XRP Price Stuck Below $1.40 as ETF Launch Delayed and Network Activity Plunges

XRP's price has been stuck in a narrow trading range between $1.35 and $1.37, unable to break through the key resistance level of $1.40. The launch of Roundhill's XRP Covered Call ETF and Teucrium's 2x Short Daily XRP ETF has been delayed until October 11, 2026, due to ongoing regulatory review. This delay does not necessarily indicate a denial.

Despite the planned ETFs holding $1.45 billion in assets with no recent inflows, and XRP Ledger transactions plummeting over 55%, indicating declining user engagement, the price faces critical support at $1.33-$1.36. A breakdown of this level risks a drop to $1.28, while a move above $1.40 could signal renewed buying momentum.