Latest news on XRP Ripple: XRP has found itself in the spotlight again. XRP is currently trading above $2, sparking renewed hope among investors. Analysts are buzzing about the possibility of it becoming the next cryptocurrency to get a spot ETF approval in the U.S., right after Bitcoin and Ethereum. However, while the long-term narrative sounds bullish, the short-term mood among traders is more cautious than confident.
What’s Next For XRP Price?
Despite the growing excitement, options data has another story. On Deribit, one of the largest crypto options exchanges, traders seem more interested in buying put options, a type of trade usually used to hedge against or profit from falling prices. In simple terms, more people are betting that XRP could dip further rather than rally soon.
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.
XRP’s price chart isn’t helping ease the nerves either. The coin recently dropped out of an ascending wedge, a technical pattern that often indicates a weakening uptrend. As a result, some analysts believe that XRP could revisit lows around $1.6, unless something bullish shifts the tide.
XRP ETF News: Stability from Strong Order Book
Not everything looks gloomy. One positive for XRP is its strong order book depth. Unlike tokens such as Solana, XRP can handle large trades without triggering volatile price swings—a level of stability that regulators may favor when evaluating ETF readiness.
This liquidity advantage is one reason XRP remains in ETF discussions. Ripple, the company behind XRP, also continues to promote it as a global payments solution—a real-world use case that many altcoins still lack
Will XRP Price Hit ATH?
While ETF optimism is giving XRP fans something to look forward to, short-term traders seem to be playing it safe. Until the market sees clearer signs of upward momentum or regulatory progress, the price may stay under pressure.
On the other side, crypto analyst EGRAG CRYPTO believes this week could be a game-changer for XRP’s trend. He points out that XRP’s weekly candle is sitting above the key $2.10 level and the 21-week EMA, a positive sign.
But the real deal, he says, is $2.25. If XRP can close the week with a solid candle above $2.25, it could officially confirm a bullish trend reversal and suggest that the April 7 bottom was the turning point.
EGRAG sees $2.25 as more than just resistance, he calls it the “lock-in” point for the uptrend.
This week’s candle close could decide which direction XRP takes next. For now, XRP is caught between long-term hope and short-term fear.
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