📌 What’s Driving the Trend?

The SEC has officially postponed its decision on Franklin Templeton’s XRP spot ETF — pushing the review window to November 2025.

This follows a similar delay for Solana’s ETF and puts another dent in the “Altcoin ETF Summer” narrative.

XRP is now trading around $2.07 USDT, down ~3% on the day and firmly locked within its recent $2.03–$2.14 range.

🔎 Why This Delay Matters

  • Institutional patience test: Franklin’s filing is among the most polished, yet the delay signals that regulatory hurdles still loom.

  • Range-bound price: XRP hasn’t broken structure — yet. Traders are watching for either a catalyst or capitulation.

  • Macro momentum cool-off: The ETF narrative powered earlier rallies — but without headlines, sentiment could stall unless Q4 brings approval.

📈 Price Setup to Watch (Not Financial Advice)

  • Dip-buy zone: $2.03–$2.05 — this support has held multiple times through June.

  • Breakout trigger: Push above $2.15 on ETF optimism → potential move toward $2.30–$2.35.

  • Risk invalidation: Daily close below $2.00 opens the door to $1.90 retest.

⚠️ Without clear catalysts, range trading will likely dominate — stay nimble and manage risk.

👉 Tap $XRP if you believe this delay is temporary, and Q4 will reignite the ETF narrative.

💬 Will $2.30 be back on the table before year-end? Share your thesis in the comments!

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