XRP Price Holds $2.8 Support as Ripple ETF Hopes Build
The post XRP Price Holds $2.8 Support as Ripple ETF Hopes Build appeared on BitcoinEthereumNews.com. Key Insights: XRP price retested $2.83 support after rejection around $3.10. Amplify filed for an XRP ETF, with Polymarket giving 86% approval odds in 2025. Analysts highlighted technical levels, while SBI and Jim Cramer gave opposing views. XRP price held at $2.83 support after failing to break $3.10 resistance earlier this week. The move aligned with analyst forecasts, while a new ETF filing suggested rising institutional interest in the token. Was the rejection at $3.10 a sign of lasting resistance, or a setup for larger changes ahead? XRP Price Tested Resistance and Confirmed Support The XRP price advanced toward $3.10 but was rejected at that level. Analyst Ali Martinez had forecast a pullback, targeting $2.83 as the next support. His view was based on chart resistance zones and prior levels of consolidation. The rejection near $3.10 and retracement through $2.96 marked strong resistance. The price later stabilized at $2.83, confirming the technical support area. These levels gave traders clear benchmarks to watch for near-term moves. XRP Price Action | Source: Ali Martinez, X Support refers to a price point where buying interest historically outweighs selling, preventing deeper declines. Resistance reflects the opposite, where sellers outweigh buyers. These markers help traders evaluate potential reversals or continuations. At press time, XRP was trading near these same ranges, with relative strength index (RSI) sitting close to the neutral 50 line. RSI measures momentum; levels above 70 indicate overbought conditions, while levels under 30 show oversold pressure. Ripple ETF Filing in Focus Amplify Investments submitted an application for an XRP exchange-traded fund (ETF). If approved, the ETF would allow institutions to gain exposure to XRP without managing token custody. Prediction market Polymarket estimated an 87% probability that the US Securities and Exchange Commission (SEC) would approve the ETF in 2025. Such approval would mark…
The post XRP Price Holds $2.8 Support as Ripple ETF Hopes Build appeared on BitcoinEthereumNews.com.
Key Insights: XRP price retested $2.83 support after rejection around $3.10. Amplify filed for an XRP ETF, with Polymarket giving 86% approval odds in 2025. Analysts highlighted technical levels, while SBI and Jim Cramer gave opposing views. XRP price held at $2.83 support after failing to break $3.10 resistance earlier this week. The move aligned with analyst forecasts, while a new ETF filing suggested rising institutional interest in the token. Was the rejection at $3.10 a sign of lasting resistance, or a setup for larger changes ahead? XRP Price Tested Resistance and Confirmed Support The XRP price advanced toward $3.10 but was rejected at that level. Analyst Ali Martinez had forecast a pullback, targeting $2.83 as the next support. His view was based on chart resistance zones and prior levels of consolidation. The rejection near $3.10 and retracement through $2.96 marked strong resistance. The price later stabilized at $2.83, confirming the technical support area. These levels gave traders clear benchmarks to watch for near-term moves. XRP Price Action | Source: Ali Martinez, X Support refers to a price point where buying interest historically outweighs selling, preventing deeper declines. Resistance reflects the opposite, where sellers outweigh buyers. These markers help traders evaluate potential reversals or continuations. At press time, XRP was trading near these same ranges, with relative strength index (RSI) sitting close to the neutral 50 line. RSI measures momentum; levels above 70 indicate overbought conditions, while levels under 30 show oversold pressure. Ripple ETF Filing in Focus Amplify Investments submitted an application for an XRP exchange-traded fund (ETF). If approved, the ETF would allow institutions to gain exposure to XRP without managing token custody. Prediction market Polymarket estimated an 87% probability that the US Securities and Exchange Commission (SEC) would approve the ETF in 2025. Such approval would mark…
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