Potential Factors Driving a Potential 50% Increase in XRP Value During June
Cryptocurrency Outlook: XRP finds itself stuck in a bearish market after a 37% drop from its peak in 2025, with its price hovering around the same level as the start of the year. Bitcoin, on the other hand, is on an upward trajectory, having gained 15% so far in 2025. But things might change for XRP, and here's why.
Is an XRP Price Surge on the Horizon? With a few favorable factors at play, XRP might just be on track to increase by 50% and retest its year-to-date high of $3.4 in June. Let's break it down:
- SEC's Green Light for Franklin Templeton's XRP ETF: Despite a decision expected on June 17, the odds of the SEC approving the ETF are relatively low, with Polymarket traders betting only a 21% chance of approval by July 31, and 83% by the end of the year. However, if approved, it would draw in a whopping $8 billion from Wall Street investors, giving XRP a significant boost.
- Crypto Traders' Anticipation: The eight-hour funding rate in perpetual futures has been positive for the past few weeks, a sign that traders expect the price to rise.
- The Bitcoin Factor: There's a good chance Bitcoin will make a bullish breakout, pushing other cryptocurrencies like XRP along with it. Analysts predict Bitcoin could surge to $143,000, creating a ripple effect.
- XRP's Strong Technicals: The accumulation and distribution indicators suggest that XRP could be in the accumulation phase of the Wyckoff Theory, preparing for an ambitious move to higher ground. Additionally, a giant bullish pennant pattern and an inverse head-and-shoulders pattern hint at a potential bullish breakout.
A Quick Peek at XRP's Technicals:- The accumulation and distribution indicators suggest increased accumulation, a sign of a potential bullish move.- The XRP price remains slightly above the 200-day moving average, hinting at stability.- A bullish pennant pattern and an inverse head-and-shoulders pattern suggest a strong bullish breakout might be on the cards.
If everything falls into place, XRP could indeed surge towards $3.4 in June, marking a 50% increase from its current price. But, as always, the cryptocurrency market is volatile, and anything can happen. So, tread lightly and approach your investments wisely.
- The SEC's potential approval of Franklin Templeton's XRP ETF could lead to a significant boost for XRP, attracting $8 billion from Wall Street investors.
- Crypto traders' expectations, as indicated by the eight-hour funding rate in perpetual futures, point towards an anticipated rise in XRP's price.
- If Bitcoin makes a bullish breakout, as predicted by analysts who foresee Bitcoin surging to $143,000, it could push XRP along with other cryptocurrencies.
- XRP's strong technicals, including the accumulation and distribution indicators, a giant bullish pennant pattern, and an inverse head-and-shoulders pattern, all suggest a potential bullish breakout.
- For those interested in investing in the crypto market, it's important to remember that while XRP might surge towards $3.4 in June, the market remains volatile, and any investment should be approached with caution and careful consideration.
