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XRP Under Pressure: Is a Drop Below the Critical $2.70 Support Imminent?
The XRP price is currently under significant pressure. After a strong rally in the summer that saw the cryptocurrency rise to $3.65, signs are now pointing towards a prolonged correction. Chart analysts are warning of a potential break below the crucial $2.70 support level and are discussing various scenarios for future price developments.
Since its peak rally on July 23, where XRP reached $3.65, the coin has clearly been on a downward trend. This follows a positive price performance driven by the hype surrounding Donald Trump's election victory and its implications for the crypto market, which saw XRP's price soar from $0.50 to over $3 by the end of 2024. However, in the last two months, the price has significantly declined, repeatedly falling back to the $2.70 mark.
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"XRP must hold the $2.70 support to maintain its chance for a rebound rally towards $3.20," noted analyst Ali Martinez.
If the $2.70 mark is lost, XRP could face a rapid decline towards the $2.50 mark, where it has not traded for long. If support is not found there, it could even drop back to $2.00.
Key Takeaway: XRP is facing critical support at $2.70, and a break below this level could lead to further declines.
Ripple: Is XRP "Totally Underestimated"?
Following the success of Bitcoin and Ethereum ETFs, XRP is now being eyed as a potential candidate by Wall Street. Despite a lengthy legal battle with the SEC and lower recognition, some asset managers see potential for XRP to surprise investors. The upcoming weeks are expected to be pivotal for XRP as the SEC is set to decide on several important ETF applications.
Between October 18 and 25, 2025, the SEC will make decisions on six significant applications, including those from Grayscale and WisdomTree. Additionally, Ripple's application for a national bank license will also be decided during this period. A dual approval could establish XRP not only as an investment vehicle but also as a crucial component of the financial system, potentially leading to massive capital inflows.
Key Takeaway: XRP's potential is being recognized, with significant decisions expected in October that could impact its future.
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As the cryptocurrency market evolves, so do the needs of investors. FindMining, a leading global cloud mining platform, has announced a new cloud mining contract program that offers BTC, ETH, and XRP holders the opportunity to earn a consistent $8,900 or more daily. This program eliminates the need for expensive hardware investments and technical risks associated with traditional mining.
The new contract plan includes several key highlights, such as compliance guarantees, a robust security system, multi-currency support, and daily USD settlements. Users can earn passive income ranging from $6,400 to $8,900 daily, regardless of market fluctuations.
Key Takeaway: FindMining's new cloud mining contracts provide a stable income opportunity for cryptocurrency holders without the need for hardware investments.
XRP: BlackRock - It's Happening!
XRP remains in the spotlight as it hovers around $2.80. The price has been fluctuating between $2.75 and $3.00, with traders closely watching for a breakout above $3.00, which could signal the next upward movement. Notably, Ripple has entered into a $2 billion agreement with BlackRock, a significant player in the financial sector, which could have medium- to long-term effects on XRP's market position.
As long as XRP maintains its position above $2.75, the long-term upward trend remains intact. A breakthrough above $3.00 could propel the price towards $3.50, with analysts suggesting that this could lead to new all-time highs.
Key Takeaway: XRP's collaboration with BlackRock could provide significant momentum, with traders anticipating a potential breakout above $3.00.
XRP: Decision Approaches!
As the XRP market experiences sideways movement, anticipation builds around the upcoming decision regarding a Spot ETF. Currently, XRP is defending the critical support zone around $2.70, which is seen as a pivotal point for future price movements. Holding above this level could pave the way for a renewed attack on the all-time high of $3.60.
Despite the sideways price action, the XRP ledger shows remarkable vitality, with an average of 1.7 million transactions per day and about 4,000 new accounts created daily. The anticipation surrounding a Spot ETF is a significant price driver, with predictions of over 99% likelihood for approval this year.
Key Takeaway: The upcoming ETF decision and XRP's strong network activity could lead to significant price movements in the near future.
XRP: The Saturday Update!
XRP remains relatively weak after recent market turbulence, with prices dropping by 0.2% to $2.78. This follows a 6.2% drop earlier in the week, leading to a nearly 9% decline over the past seven trading days. Despite this, the long-term trend remains upward, with expectations of new impulses from upcoming crypto ETFs that could bring additional capital into the market.
Key Takeaway: XRP's recent price fluctuations highlight the need for investors to stay informed about market trends and potential ETF approvals.
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