Recently, Volatility Shares pushed back the launch date of the leveraged XRP ETF to the end of the year, and this news has prompted many to consider the upcoming direction of XRP.

From a technical perspective, XRP is currently trading around $1.87, with an RSI reading of 51.2, indicating a relatively balanced state overall. In terms of price levels, support is at $1.795, resistance at $1.944, and a key breakout reference point at $1.917. The bullish trend still dominates, and there are no particularly dangerous signals at this position.

Regarding the ETF delay, my understanding is that regulatory or technical preparations may require more time. Year-end market volatility often increases, so rushing to launch might not be the best approach. For XRP, this period's performance is crucial—if it can stabilize between $1.87 and $1.917, or even break through $1.917, looking back, this delay might actually be a positive signal.

From an operational standpoint, you might consider entering a small position around $1.87 to feel out the rhythm, setting a stop-loss at $1.795. If it truly breaks through $1.917, you can gradually add to your position aiming for the $1.944 high. Conversely, if it falls below support, you should exit decisively and avoid trying to catch the bottom.

What do market participants think about this rhythm? Feel free to share your thoughts.