Saad Ullah
XRP battles to hold $3.30 support after BlackRock's ETF rejection killed the post-SEC victory momentum. Despite the 1.8% daily drop, bulls aren't giving up – weekly gains still sit at a solid 11%, and traders are hunting for the next catalyst to reignite the rally toward $3.50.
XRP Price Fights Back After ETF Reality Check
XRP's trading at $3.30 right now, nursing a 1.8% daily wound that stings but doesn't kill the bigger picture. The token touched an intraday low of $3.22 before bouncing back – classic crypto behavior when bulls refuse to throw in the towel.
Here's what's keeping XRP believers hopeful: that juicy 11% weekly gain is still intact. The 25% explosion following Ripple's SEC legal win proved this asset can move when the stars align. Sure, the party got crashed at the $3.40 Fibonacci wall where profit-takers showed up fashionably late, but that's just crypto being crypto.
BlackRock Kills the ETF Dream (For Now)
The mood shifted when BlackRock basically said "thanks, but no thanks" to an XRP ETF. Ouch. That speculative fuel got yanked right out from under the rally, leaving traders scrambling for the next big thing.
But smart money isn't panicking. Ripple's legal victory remains a game-changer for the long haul. The real question now? What's next – another fund stepping up with ETF plans, or maybe Ripple's RLUSD stablecoin finally getting some adoption traction?
The technical picture's pretty straightforward: hold that $3.22–$3.20 support zone, and we're still in business. Crack above $3.40 with conviction, and suddenly $3.50 doesn't look so crazy anymore. Sometimes the best setups come after the dreamers get shaken out.
Saad Ullah
