XRP Dips Toward Critical Support as SEC Kicks Franklin Templeton’s ETF Can Down the Road

XRP bulls sweat as price slides toward make-or-break levels—just as regulators hit pause on yet another crypto ETF. Classic.

SEC delays decision on Franklin Templeton’s spot Ethereum ETF application until June. Meanwhile, XRP tests $0.50 support—a level that’s held since January’s rally. Break this, and we’re staring at sub-$0.45 territory.

Market watchers shrug: ’Another day, another regulatory bottleneck.’ Meanwhile, Wall Street gets paper-based Bitcoin ETFs approved in 90 days flat. Priorities, people.

Moving averages present a more optimistic picture. XRP is currently trading above almost all significant short and mid-term moving averages. The moving average convergence/divergence suggests a potential upward push, but the majority of oscillators also show indecision.

If bullish pressure persists and XRP recovers higher support above $2.30, the next resistance lies NEAR $2.50, and a breakout could possibly target the $2.85–$3.00 area. On the other hand, XRP may decline toward $2.00 or, in the worst scenario, back to $1.85 if the current consolidation breaks downward.