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To be honest, the recent trend of XRP is a bit nerve-wracking. From a technical perspective, the price is testing a key level - the support around $2.30. This level is not simple; historically, it has acted as a "price floor" multiple times, attracting buyers each time it is touched. The question is, can it hold this time? The data from the 100eyes crypto scanner shows that XRP/USDT has started to weaken since the surge at the end of October. Let's review the timeline: it took off from $2.30 on October 23, peaked at $2.70 on the 27th, then turned around and moved sideways for about a week above the support line. However, the recent candlestick patterns are a bit fierce, directly piercing through the upper edge of the support area. This signal is not looking good. If it is just a normal pullback, the price usually oscillates and digests within the support area. But now that the bearish candle has penetrated, it indicates that the selling pressure is indeed significant—this may not be a simple profit-taking, but rather a change in trend. Next, we will look at two directions: either the old position of 2.30 will once again play a role, attracting bottom-fishing funds to push the price back up; or it will directly break down, in which case we need to be prepared for a deeper adjustment. Technically, once it falls below the confirmed support, it often triggers stop-loss orders and panic emotions, accelerating the decline. Market fluctuations are the norm, but the battle for such key positions is always particularly gripping. Whether XRP can hold this line will soon be revealed in the short term.

The XRP ETF matter is no longer just a topic of discussion online; Wall Street is now taking it seriously. The SEC has recently streamlined the approval process for spot crypto ETFs, and with the market infrastructure basically taking shape, this path is becoming increasingly clear. Some analysts estimate that if it is approved, the capital inflow in the first few months could surpass $1 billion. JPMorgan is even more aggressive on this front, believing that the long-term fundraising potential is quite impressive. Unlike Bitcoin's narrative of scarcity as "digital gold," XRP's strategy is payment infrastructure—this is where it truly resonates with institutions.