Vlad Anderson

$XRP is back in the spotlight, trading above $2 and stirring talk of a possible U.S. spot ETF approval 👀

But let’s keep it real — while long-term signals look 🔥, short-term vibes are mixed. Options traders on Deribit are loading up on puts, hinting they’re bracing for a dip before a rip. That’s your classic negative skew – more fear than greed right now ⚖️

Technically, XRP also slipped out of an ascending wedge 📉 Some say a drop to $1.60 could be on the table unless bulls step in hard.

So why the ETF buzz? XRP’s got real utility in global payments and a deep liquidity profile — key points regulators won’t ignore 🧠

🔥 Key level to watch? $2.25

Crypto analyst EGRAG says if XRP closes the week above that line + the 21-week EMA, we might be locking in a bullish reversal 🟢

He even suggests the April 7 dip could’ve been the bottom.

📅 TL;DR: This week’s candle close is critical. We’re at a crossroads — ETF dreams vs short-term hesitation. Stay sharp, fam.

📊 WhiteBIT Chart: XRP/USDT (1D)