WhyXRPIsCrashing

XRP has dropped again, worrying its community and investors. At the time of writing, the coin is trading at $2.24, showing a 1.63% drop in 24 hours. Its market cap is around $131.19 billion, and daily trading volume is at $2.81 billion.
XRP Price
Source: CoinMarketCap
Even though it gained more than 8% in the past month, recent news has caused its price to dip.
Why XRP is Crashing Today?
Several updates from the crypto market and regulatory world are pulling the altcoin down. Most of these are related to ETFs (exchange-traded funds) and decisions by the SEC (U.S. Securities and Exchange Commission):
Franklin Templeton XRP ETF Delayed: The SEC has officially postponed its decision on Franklin Templeton’s spot until June 17, 2025. The application was first submitted in March via Cboe BZX and was expected to be reviewed by May 3. The delay isn't a rejection, but the SEC said it needs more time to look at regulatory issues.
Polymarket Shows Falling Confidence: On Polymarket, a crypto prediction platform, the chance of the XRP ETF getting approved by July 31 dropped from 76% in December 2024 to just 45% on April 30, 2025. This shows that people in the community are losing hope in quick progress.
Polymarket XRP prediction
Source: Polymarket
ProShares XRP Futures ETF Launch Delay: Another big update came from ProShares, which plans to launch an futures on May 14. A previous filing made people think it would launch on April 30, but that was a mistake. This ETF doesn't actually hold the altcoin—it only tracks its price. ProShares also filed for a spot, but it’s still pending.
XRP Price Prediction: Will it Make a Comeback?
The TradingView price chart on Binance shows that the altcoin experienced a strong rally from $0.50 in October 2024 to a high of $3.55 in December 2024. Since then, the price has been trading sideways, consolidating in a range between $1.80 and $3.20. At present, XRP is trading at $2.24. The main support is between $2.00 and $2.06, and the resistance zone is between $2.80 and $3.00.
XRP Price Chart
Source: TradingView
A firm break above $2.80 and a consistent move above $3.20 may clear the way to $3.60 or even $4.00. But a fall below the $2.00 support may take the price down to $1.80, and in the worst case, to as low as $1.50. While there is still consolidation, bulls still have hope because the chart has been creating higher lows since the beginning of April—a bullish sign. A breakout above $2.50 may confirm the uptrend, though much depends on trading volume and overall crypto market sentiment.
What's Next for XRP?
The coin is at a sensitive stage. The price plummet is largely the result of setbacks in ETF approvals, not because there's something wrong with the coin itself. But investor morale has been affected. Here's what to monitor:
June 17, 2025: SEC ruling on Franklin's Case.
May 14, 2025: ProShares Futures launches.
Community sentiment: Current sentiment is low, but can quickly rebound if any ETF gets approved
Traders should monitor the $2.00 support for the time being and wait for a breakout above $2.50–$2.80 before anticipating any significant upside move.
Conclusion
The altcoin recent fall is connected with ETF delays, not the fundamentals of the coin. The market is responding emotionally, but it can switch at a quick pace if some good ETF news surfaces. For now, the price could stay choppy. Remain vigilant and keep track of development from the SEC and top crypto analysts.

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