- XRP traded at $2.79 with a 2.5% daily rise and a 2.0% gain against Bitcoin.
- The token remains oversold, with RSI at 45.66, and is trading between $2.70 support and $2.81 resistance.
- The SEC reduced ETF approval timelines to 75 days, potentially affecting XRP-related products alongside Solana.
XRP (XRP) traded at $2.79 , posting a 2.5% gain in the last 24 hours. The token also advanced 2.0% against Bitcoin, reaching 0.00002552 BTC. Technical readings show the asset in oversold conditions, with the Relative Strength Index (RSI) at 45.66. Market focus now turns to the new support at $2.70 and the nearby resistance at $2.81. At the same time, the U.S. Securities and Exchange Commission announced that the timeline for exchange-traded fund approvals will now be capped at 75 days, with XRP-related products expected to be among the assets affected.
Technical Levels in Focus
The nearest support sits at $2.70, a level that has previously served as a critical floor during short-term price tests. This zone remains significant as traders weigh its ability to hold against further downside pressure. Meanwhile, the resistance stands at $2.81, framing the immediate range for the asset. The market has oscillated between these levels in recent sessions, reflecting restrained momentum before potential directional moves.
The oversold reading further underscores the technical position. The chart shows previous oversold conditions coinciding with market lows in recent months. This time, the RSI remains below 50, keeping the market within a neutral to pressured phase. However, traders continue to monitor the RSI reaction closely since a recovery above 50 could align with renewed price strength.
Market Reaction to SEC Announcement
The regulatory backdrop has shifted notably with the SEC’s announcement of a shortened approval window for exchange-traded funds . The decision now reduces the process to 75 days, compared with longer review periods previously required. This update directly impacts digital asset products, including those tied to XRP and Solana, which were mentioned among the beneficiaries.
Market participants will observe how this policy change influences liquidity and investor positioning over the coming weeks. Notably, such developments often carry weight across both spot and derivatives trading. The shortened timeline also introduces a more predictable approval framework, which may shape product launches.
XRP Holds in Compressed Range as Market Awaits Next Move
As the market adjusts to these conditions, XRP trades in a compressed zone between $2.70 support and $2.81 resistance. This range remains decisive for the near-term outlook . Any movement beyond these boundaries could trigger further shifts in sentiment.
At the current $2.79 level, XRP continues to trade near its immediate resistance, reflecting both technical recovery attempts and the influence of regulatory developments. The next sessions are expected to test the balance between these factors while the oversold reading provides an additional technical layer to monitor.
