Ripple’s native token XRP continues to maintain its position above the psychological $2.00 support level, despite a flurry of bearish developments impacting global financial markets. Heightened geopolitical risk and a regulatory delay have placed pressure on investor sentiment, but XRP shows signs of resilience as traders await clarity from regulators and central banks.
XRP Reacts to ETF Delay and Middle East Escalation
The cryptocurrency market faced a fresh wave of selling on June 17, triggered by worsening Israel-Iran tensions, now entering their fourth consecutive day of missile strikes. Risk assets, including Bitcoin and XRP, have suffered amid heightened uncertainty, as global markets seek stability.
Amid this turbulent backdrop, the U.S. Securities and Exchange Commission (SEC) has delayed its decision on Franklin Templeton’s Spot XRP ETF, pushing the review period to late July 2025. The announcement led to XRP’s price sliding sharply below $2.20, eventually bottoming out at $2.13 — a 6% daily loss.
Still, bulls managed to defend the $2.00 support level, preventing deeper downside. The delay, while expected by much of the XRP community, has introduced further short-term volatility to XRP’s price trajectory.
XRP Market Outlook: Mixed Technicals and Derivatives Frenzy
XRP is currently trading near $2.20, stuck between key support at $2.00 and resistance around $2.50. The failure to break past the critical $2.30 resistance has dented bullish momentum.
-
The Relative Strength Index (RSI) stands at 46, suggesting mild bearishness with potential for further downside.
-
The Stochastic oscillator, however, sits in oversold territory, signaling a possible short-term bounce.
On the derivatives front, Open Interest (OI) in XRP futures remains stable at $3.90 billion, though a 10% drop indicates cooling confidence in the short term. In contrast, derivatives trading volume spiked to $8.2 billion, highlighting intensified speculative activity amid global unrest.
XRP Price Prediction: What to Expect Next
If XRP can reclaim the $2.30 zone, analysts believe a breakout rally toward $2.50 and possibly $3.00 is plausible ahead of the SEC’s final ETF decision next month.
On the flip side, failure to hold the $2.00 level could trigger a deeper pullback, bringing $1.75 into focus as the next key support.
With the Federal Reserve’s interest rate decision scheduled for Wednesday, June 18, and no immediate end in sight to the Israel-Iran conflict, XRP’s price could continue to trade with high volatility in the near term.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. Cryptocurrency investments are volatile and risky. Always conduct your research before making any investment decisions.
