XRP Holds Steady at $2 as ETF Approval Moves Closer Amid SEC Legal Uncertainty

XRP maintains $2 as ETF approval nears while legal uncertainty with the SEC looms, impacting XRP’s market outlook
XRP price is hovering above $2 on April 27, 2025, which reflects strong investor sentiment and critical market development. On April 26, 2025, XRP gained 0.42% from its preceding day’s close, mirroring a broader crypto market capitalization of $2.92 trillion. As Proshares set to launch three XRP ETFs on April 30, XRP is building momentum by gaining investors’ confidence. But, approval for XRP spot ETFs may largely rely on the SEC withdrawing its appeal and a positive Ripple case resolution, raising concerns among investors. Let’s closely monitor how XRP has performed over the last 24 hours.

XRP Hits $2.2410 – April 26, 2025

On 26th April 2025, the XRP trading day kicked off with an upward trajectory, demonstrating a strong bullish sentiment. But at 01:55 UTC, XRP resisted at $2.2035 and began to experience a sharp decline. A Death Cross on MACD at 02:10 UTC affirmed this downtrend. Conversely, at 05:10 UTC, XRP found support at $2.1810 and began to move up. A Golden Cross on MACD at 05:15 UTC asserted this uptrend. Subsequently, at 06:30 UTC, XRP broke the resistance at $2.2035, breached a breakout, and reached the day’s top price of $2.2410. 

Chart 1 – Analyzed by Buvaneswari_L, published on TradingView, April 27, 2025

At 06:55 UTC, XRP encountered an RSI Oversold zone, indicating a potential trend reversal. Likely, at 07:30 UTC, a pin bar, followed by a full-body red candle, signaled a possible downtrend. As expected, XRP price movement resisted at $2.2410 and began to experience a sharp fall. A Death Cross on MACD at 07:45 UTC reaffirmed this downtrend. Conversely, at 12:55 UTC, a Golden Cross on MACD signaled a possible uptrend. Likely, at 13:35 UTC, XRP found support at $2.1871 and began to move up. 

Later, at 16:30 UTC, a pin bar, followed by a full-body red candle, signaled a possible downtrend. As expected, XRP resisted at $2.2053 and experienced a steep decline. Substantially, at 20:50 UTC, XRP encountered an RSI Oversold zone, indicating a potential trend reversal. Eventually, at 20:55 UTC, XRP found support at $2.1871 and moved in ascending channels. But at 22:20 UTC, XRP price movement resisted, began to fall, and closed at $2.1903. 

XRP Holds $2 Support – April 27, 2025

As illustrated in Chart 1, on April 27, 2025, the XRP trading day started with a brief rise, demonstrating a bullish sentiment. But at 00:45 UTC, XRP resisted at $2.2053 and began to experience a sharp fall. At 01:10 UTC, a Death Cross on MACD affirmed this downtrend. At 01:25 UTC, XRP broke the support at $2.1871, breached a breakout, and dropped to $2.1613. Considerably, at 01:30 UTC, XRP encountered an RSI Oversold zone, indicating a trend reversal. Likely, at 02:05 UTC, XRP found support at $2.1613 and began to move up. A Golden Cross on MACD at 02:25 UTC reaffirmed this uptrend. 

XRPs Possible Scenario

In today’s XRP price analysis, XRP maintains a $2 support level, demonstrating a strong bullish sentiment. At the moment, XRP is trading at $2.1715. If it bounces back and breaks the support at $2.1871 XRP, it could attempt a breakout and reach a new high. In case XRP fails in its attempt, it could break the key support and experience further fall.

As ProShares is about to launch three XRP ETFs on April 30, investors are excited and showing interest in XRP exposure. But, the SEC appeal withdrawal and resolution of the Ripple case remain crucial for ETF approval. If the SEC withdraws its appeal and a favorable settlement is reached, XRP could retest $3.5505. Closely monitor the key levels to find its buying and selling momentum. 

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