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XRP news update: Traders predict
consolidation to $2.35 amid ETF speculation
XRP trades in a tight range between $2 and $2.35, but the next price breakout could be driven by ETF speculators.
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XRP news update: Traders predict consolidation to $2.35 amid ETF speculation
Price Analysis
:
XRP struggles to break above the $2.35 resistance, pointing to a lack of demand at higher levels.
Rising odds of an XRP ETF approval could catalyze the next leg of a XRP rally.
Bloomberg’s exchange-traded fund specialists Eric Balchunas and James Seyffart project a 95% possibility of XRP
XRP
$2.17
, Solana
SOL
$146.94
, and Litecoin
LTC
$84.23
ETFs being greenlit by the US Securities and Exchange Commission in 2025.
Could XRP’s price consolidation act as a launch pad for the next move higher, or will the bears pull the price lower? Let’s analyze the charts to find out.
XRP price prediction
Buyers pushed XRP above the 50-day simple moving average ($2.24) on Monday, but the long wick on the candlestick shows selling at higher levels.