XRP Evolves Beyond Payments into a Multifaceted Financial Ecosystem

XRP, traditionally synonymous with cross-border payments, is undergoing a quiet revolution. The digital asset is expanding its utility beyond fast, low-cost transactions to become a comprehensive ecosystem for finance, commerce, gaming, and government applications.

The XRP Ledger (XRPL) now supports decentralized finance (DeFi) tools, including token swaps, lending applications, and tokenized assets. Its competitive edge lies in cost efficiency—unlike Ethereum’s often prohibitive fees, XRPL maintains speed and affordability for developers and users alike.

Ripple’s XRP Ledger Advances DeFi with Stablecoin Innovation

Ripple’s XRP Ledger is carving a niche in decentralized finance through its focus on stablecoin integration and real-world financial applications. Jas Takhar, Ripple’s Vice President of Engineering for Stablecoin and Custody Engineering, underscored these developments during a session at the Chainalysis Links conference in New York City.

The XRP Ledger’s advancements aim to streamline stablecoin payments and enhance DeFi capabilities, positioning it as a key player in the evolving digital asset landscape. Its emphasis on tokenization could bridge traditional finance with blockchain-based solutions.