🔵XRP is trading around $2.36, just above key support at $2.24, after a three-week drop of nearly 27%. The token is moving within a symmetrical triangle pattern, while uncertainty has grown due to delays in ETF application reviews amid the ongoing U.S. government shutdown. Technical indicators point to a loss of momentum, though buyers are cautiously defending current levels.
🔵Analysts note that SEC’s decision delays remain the main headwind for XRP’s growth. With institutional inflows still muted, traders are waiting for the regulator’s return to normal operations. A break above $2.77 would confirm renewed bullish momentum, while a fall below $2.24 could trigger a retest of $2.00.