XRP is nearing significant resistance levels, according to analyst Zach Rector, who cautions that this could either support a brief rally or trigger a correction. Rector highlights the 0.236 Fibonacci level near $2.27 as a critical decision point, with potential for XRP to climb towards $2.40. However, a rejection at this level could indicate weakening momentum and lead to a pullback. Rector also points to regulatory uncertainty in the U.S. as a factor that could increase volatility. Delays in crypto legislation, such as the CLARITY Act, and political developments in Washington, D.C., may impact market sentiment. Historically, XRP has been sensitive to regulatory news, with past delays leading to price volatility. Currently, XRP is trading at $2.11, down 1.52% in the last 24 hours.