🔥 The Truth Behind XRP's Surge: ETF Speculation and Legal Hopes Driving Prices Up, but Warning Signals Have Emerged! 🔥

XRP has recently surged due to ETF speculation and legal expectations, but how long can the price hold? Although the long-awaited ProShares leveraged XRP ETF has been postponed to May, it still attracts significant attention. Meanwhile, XRP's future price faces huge uncertainty.

📉 Short-term Bearish Pressure: XRP May Drop Below $2!

Market analysis warns that XRP could drop to $2 or lower. Despite the positive outlook for ProShares' ETF, situations similar to the BTC ETF have made investors cautious, as historical data shows that with a large number of open long positions, prices may encounter downward pressure.

🛑 Illusory Bubble Driven by ETF?

Although the anticipation of XRP's ETF has stimulated the market, analysts point out that XRP's price could significantly correct after listing, potentially falling to $1.4. Bearish sentiment in the options market has intensified, indicating that large investors are hedging against downside risks.

🚀 Breaking $2.4 for a Hopeful Rebound!

Currently, XRP is maintaining a support level at $2.1; after breaking the 200-day moving average, bulls may gain an advantage. However, any sharp decline may be constrained at key support levels ($2.1, 200-day moving average, or $1.4).

Summary: Although the ETF speculation for XRP has led to a short-term rise, its future trend remains filled with uncertainty, and investors should remain vigilant.