Join Our Telegram channel to stay up to date on breaking news coverageThe XRP price tumbled 1.8% in the past 24 hours to trade at $2.98 despite REX-Osprey announcing that its XRP ETF (exchange-traded fund) will launch this week. The REX-Osprey™ XRP ETF, $XRPR, is coming this week!$XRPR will be the first U.S. ETF to deliver investors spot exposure to the third largest cryptocurrency by market cap, $XRP. XRP Price Faces Crucial Test Around Fibonacci LevelsThe XRP price is currently consolidating after a sharp rally in July, forming a falling channel pattern since its peak near $3.66. This corrective structure has pushed the XRP price even lower, but recent price action shows XRP attempting to stabilize around the 0.618 Fibonacci retracement level at $2.99. If the Ripple token price holds the $2.99 support and builds upward pressure, the next key resistance lies near the 0.786 Fibonacci retracement at $3.28, followed by the channel breakout zone around $3.60.