XRP prices fall below $2.30 as SEC delays Franklin Templeton’s Spot XRP ETF decision. Geopolitical tensions, primarily Israeli-Iran’s conflict, have contributed to the DIP of the broader crypto market. The XRP price forecast depends on a major support of $2.00 and a short-term resistance of $2.50.
Ripple’s XRP token fell to nearly $2.00 on Tuesday as the cryptocurrency market was tackling a new recession.
The geopolitical tensions that see escalation in the Israeli-Iran conflict have now rattled investors’ trust on the fourth day of the intense missile strike, pushing up risky assets like Bitcoin and XRP low.
In addition to uncertainty, US President Donald Trump’s recent statements about peace agreements and ceasefires have sparked fear and further weakened market sentiment.
Against this backdrop, XRP is facing intense pressure as the Securities and Exchange Commission (SEC) postpones Franklin Templeton’s decision on the Spot XRP ETF.
Ripple prices will drop when SEC delays XRP ETFs
XRP experienced a sharp bearish move on June 17th, collaborating with a notable decline across the market.
Following the SEC’s decision to expand Franklin Templeton’s Spot XRP ETF review in late July 2025, the token fell below $2.20.
The Bulls recorded a 6% loss, reaching a low of $2.13.
This meant that XRP prices extended the drawbacks that reduced recent profits.
However, despite increasing market volatility and wider decline in the crypto market, XRP was held above a critical level of $2.00.
It remains to be seen how the market will react further amid the Israeli-Iran conflict and FED rate decisions on Wednesday, June 18th.
In particular, the community largely hoped that the SEC would delay the XRP ETF decision, and now they can look to final approval.
Analysts say opportunities remain high even as they discover legal issues.
XRP Price Forecast
Nevertheless, it weakened the buyer’s trust as it did not hold above the important $2.30 level of the token.
Additionally, the current market situation continues to overshadow XRP’s price trajectory.
The XRP is currently trading at around $2.20, sandwiched between major support at $2.00 and $2.50 resistance.
Technical indicators provide mixed signals. Looking at the chart, it suggests that the daily relative strength index (RSI) of 46 and downslops tend to be towards the territory where XRP is sold.
Despite sustained sellout pressure, stochastic oscillators of the territory being sold show potential increases.
The open profit (OI) on XRP futures remains stable at $3.9 billion, but at a 10% drop, it says that short-term confidence is a bit at lows.
Nevertheless, the $8.2 billion derivative volume reflects the current market frenzy amid geopolitical risks.
When it comes to XRP price forecasts, a breakout of over $2.30 will allow a potential $3 decision in March at $2.50 over the SEC’s next XRP ETF decision.
On the downside, breakdowns below $2.00 will test the Bulls’ resolution and focus on the $1.75 support area.
