- XRP price falls under $2.30 as SEC delays Franklin Templeton’s spot XRP ETF resolution.
- Geopolitical tensions, primarily the Israel-Iran battle, has contributed to broader crypto market dip.
- XRP price prediction hinges on key assist at $2.00 and short-term resistance at $2.50.
Ripple’s XRP token noticed its price dip to close $2.00 on Tuesday because the cryptocurrency market grappled with a recent downturn.
The geopolitical tensions that see an escalation within the Israel-Iran battle, now in its fourth day of heavy missile strikes, continued to rattled investor confidence, pushing danger property like Bitcoin and XRP decrease.
Including to the uncertainty, US President Donald Trump’s latest remarks on a peace deal or truce have sparked fears, additional dampening market sentiment.
In opposition to this backdrop, XRP faces intensified stress because the US Securities and Alternate Fee (SEC) postpones its resolution on Franklin Templeton’s spot XRP ETF.
Ripple price drops as SEC delays XRP ETF
XRP skilled a pointy bearish transfer on June 17, aligning with notable declines throughout the market.
Following the SEC’s resolution to increase its assessment of Franklin Templeton’s spot XRP ETF to late July 2025, the token plummeted under $2.20.
Bulls posted a 6% loss and reached lows of $2.13.
This meant XRP price prolonged the draw back that has seen it pare latest positive aspects.
Nonetheless, regardless of the heightened market volatility and the broader crypto market’s declines, XRP held above the essential $2.00 degree.
It stays to be seen how the markets react additional amid the Israel-Iran battle and Fed’s rates of interest resolution on Wednesday, June 18.
Notably, the group largely anticipated the SEC to delay the XRP ETF resolution and will now look to the eventual approval.
Analysts say the probabilities stay excessive, even amid outstannding authorized points.
XRP price prediction
Nonetheless, the token’s failure to carry above the crucial $2.30 degree has weakened purchaser confidence.
The present market circumstances additionally proceed to solid a shadow over XRP’s price trajectory.
XRP is at the moment buying and selling at roughly $2.20, caught between key assist at $2.00 and resistance at $2.50.
Technical indicators present combined indicators. A have a look at the charts exhibits the each day Relative Power Index (RSI) at 46 and downsloping to recommend XRP might pattern in direction of the oversold territory.
The Stochastic oscillator in oversold territory signifies a possible uptick, regardless of promoting stress persisting.
Open Curiosity (OI) in XRP futures stays regular at $3.90 billion, however a ten% drop says quick time period confidence is slightly on the low.
Nonetheless, derivatives quantity of $8.2 billion displays present market frenzy amid geopolitical dangers.
When it comes to price prediction for XRP, a breakout above $2.30 might enable for a march on $2.50 and probably $3 forward of SEC’s subsequent XRP ETF resolution.
On the draw back, breakdown under $2.00 could take a look at bulls resolve and produce the $1.75 assist space into focus.
