TLDR
- XRP trades near $2.80 after defending the $2.70 support level multiple times in recent weeks
- Technical analysis shows RSI near 40 indicating weak demand, while MACD stabilizes suggesting selling pressure may be easing
- BlackRock executive discusses potential XRP ETF evaluation based on client demand, market cap, and liquidity factors
- Analysts identify potential retest of $2.50-$2.55 zone based on fractal patterns and onchain data showing buyer clusters
- XRP enters third compression phase since November 2024 elections, with Franklin Templeton ETF decision pushed to November 14
XRP is currently trading close to $2.80 after successfully rebounding from the crucial $2.70 support level. The cryptocurrency has been moving within a defined range over the past month, with a low of $2.70 and a high of $3.18.
XRP Price
Crypto analyst Ali has identified $2.70 as a critical…
