XRP surges to $2.25 for fifth straight day ahead of ETF verdict

XRP is regaining momentum after weeks of muted performance, climbing for five consecutive sessions to reach $2.25 on 4 June 2025. That marks a 10% recovery from the monthly low of $2.0794 on 31 May. This price surge is attracting renewed attention to the token, which is currently trading in a tight technical range, with analysts eyeing $2.50 as the key breakout point. Market participants are closely monitoring several upcoming events, most notably the SEC’s decision on Franklin Templeton’s proposed spot XRP ETF, expected by 17 June. Speculation surrounding the ETF, Ripple’s legal clarity following its court settlement, and upcoming innovations in the XRP Ledger (XRPL) are combining to create bullish momentum. With whale accumulation rising and funding rates positive, traders are now positioning for a potential upside breakout. XRP trading near key resistance after 10% rebound As of Wednesday, XRP is trading between $2.19 and $2.26, with $2.27 as the immediate resistance zone. The price action is now wedged between the 200-day exponential moving average (EMA) acting as support, and the 50-day EMA capping gains. Source: CoinMarketCap A short-term triangle pattern has been forming since February, with XRP bouncing from the lower edge each time it tests support. Market watchers suggest that a sustained push beyond $2.50 would invalidate the pattern and trigger a broader rally. XRP remains structurally bullish despite mixed technical indicators, including a Relative Strength Index (RSI) around 39, hinting at subdued momentum. Institutional outflows have eased, and on-chain data suggests strong support near $2.20. Whales appear to be accumulating below $2.40, increasing the chances of a sharp move if price breaks above resistance. Ripple expands RLUSD in Dubai, ETF decision looms Regulatory and adoption-related developments are key drivers of the latest XRP rally. Ripple has secured regulatory approval for its RLUSD stablecoin in Dubai, expanding its footprint in the Middle East and enabling broader integration into institutional-grade payment systems. The move reinforces XRP’s use case for cross-border settlements. The US regulatory environment has also shifted following the settlement of Ripple’s multi-year legal dispute with the SEC, which confirmed XRP as a non-security. With that overhang removed, institutional investors are re-entering the market. Investor attention is now focused on the SEC’s upcoming decision on Franklin Templeton’s spot XRP ETF. If approved, XRP could follow in Bitcoin’s footsteps, which surged after ETF approvals in early 2024. Analysts project that an ETF listing could spark several billion dollars in inflows. Further support comes from the upcoming XRPL Apex Summit in Singapore (10–12 June), where Ripple is expected to announce enhancements including AI-driven payment tools, cross-chain swaps, and improved DeFi functionality. XRP price predictions: Targets of $3.00 and $5.00 in sight Market forecasts suggest XRP could rally to $3.00–$3.40 if it breaks above the $2.50–$2.60 resistance range. In a bullish scenario with ETF approval or major tech upgrades, analysts suggest a price of $5.00 is achievable in the coming months. If XRP fails to break out, however, it may retest support at $2.00 or even drop to $1.76. Some traders are even more optimistic. A tweet by @B_arri_C projects XRP rising to $100 in 2025 and potentially hitting $1,000 by 2027. While there is no technical or fundamental data backing this forecast, such posts reflect the hyper-bullish sentiment circulating in crypto communities. Realistic medium-term estimates for XRP range from $8 to $24 by the end of 2025, assuming continued institutional adoption and ETF-related inflows. By 2027, if Ripple’s ecosystem sees significant expansion, targets of $35–$45 are being floated by some market analysts. The post XRP surges to $2.25 for fifth straight day ahead of ETF verdict appeared first on Invezz

Source: Invezz