$XRP XRP Update: ETF Debut, Market Pressure, Key Levels ⚡
XRP fell 4.3% to $2.22 despite the launch of the new XRPC U.S. spot ETF, which saw $58.6M in first-day volume. Sellers dominated near $2.23–$2.24, keeping the market bearish.
Key Levels:
* Support: $2.22 (short-term pivot), $2.16 (Fibonacci)
* Resistance: $2.23–$2.24, $2.31
* Downside Risk: If $2.22 fails, next targets $2.02–$1.88
Market Notes:
* ETF inflows show institutional interest, but macro pressures are suppressing crypto momentum.
* A V-shaped intraday reversal indicates short-term buying, but a broader bearish trend remains.
* Reclaiming $2.24–$2.31 is needed to rebuild bullish structure; break above $2.48 shifts bias higher.
Traders should watch $2.22 support and early XRPC ETF flows for short-term volatility cues.
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