As of Wednesday morning, XRP is trading around $2.32, rebounding amid a wave of bullish technical signals and institutional interest.
Here’s what’s driving the momentum and what to watch next.
Major Catalysts Behind XRP’s Comeback
- VivoPower’s $100–121 M Institutional XRP Deployment
Nasdaq-listed VivoPower is deploying $100–121 million in XRP through Flare Network/treasury strategies—marking one of the largest institutional commitments to date. - Bloomberg Raises Spot XRP ETF Approval to 85%
Analysts at Bloomberg now assign an ~85% chance of SEC approving a XRP spot ETF this year, pointing to recent regulatory clarity and commodity designation. - Technical Breakout: Bullish Patterns in Play
XRP recently broke out of a daily falling wedge and reclaimed its 200‑day EMA, clearing resistance around $2.30–$2.35—targeting $2.53 next. - Ripple Expansion & U.S. Crypto Reserve Policy
Ripple’s growth in Japan (via SBI, JETRO initiatives) and inclusion in President Trump’s strategic crypto reserve plan is reinforcing XRP’s institutional narrative.
Key XRP Price Levels to Watch This June
According to industry analysts and chart patterns, here are critical thresholds this month:
- Support Zone: ~$2.10–$2.25 (anchored by 200‑day EMA & double‑bottom formation)
- Immediate Resistance: $2.30–$2.35 (prior support)
- Upside Target: $2.53 (from falling wedge pattern)
Bullish candles in weekly charts suggest next resistance around $2.53, with major breakout potential if $3.00 is decisively breached .
Risks & Should‑Watch Catalysts
- SEC Rule Date: June 16, 2025
A crucial legal ruling relating to Ripple’s lawsuit and ETF filings is expected mid‑month, which could realign risk premiums. - Broader Crypto Sentiment
XRP remains somewhat tied to BTC’s performance—if Bitcoin consolidates, altcoins like XRP could see sharper advances. - Speculative Targets: $10–$27?
Some optimism exists about parabolic gains (e.g., $10 or even $27), but these depend on highly unlikely events like massive ETF inflows or regulatory windfalls.
Why U.S. Investors Should Care
- Institutional Demand: VivoPower’s commitment validates XRP’s role as an institutional-grade treasury instrument.
- ETF Odds Rising: An 85% probability of a spot ETF in 2025 could unlock billions in retail/institutional inflows.
- Technical Setup Aligns: Breakout from falling wedge + 200‑day EMA support forms a robust entry signal.
What’s Next for XRP?
- Bearish Case: Failure to hold $2.10–$2.25 could retest lower support before a rebound.
- Bullish Case: A confirmed breakout above $2.53 could aim for $3.00–$3.30 in the near term, and possibly beyond if ETF approval arrives.
XRP is showing prime early‑bull signals in June—anchored by strong institutional interest and growing ETF optimism. The window is open to ride the next leg higher toward $3.00+, though traders should closely monitor the June 16 ruling and key support levels.
FULL COVERAGE: XRP | Cryptocurrency Market
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