Renewed tariff tensions and looming ETF deadlines weigh on sentiment, but XRP’s structure remains intact
XRP managed to stabilize near $2.35 after an early dip in the session, recovering modestly as traders assessed global risk sentiment and upcoming SEC deadlines related to spot XRP ETF applications. The cryptocurrency’s resilience came amid renewed U.S.–China tariff concerns, which rippled across both traditional and digital asset markets.
According to market data, XRP declined nearly 4% intraday before regaining ground above the $2.30 support zone, an area that has historically acted as a key accumulation range. Analysts noted that XRP’s ability to defend this level could set the stage for a potential retest of the $2.40 resistance, which represents a crucial short-term breakout threshold.
“The $2.30–$2.40 band is the battle line for XRP right now,” said BITX technical strategist. “If bulls manage a clean break above $2.40 with volume confirmation, it could open a path toward $2.80 and eventually retest the $3.00 zone seen earlier this year.”
The recent volatility was amplified by macro uncertainty, as fresh tariff headlines triggered a broader risk-off move across equities and commodities. Despite this, XRP’s market structure remains technically constructive, maintaining higher lows on the daily timeframe. On-chain data also indicates steady transaction activity and minor whale inflows, suggesting ongoing interest from mid-sized institutional accounts.
Still, investor caution remains elevated ahead of regulatory milestones next week, when the U.S. Securities and Exchange Commission is expected to issue preliminary decisions on several spot XRP ETF filings. These rulings could influence short-term volatility and shape the asset’s medium-term outlook.
“Market participants are sitting tight until regulatory clarity emerges,”One of BITX analyst explained. “The ETF narrative could be the next catalyst if approval signals materialize.”
Disclaimer
This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.