XRP News Today: XRP Price Dips 2.43%, Key Support Tested Amid ETF Delays

Key TakeawaysXRP price fell 2.43%, underperforming the broader crypto market (-1.57%)SEC delays on XRP ETF decisions contribute to regulatory uncertaintyTechnical indicators show weakening momentum and a key breakdown below $2.88 Immediate Price Action and CatalystsXRP's price fell to approximately $2.82, underperforming the general crypto market's slight dip. A primary driver is the delays in spot XRP ETF approvals by the SEC as the U.S government’s shutdown continues. The delay dampens hopes for near-term institutional interest, however, the SEC will still have to rule by the end of this month on the multiple applications. Concurrently, BNB has surpassed XRP in the rankings of crypto market cap, shifting altcoin momentum, but creating more bearish sentiment for XRP.Source: 8MarketCapTechnical Indicators and On-Chain ContextOn the technical front, XRP broke below the $2.88 pivot point. This invalidates a previously discussed bullish pattern. Oscillator data from the provided image confirms bearish momentum. The Awesome Oscillator, Momentum (10), and MACD all show bearish signals. The Relative Strength Index (14) at 41.58 is in neutral territory but reflects a clear cooldown from higher levels last week. The Commodity Channel Index at -77.17 also points to a neutral but weak stance. On-chain data, however, reveals a strong support wall. The URPD metric shows nearly 2.5 billion XRP were acquired around $2.80, creating a solid base to absorb selling pressure.Source: TradingViewAnalyst Outlook and Key LevelsAnalysts note that XRP's price is consolidating around a high-volume zone near $3. For a recovery, the area between $3.08 and $3.12 needs to be reclaimed as support. Failure to hold $2.80 could see a correction toward $2.55. While the moving averages on lower timeframes are mostly bearish, the long-term Exponential Moving Average (200) signals a "Buy," suggesting some underlying strength on higher timeframes. The market now watches for a potential short squeeze if XRP can break and hold above the psychological $3 level.