Why Is XRP Flat Today? Standard Chartered Sparks Long-Term Buzz As ETF Momentum Builds
XRP is trading flat on Friday morning, hovering around $1.99, as traders digest a wave of bullish long-term news following a dramatic week in the crypto market.
While the broader altcoin market remains mixed after Wednesday’s tariff-driven rally, XRP is holding ground above the $2 psychological level, showing resilience amid short-term indecision. Despite the lack of immediate momentum, its chart suggests the asset may be gearing up for another breakout.
XRP Price Holds Steady After 15% Weekly Surge
XRP’s price action has leveled out following a sharp rally earlier this week. The token gained nearly 15% from Tuesday lows after President Donald Trump paused all tariffs—except on Chinese imports—for 90 days. That announcement triggered a macro relief rally, sending equities and major cryptocurrencies sharply higher.
Since then, XRP has consolidated near the $2 mark, drifting between marginal gains and losses in Friday’s early session. The flat movement may reflect simple profit-taking after Wednesday’s surge or the broader market’s wait-and-see approach amid geopolitical uncertainty.
Technically, XRP has found support above $1.93, with resistance looming near $2.09. If the token closes above $2.04, traders may target upside toward $2.38. On the downside, a pullback to $1.65 could offer an attractive entry point for spot buyers.
Standard Chartered Predicts XRP Will Overtake Ethereum
The biggest catalyst for XRP this week came from an unexpected source: British banking giant …
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