The recent price trends of XRP have shown volatility, with a crucial support level at $0.530 and resistance at $0.543, amidst regulatory changes and speculation surrounding ETFs.

Over the past week, XRP's price has experienced fluctuations, ranging from a weekly high of $0.5485 to a low of $0.508. These price swings have been influenced by regulatory shifts and discussions surrounding ETFs, impacting XRP's market performance.

In the last 24 hours, bullish momentum has strengthened, with support established at $0.5317 leading to a surge in price to an intraday high of $0.5423 before encountering significant resistance. This uptrend could enhance XRP's liquidity and exposure, potentially stabilizing and boosting its price if certain developments materialize by 2025.

XRP/USD Technical Analysis

Analyzing the 24-hour price chart reveals a descending triangle pattern, characterized by lower highs and a consistent support level around $0.430. This pattern typically indicates a bearish trend that may lead to a breakdown. The Chaikin Money Flow (CMF) at -0.08 suggests slight selling pressure, indicating a potential outflow of funds from XRP, which could precede further price declines.

With an RSI of 55.48, XRP's current position suggests a moderate bullish momentum, neither overbought nor oversold. The RSI above the 50 mark indicates potential support for a price increase if other factors align.

The resilience of the support level at $0.530 indicates ongoing buyer activity at lower price points, potentially setting the stage for a reversal if bullish momentum strengthens. This level now acts as a significant support level, with a potential breakout signaling increased buyer interest and a push towards higher resistance levels.

Potential Price Scenarios

A successful breach of the immediate resistance at $0.543 could lead XRP to retest the double top resistance in the range of $0.595 to $0.600. Conversely, failure to surpass this resistance may prompt a retest of the support at $0.530. A drop below this level could signal a decline towards $0.500, with further downside potential towards the major support at $0.430, aligning with the bearish implications of the descending triangle pattern.

Regulatory Landscape and Market Catalysts

Recent regulatory developments, such as Coinbase's relisting of XRP in New York and the passing of the FIT21 bill by the U.S. House of Representatives, have provided clarity in the regulatory environment, potentially boosting investor confidence. Notable accumulation activities among XRP 'whales' indicate strong support for price stability and growth. The buzz surrounding the potential introduction of spot XRP ETFs in the U.S. has also generated optimism in the market, with analysts highlighting XRP as a promising candidate for ETFs following the approval of spot Ether ETFs.