XRP is consolidating within the crucial $2.13 to $2.25 support zone, a technical range viewed as pivotal for determining its next price momentum. This consolidation occurs as Ripple’s decision to drop its appeal against the U.S. Securities and Exchange Commission has injected renewed optimism into the market.
The appeal withdrawal boosts prospects for regulatory clarity and elevates speculation about potential approval for a U.S.-based XRP exchange-traded fund. Institutional investors are increasingly monitoring these developments, anticipating new investment pathways should an ETF gain approval.
Despite positive sentiment, XRP remains susceptible to volatility risks if it breaches the $2.13 support threshold. Analysts suggest near-term performance will largely depend on evolving legal clarity and broader market conditions as traders assess technical and fundamental drivers.