📰 The latest current news about XRP
Price fluctuations and technical risks
There are technical indicators suggesting that XRP is showing a 'descending triangle' pattern on the daily chart, which could push the price towards ≈ 2.40 dollars if support is broken.
Its price tried to hold around the 3 dollars level but failed to maintain it, which signals weakness in the upward momentum.
Whales activity
Large holders sold about 470 million XRP over ten days, increasing selling pressure on the price.
Meanwhile, purchases from whales have also been observed, raising anticipation towards the possibility of a trend reversal if this movement continues.
ETFs file – forecasts and delays
There is great optimism that the approval of XRP 'spot ETF' funds in the United States will attract significant institutional investments.
But the approval process is facing delays due to the U.S. government shutdown, affecting the deadlines of the regulatory agency (SEC).
Legal issues with SEC
In the past, the U.S. Securities and Exchange Commission (SEC) filed a lawsuit against Ripple, but it has now dropped the case.
Ripple will pay a fine of 125 million dollars, but it said it will try to reduce it to 50 million, but the reduction case was not accepted.
Future trends and forecasts
Some analysts expect the price may head towards 5 dollars if ETFs are approved and institutional support factors continue.
But in the less optimistic scenario, XRP may see a decline to the range of 2.40 – 2.00 dollars if selling pressure continues.
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