XRP News Today: XRP Faces $2.60 Battle as Bulls and Bears Clash in the Midst of Regulatory Doubts

XRP, the digital asset associated with Ripple, has found stability around $2.58, with traders keeping a close eye on the $2.60 resistance—a crucial level that could determine whether the token continues its upward momentum or faces renewed selling pressure. Earlier this month, XRP surpassed a multi-year downward trendline, fueling optimism among market watchers who have drawn comparisons to its 2017 bull run, as noted in

. Nonetheless, ongoing regulatory ambiguity and mixed investor sentiment have resulted in a tug-of-war between bullish and bearish outlooks.

Recent price movements have been shaped by a strong breakout above a long-standing trendline, a development that analyst CryptoKaleo compared to the setup before XRP’s surge to $3.50 in 2017. This rally was accompanied by significant whale accumulation, with large holders acquiring 30 million

within a single day, shoring up support between $2.25 and $2.40, according to CoinEdition. On shorter timeframes, XRP has tested important price points, with immediate resistance at $2.60 and support near $2.42, as highlighted in . If the price can maintain a close above $2.60, a rally toward $2.85–$3.00 could follow, while a drop below $2.40 could see a retest of $2.25.

Despite positive technical signals, regulatory challenges remain. The U.S. Securities and Exchange Commission (SEC) has postponed decisions on several XRP ETF proposals, pushing potential approvals to late November or December 2025, as

. These delays have dampened sentiment, since ETFs are viewed as a gateway for institutional investment. Meanwhile, Ripple-backed Evernorth’s $1 billion XRP treasury initiative has boosted confidence, with analysts suggesting that corporate accumulation could reduce supply and support prices, the report added.

On the other hand, significant whale selling in mid-October drove XRP below $2.5, resulting in $21 million in long positions being liquidated, as

. Blockchain data showed that 440 million XRP were sold off within a week, a situation worsened by broader economic pressures and a shift toward risk aversion. Analysts such as Ali Martinez have pointed out the dual nature of whale activity: while buying below $2.40 indicates demand, large-scale selling still poses a short-term risk.

Market sentiment remains cautiously divided. Derivatives data indicate increasing open interest and futures trading volume, suggesting that traders are positioning for a potential move. However, technical indicators such as the Relative Strength Index (RSI) and MACD offer mixed signals: the RSI is close to neutral, while the MACD’s weak momentum highlights the need for a decisive breakout, as detailed in

. Some experts believe XRP could approach $3.00 if it holds above $2.60, while others warn that a drop to $2.00 is possible without a strong catalyst, according to .

XRP’s recent performance has also been compared to Binance Coin (BNB), with some analysts suggesting that a breakout above $2.60–$2.70 could help XRP reclaim a spot among the top four cryptocurrencies by market cap, as stated in

. While BNB has shown little volatility, XRP’s consolidation has led to speculation that its technical setup could spark a renewed rally. Broader market trends, including Bitcoin’s trajectory and global interest rate expectations, are also likely to impact XRP’s direction.

With XRP trading near $2.58, the $2.60 resistance level remains a critical area for traders. While technical patterns and whale activity hint at the possibility of a bullish breakout, ongoing regulatory delays and macroeconomic uncertainties add to the unpredictability. Investors should keep an eye on both short-term price movements and wider market trends, as the path to either $3.00 or a pullback to $2.00 is still uncertain.