As of June 3, 2025, XRP is trading at approximately $2.22, reflecting a modest increase of 0.03256% over the previous close.
Analysts are split on what happens next for XRP, Ripple’s native token. In this article we review the bullish and bearish scenarios for XRP over the upcoming days and weeks.
XRP Price Outlook: Bullish and Bearish Scenarios
Bullish Catalysts
- Short Squeeze Potential: XRP’s open interest has surged to nearly $5 billion, indicating increased speculative activity and potential for a price breakout.
- Dubai Stablecoin Approval: Ripple’s RLUSD stablecoin received approval from the Dubai Financial Services Authority, integrating it into the region’s payment platform. This development has contributed to a recent uptick in XRP’s price.
- Institutional Interest: Rumors suggest that BlackRock is poised to file for a spot XRP ETF, sparking excitement in the cryptocurrency market.
Bearish Risks
- Technical Patterns: XRP forms an inverted V-shaped correction pattern on the daily chart, risking a 20% drop to $1.70.
- Declining Network Activity: The XRP Ledger has experienced a significant drop in network activity over the last two months, with daily active addresses falling from a peak of 608,000 in March to around 31,200. This decline may signal reduced interest or a lack of confidence in XRP’s near-term outlook.
Analyst Predictions: A Wide Spectrum
- Short-Term Bearish: Some analysts warn that XRP could drop to $1.70 due to bearish technical patterns and declining network activity.
- Long-Term Bullish: Others predict that XRP may rise to $10, $18, or even $27 after a retest of the 21 EMA, based on historical data and technical analysis.
What’s Next For XRP
XRP’s current price reflects a market in flux, with bullish and bearish indicators vying for dominance.
Investors should monitor key technical levels and stay informed about regulatory developments and institutional interest to navigate the potential volatility ahead.
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