XRP Price Maintains Its Position Above the $2.00 Mark Despite Recent Regulatory Uncertainty

XRP price has maintained its position above the $2.00 mark despite recent regulatory uncertainty. The U.S. Securities and Exchange Commission postponed its decision on multiple altcoin ETFs, including those for XRP, Solana, Cardano, and Avalanche.

XRP price managed to stay afloat despite recent regulatory uncertainty that saw the U.S. Securities and Exchange Commission postpone its decision on several altcoin ETFs.

Among these were applications for Solana, Cardano, and Avalanche, in addition to a slew of cryptocurrencies. The initial announcement saw some selling pressure as the news pushed XRP price toward the daily low of $2.30.

However, the market quickly stabilized after Bloomberg analyst Eric Balchunas stated that these delays were part of the normal review procedure and that there were still high chances of approval.

Following this reassurance, XRP rebounded 1.7% to reclaim the $2.30 level. The cryptocurrency is currently trading in a range between $2.01 and $2.17, reflecting a 4.2% gain over the past seven days.

This recovery suggests that investors are shifting their attention from regulatory concerns to XRP’s utility potential.

Real-Time Payment Revolution

Ripple CEO Brad Garlinghouse has brought renewed attention to XRP’s real-world use cases with his proposal for a revolutionary salary model.

“Why not get paid daily, hourly, or even by the second?” Garlinghouse asked in a statement shared by analyst “CryptoSensei.”

The concept aims to remove outdated friction from global payments. Garlinghouse noted that the current monthly or biweekly paycheck system is only in place due to settlement delays in traditional finance.

In contrast, Ripple’s on-chain payments infrastructure could enable seamless, real-time compensation flows. With RippleNet and the XRP Ledger already facilitating low-cost, cross-border payments, this salary streaming proposal could become a core use case for XRP.

The possibility of real-time salary payments bodes well for XRP’s price and adoption potential. Market observers believe this proposal contributed to XRP’s price recovery above $2.30.

Technical Outlook

XRP is currently trading around $2.25, posting a daily gain of 0.53%. The asset is trading just below the Keltner Channel midline resistance of $2.39, which represents the first major hurdle for continued bullish movement.

Technical indicators are showing mixed signals. The Relative Strength Index (RSI) stands at 68.87, approaching the overbought zone, while the RSI Moving Average has trended higher to 54.55, suggesting ongoing momentum.

A bullish crossover occurred in mid-April, with the green histogram continuing to widen, indicating sustained buyer interest. However, trading volumes remain modest at 18.58 million, suggesting the current rally lacks strong accumulation support.

Key support levels include $2.17 (Keltner mid-band) and $1.96, while resistance sits at $2.39 (Keltner upper band) and $2.50.

On the hourly chart, analysts note a contracting triangle formation with support at $2.22. The price is currently trading below $2.26 and the 100-hour Simple Moving Average.

If buyers push XRP above $2.30, the next targets include $2.35 and potentially $2.42. Conversely, if the price fails to clear $2.26, it could decline toward supports at $2.22, $2.20, and $2.16.

The $5 price target is gaining attention as both technical patterns and fundamental developments align. If Ripple successfully implements real-world applications of micro-wage payments via XRP, the token could evolve from a speculative asset into a core financial utility.

For this scenario to materialize, several conditions must be met: regulatory clarity in major markets, progress on stablecoin legislation, sustained partnerships with enterprise clients, and continued growth in on-chain settlement volume.