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    XRP Price Analysis: Bullish Signals Amid SEC Uncertainty

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    Ripple’s XRP once again finds itself at the eye of a financial storm: traders and institutions are dividing their attention between bullish technical signals and another round of regulatory soul-searching. In the last 24 hours, optimism fueled by Elliott Wave theorists—some eyeing an ambitious $5.65 target—ran up against a harsh short-term correction. XRP slipped below the crucial $2.60 mark and, as of writing, is parked near $2.35. Meanwhile, the U.S. Securities and Exchange Commission (SEC) has put the brakes on a key milestone for the asset: extending its review of 21Shares’ highly anticipated XRP spot ETF. The stated reason? To “ensure robust investor protection and fraud prevention standards”—a line of reasoning that’s starting to sound all too familiar for veteran crypto watchers. The move brings a heavy dose of regulatory uncertainty into the mix, even as technical bulls dig in their heels. [Source: BeInCrypto]

    Inside 24-Hour Price Movements: Support, Resistance, and Market Grit

    XRP’s charts put on a real show for market technicians over the last day. After opening the period at $2.33, the token tested support at $2.35, with intraday highs titled toward $2.40—but those would-be bulls never quite cracked the $2.60 ceiling. Trading volume told its own story, falling almost 16% to hit $2.67 billion as liquidity and trader engagement waned [Source: Investing.com]. That retrenchment showed up in the daily Relative Strength Index as well; a reading near 50-52 isn’t strong enough to tip the scales for buyers or sellers, pointing to a market that’s catching its breath [Source: U.Today].

    Short-term sell signals flashed after the failure to hold above $2.35, dragging price action below key EMAs—particularly the closely watched 50 period—though steadfast hands defended the bottom rung of recent trading ranges [Source: BitDegree]. The takeaway? Technical consolidation continues, but the market feels like it’s waiting for something bigger—probably the regulatory verdict.

    Analyst John Davids, not exactly a permabull, commented that “XRP remains locked in mid-phases pulling momentum but isn’t noticeably overextended.”[Source: CoinTelegraph] He’s seeing room for rebounds as the week unfolds—provided the regulatory clouds part, or at least don’t darken further.

    Bullish Blueprints: Elliott Waves and the Road to $5.65?

    Talk of an upward “fifth wave” in XRP has set technical circles buzzing. Elliott Wave theorists argue that the asset could be entering a new impulsive phase—some, like Egrag Crypto, put the bull’s-eye at $5.65. Egrag draws bullish parallels to Bitcoin’s own historic cycles: “XRP follows a fractal structure seen in previous Bitcoin bull runs, signaling the onset of a strong price expansion phase toward mid-level resistances and breakouts” [Source: The Crypto Basic].

    These forecasts center on the convergence of Fibonacci retracements and long-term trendlines, all linking back to XRP’s newfound resilience since Ripple’s legal victories. Crucially, the $2.30 level—near the 50-day EMA—is the market’s battleground. To confirm this “fifth wave” theory, price action must clear overhead resistance in the $2.65 to $3.30 corridor [Source: Coinpedia].

    Volume remains the wild card, as always. Jane Wang of Blockchain Markets puts it succinctly: “Fifth waves hinge not just on breakout confirmations but also on intermingling volume upticks that mirror those of pre-pandemic fiscal expansions. XRP has shown potential but rests on institutional triggers.” Momentum, as measured by an RSI besting 62 on the daily chart, is there—but only just [Source: Finance News].

    One interesting wrinkle: whale wallets (the 10-million-plus XRP club) ramped up activity in the last 24 hours, hinting that deep-pocketed traders may still see value buying dips for the next leg up.

    SEC Puts XRP ETFs Under a Magnifying Glass—Again

    Regulators have again stepped into the spotlight. The SEC exercised its right to tack on another 21 days to its review of the 21Shares XRP Spot ETF, keeping the crypto community on tenterhooks. The stated reason: unresolved matters around compliance, investor protection, and fraud prevention—a mantra that’s become the SEC’s north star for digital asset proposals [Source: BeInCrypto].

    This delay, which extends the original 240-day timetable, isn’t unique to XRP—other crypto ETF hopefuls, including Dogecoin, are stuck in similar limbo [Source: FinanceFeeds]. Proponents argue these procedures, while frustrating, are crucial for building guardrails before Wall Street money floods in.

    ETF analysts like James Seyffart of Bloomberg emphasize that “delays are a standard feature of SEC reviews, barring no extraordinary pressure” [Source: CoinDesk]. Legal voices point out that the SEC’s piecemeal, case-by-case approach owes more to regulatory patchwork than outright hostility. Still, there’s a sense—particularly among skeptics—that XRP, fresh off a bruising legal battle over its security status, isn’t getting a fast-track [Source: Blockonomi].

    Market and Social Buzz: Cautious Hope Brews

    The social media storm that usually follows major XRP news was in full force. On Twitter, hashtags like #XRPArmy and #RippleETF trended hard, with retail traders and analysts volleying opinions, hot takes, and memes at a frenetic pace. The undertone? Cautious hope. Reddit threads buzzed with speculation about how much longer XRP could remain in “ETF purgatory”—and what a green light could mean for prices. Leading influencer “DigitalAssetGuy” summed up much of the community’s mood: “HODL through the noise. History repeats itself with ETF holdovers benefiting holders” [Source: Twitter].

    But market sentiment is walking a tightrope. While influencers and some technical proponents keep the hope fires burning, the SEC’s foot-dragging has led to jitters—particularly for swing traders who saw the 7% price drop from $2.60 as a reality check, not just another “healthy correction.”

    Integrated Market Impact: Where Does XRP Go from Here?

    Crunch the numbers and you get a portrait of a market in delicate balance. Daily trading volumes have softened, and open interest in XRP futures climbed modestly—a sign that some institutional money remains on the sidelines, hedging rather than betting the farm [Source: CME Group]. Hourly charts show RSI ticking up to 57, while the MACD is flattening out, hinting at waning bearish sentiment [Source: FXStreet]. Firm support sits at $2.30 and $1.21, while major resistance stretches to $3.30.

    Analysts like John Wu see the technical case for a short-term breakout should regulatory winds turn favorable [Source: Crypto Briefing]. But, as Eric Balchunas of Bloomberg warned, “The SEC’s history with delaying crypto ETFs could drag XRP into limbo for several more months. Uncertainty isn’t pricing in fully yet” [Source: Bloomberg].

    Bottom line? The next few weeks may feature more churn than cheer. If XRP can continue holding these well-defended support zones, the stage could be set for sharp rallies—especially if regulatory bottlenecks finally clear. Until then, expect volatility, wary optimism, and plenty of heated debate in both trading pits and online echo chambers.

    Conclusion: Bullish Potential, Tempered by Caution

    The last 24 hours in the XRP market reveal a charged standoff between technical promise and regulatory reticence. The SEC’s latest ETF delay isn’t the death knell some fear—it signals a more methodical approach that, if it ends in approval, could provide the solid foundation institutional money demands. On the flip side, Elliott Wave projections and whale accumulation paint an undeniably bullish tableau—provided XRP hangs on to those critical supports just south of $2.35. Is this consolidation a setup for the next rocket ride, or just the calm before more turbulence? Investors, both seasoned and green, would do well to keep their seatbelts securely fastened.

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