As of today, XRP is trading at $2.18, according to a trusted editorial source.
Recent price performance has disappointed bullish traders, with the price dipping to $2.10 and failing to surpass $2.20. Technical analysis suggests a possible breakdown, potentially pushing the price down to $0.93.
XRP is currently positioned between descending resistance and horizontal support lines, with the $2.13 zone acting as a buffer. A breakout above $2.58 could trigger bullish momentum, but this has not yet occurred. If XRP falls below $2, a drop to $0.93 becomes more likely, although strong demand levels exist around $1.708 and $1.4248.
Despite the technical risks, XRP's fundamentals remain strong, according to the source. Ripple's settlement with the U.S. SEC clarified that XRP is not a security for retail investors, opening doors for institutional interest. Analysts anticipate a decision on a Spot XRP ETF by year-end, with Polymarket data showing an 83% chance of approval in 2025.
Ripple is also upgrading the XRP Ledger (XRPL) to support more sophisticated financial use cases. Bullish price targets range from $2.85 in the short term to $5.50 by year-end, with potential targets of $10-$20 by 2030. However, technical breakdowns could override positive sentiment, leading to a potential crash to $0.93.