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XRP Price Movement: XRP has dropped to a $2.90 support level due to delays in ETF approval and concerns regarding its security ranking, leading to increased market volatility.
SEC Decision Impact: The SEC has postponed its decision on the XRP ETF until October 2025, which is contributing to bearish trends and uncertainty in XRP's valuation.
Market Dynamics: The broader cryptocurrency market is experiencing liquidity shifts, particularly affecting Ethereum and Solana, as investors remain cautious amid regulatory uncertainties.
Future Predictions: Analysts suggest that if XRP falls below $2.90, it could decline further to $2.65, highlighting the importance of monitoring regulatory developments and technical signals for investment decisions.
