š Key $XRP
Updates via Binance Square
Price Drop & Technical Pressure
According to Binance Square, XRP/USD has fallen about 6.4% over the past 24 hours, dragged down by a failed breakout attempt above the $2.32ā$2.35 resistance zone and growing caution ahead of SEC spot-ETF decisions and Rippleās legal updates .
Short-Term Bearish Sentiment
Traders have signaled a short trade setup, with XRP rejected near $2.25 resistance, forming a minor bounce from intraday lows around $2.08. Unless XRP convincingly closes above $2.20 on strong volume, the outlook remains bearish to neutral .
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š Why This Matters
1. Regulatory Pressure: Market jitters persist ahead of a June 16 deadline for a settlement motion between Ripple and the SECāpotentially impacting XRPās path toward a U.S. spot ETF .
2. Technical Levels to Watch:
Support: $2.08ā$2.13
Resistance: $2.20ā$2.25
A clear break above $2.20ā$2.25 could shift momentum bullishly, while a slide below $2.08 may deepen the bearish trend.
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š° At a Glance: Latest XRP Headlines
Ripple & SEC filed a joint court motion ahead of June 16, seeking to finalize settlement terms, which could influence U.S. ETF approval timeline .
Ripple CEO Brad Garlinghouse stated that XRP could capture up to 14% of SWIFTās global cross-border payment volume over five years, with XRP currently trading near $2.16 .
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š What to Monitor Next
Catalyst Why It Matters
SEC Settlement Motion ā by June 16 Could pave the way for U.S. spot ETF approval
Price Action Breaking above $2.20 with volume could flip bearish bias
SWIFT Adoption News Could boost XRPās long-term credibility as a liquidity solution
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ā Final Take
XRP is under short-term pressure as technical resistance and regulatory uncertainty linger. A breakout above $2.20ā$2.25, especially amid positive SEC settlement news, could spark a bullish reversal. Otherwise, watch for support tests around $2.08ā$2.13.
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