XRP Ripple News Today: Traders Watch Key Levels as XRP ETF Buzz Builds

XRP is once again making headlines. The cryptocurrency is now trading above $2, sparking fresh excitement across the market. Investors are watching closely – and for good reason. Talks are heating up around XRP possibly becoming the next crypto to land a spot ETF approval in the U.S., following Bitcoin and Ethereum.

While the long-term picture looks promising, short-term signals are a bit more cautious. From trading patterns to analyst predictions, there’s a lot happening under the surface.

Here’s a closer look at what’s driving XRP’s momentum, what’s holding it back, and why this week might be more important than it seems.

Options Traders Are Playing Defense

Even with all the excitement, options trading data is telling a different story. On Deribit – one of the biggest crypto options platforms – traders are showing more interest in buying put options. These are typically used to protect against or profit from falling prices.

In simple terms: more traders think XRP might drop before it climbs higher.

This sentiment is backed by what’s known as a “negative options skew.” That means the demand for puts is higher than for calls across several timeframes. It’s a signal that traders are still nervous about XRP’s near-term performance, even with ETF discussions in play.

The technical side of things isn’t offering much comfort either. XRP recently fell out of an ascending wedge pattern, which usually points to a weakening trend. Because of that, some analysts believe the price could fall back toward $1.60 – unless something positive shifts the momentum.

XRP’s Liquidity Advantage

But it’s not all bad news. One strong point for XRP is its strong order book. Compared to coins like Solana, XRP can handle large trades without causing wild price swings. This kind of stability might appeal to regulators when they consider approving an ETF.

Another reason XRP is still part of ETF discussions is its real-world use case. Ripple continues to promote it as a global payments solution. That’s a big plus, especially since many other altcoins are still looking for real utility.

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Good Opportunity Ahead!

Even though the idea of an ETF is giving long-term investors hope, short-term traders are being careful. Without a strong move upward or major regulatory progress, XRP’s price may continue to feel pressure.

Still, some believe a turning point may be near.

Crypto analyst EGRAG CRYPTO says this week could be key. He notes that XRP’s weekly candle is currently sitting above both the $2.10 level and the 21-week EMA (Exponential Moving Average)—a sign that could suggest strength returning.

According to EGRAG, the real test for XRP is $2.25. If the coin can close the week with a strong candle above that level, it could confirm a bullish trend reversal. He even suggests that the low on April 7 might have been the bottom.

He doesn’t just call $2.25 resistance – he refers to it as the “lock-in” point for a new uptrend.

So where does that leave us? XRP is currently caught between two forces: long-term optimism around ETFs and real-world use cases, and short-term doubts shown in the charts and options market.

This week’s candle close might be the deciding factor. Whether XRP breaks higher or pulls back, what happens next could set the tone for its next big move.

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