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The crypto market is under pressure as investors react to economic concerns from the latest U.S. jobs report. Rising bond yields and inflation worries are pushing them toward safer investments, leaving riskier assets like XRP struggling. Bitcoin, the largest cryptocurrency, has dropped 20%, now trading at $80,000, and XRP is feeling the heat from this uncertainty.
Adding to the pressure, the 10-year U.S. Treasury yield has surged to 4.3%, its highest level since November 2023 – a clear sign that big investors are pulling out of crypto. On top of that, global trade tensions are stirring up even more uncertainty.
Needless to say, XRP has been hit hard. Here’s what you need to know for what’s coming.
Is a Big XRP Price Move Coming?
Despite recent ups and downs, crypto analyst Ali Martinez believes XRP could be gearing up for a major price move. Martinez pointed out that the 1-day XRP chart has formed a head-and-shoulders pattern, which often signals a potential price drop.
However, if XRP holds above the key $2 support level and moves past the right shoulder of the pattern, it could trigger a strong rally. In that case, prices could climb toward $5, but this would require solid buying pressure and positive market sentiment.
XRP-Spot ETF Developments
An XRP spot ETF could attract institutional investors and drive prices higher—if it gets regulatory approval. However, the SEC’s next move will be crucial. If the agency decides to appeal Judge Torres’ ruling, it could block XRP spot ETF applications, delaying any potential market growth.
At the same time, Ripple and the SEC could be in discussions following Judge Torres’ final ruling. Ripple might try to challenge parts of the decision, which could impact the case’s outcome and influence XRP’s future.
Key Levels to Watch
XRP is at a crucial level. If it stays above $2 and breaks key resistance, it could start a strong rally, possibly reaching $2.80 soon.
Technical indicators show the Relative Strength Index (RSI) at 42, meaning XRP isn’t overbought or oversold, leaving room for price movement.
Currently, XRP is trading at $2.18, down 6.5% in the last 24 hours, with a market cap of $126.5 billion.
All eyes are now on XRP’s support levels—will it hold strong or crack under pressure?
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FAQs
XRP is under pressure due to rising bond yields, inflation concerns, and a 20% Bitcoin drop, leading investors to move toward safer assets.
If XRP breaks above resistance and sees strong buying momentum, analysts suggest it could climb toward $5, but market sentiment plays a key role.
An approved XRP spot ETF could attract institutional investors and boost demand, but SEC rulings may delay or block such developments.
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