xrpboom

In 2012, while the world was recovering from the 2008 financial crisis and Bitcoin was still just a technical experiment, three men gathered in a café in San Francisco and dreamed of something bigger than just a digital currency:
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🌱 The first seed: Ryan Fugger's dream (2004)

The OBV trend line continues to reject XRP rebounds, and until OBV breaks above it, momentum remains weak despite repeated increases of 15–20%.
A large resistance wall at $2.52–$2.54 controls the breakout, and XRP needs a clean daily close above $2.56 to flip the short-term structure to bullish.
XRP price details are at risk at $2.21, with a potential slip to $2.06 if the outflow of coins from exchanges decreases further and sell-offs resume.

$XRP #Xrp🔥🔥 #XRPBoom $XRP $XRP XRP Price Prediction, Elliot Wave Analysis, and More for May 2025

The original token of Ripple, XRP, has been moving sideways in recent days, with analysts closely watching for signs of a breakout or breakdown. While the broader cryptocurrency market is experiencing some selling pressure, XRP has managed to hold key support levels - but its future direction remains uncertain.Short-term price analysisOn the short-term chart, it appears that XRP formed a decline around April 7. However, all subsequent rallies from that point have been corrective, characterized by overlapping messy movements and a three-wave pattern instead of clean trending waves.Support has held at $2.11 so far, with additional support at $2.08 and $2.14. Price briefly broke a minor Fibonacci support recently but quickly recovered without maintaining losses. The market continues to form higher highs and higher lows - a positive sign amid uncertainty.There is an initial Elliott Wave scenario where XRP may be forming a diagonal pattern to the upside, although it is not a particularly reliable setup given the overlapping structure and complexity. A decisive breakout above the descending trendline from the low of April 30 (around $2.12) could indicate the start of the third internal wave.Key resistance levels to watch are $2.33 and $2.46. A clean break from these could spark new upward momentum.Ripple Opens 1 Billion XRP: What Does It Mean?Ripple recently unlocked 1 billion XRP from escrow. While an increase in supply typically puts price pressure down, there is a significant nuance to consider. The market's reaction will depend on how Ripple distributes these tokens.If used for strategic acquisitions - like the shared offering for Circle - it could be bullish for XRP, injecting real interest and revenue into the ecosystem.

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Main Points:
XRP Soars on Hopes of ETF Approval and Settlement of Ripple’s SEC Case Before June 16-17 Court Deadlines
The approval of the NCISU index sparks optimism that numerous crypto ETFs, including XRP, could be next.
A second request from the SEC for an indicative ruling could lead to a settlement and end Ripple’s legal battle.

Ripple vs. SEC: Speculation on XRP Spot ETF Intensifies Ahead of Key Court Date
Market speculation about the SEC’s possible approval of an XRP spot ETF in the United States pushed XRP to a June 2025 high on Sunday, June 8. The reported approval of the Nasdaq Crypto US Settlement Price Index (NCISU), which includes ADA, SOL, XLM, and XRP, has increased expectations for the imminent approval of an XRP spot ETF.
Crypto commentator MartyP commented on the NCISU approval, speculating that multiple crypto ETFs could be approved in the coming weeks. In particular, Franklin Templeton’s XRP spot ETF application, the Franklin XRP Fund, has a June 17 midterm deadline. June 17 is the day after the U.S. Court of Appeals has set a deadline for the SEC to file a report on its progress toward a settlement in the Ripple case.
With the Court of Appeals’ June 16 deadline fast approaching, the SEC may file a second request for an indicative ruling on the proposed settlement this week. Judge Analisa Torres denied the first request, citing procedural errors and insufficient arguments that a settlement would serve institutional investors and the public. The terms of the settlement include lifting the injunction on the sale of XRP to institutional investors and reducing the $125 million fine.
A favorable indicative decision, if obtained on the second attempt, would allow Ripple and the SEC to seek dismissal of the cross-appeal and appeal, thereby closing the case.

XRP Price Prediction: Legal Practices and ETF News $XRP
XRP rose 4.11% on Sunday, June 8, following a 0.76% gain on Saturday, closing at $2.2682. Notably, the token outperformed the broader market, which rose 0.23%, bringing the total crypto market cap to $3.26 trillion.
The short-term XRP price forecast depends on developments in the Ripple case and spot ETF news.
A breakout above $2.30 could open the way for a retest of $2.5 and the May 12 high of $2.6553. A sustained move above $2.6553 could lead to $3 and eventually a record high of $3.5505. Conversely, a breakout below the 50-day EMA could expose XRP to the 200-day EMA and the support level of $1.9299.

What to Observe
Investors should monitor Ripple news, US cryptocurrency regulatory developments, US inflation data, and spot ETF flows. These factors will continue to influence sentiment around XRP and BTC, determining whether the tokens will rebound to recent highs.

#XRPBoom $XRP #NewsUpdated