3 Main Reasons June Could Be Big
As Bitcoin (BTC) continues to break its price, attention now shifts towards altcoins, primarily XRP Ripple. With XRP currently trading around $2.39, there are signs that something big may be coming. According to Dr. Martin Hiesboeck, head of research at Hodl, if things go well, June could be a turning point for the token. Approval of XRP ETF is just around the corner. One of the biggest drivers of this optimism is the potential for the long-awaited approval of the XRP ETF. The U.S. SEC is expected to decide on Franklin Templeton's application by June 17. If it gets the green light, it will be a significant step forward, bringing XRP closer to mainstream finance and making it easier for large investors to jump in. Of course, not every ETF leads to a price surge, as seen with Ethereum last year. But given XRP's unique legal journey and strong community support, many believe this time could be different. A Federal Reserve meeting could open crypto flows. Another key moment is the upcoming meeting of the U.S. Federal Reserve. If they decide to cut interest rates, investors may start looking for better returns in places like crypto. This could bring more interest and money into altcoins like XRP. Meanwhile, lower prices mean cheaper money, which usually leads to increased interest in altcoins like XRP. Major developer event in Singapore. Furthermore, a Ripple developer event, XRPL Apex, is set for June 10-12 in Singapore. These events often include announcements, updates, or new partnerships. If Ripple reveals something significant, it could boost confidence in XRP even more. June could be a turning point. Dr. Hiesboeck is not the only one who believes something big may come. Many analysts are closely watching XRP, with some believing June could be the month it finally breaks out of its long-term range.
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