XRP fell from over $2.60 on May 15 to around $2.40 on May 22, highlighting recent selling pressure. While the daily gains temporarily boosted sentiment, the short-term direction shows clear weakness. Traders have adopted a wait-and-see approach and are monitoring broader signals as market volatility continues.
A change may come in June, as noted by The Motley Fool, which listed several events likely to impact XRP. The most significant event would be the potential approval of the XRP spot exchange-traded fund. Franklin Templeton's ETF application is still under SEC review, and the final decision date has been set for June 17, 2025.
Comparisons with Bitcoin are often made. Prices rose when BTC ETFs were approved in January 2024 but did not do so with the similar launch for Ethereum in July 2024. The fate of the XRP situation remains uncertain, with seven active applications pending. However, interest from institutions has not dissipated.
The Attention of Organizations, ETF Pressure, and Broader Economic Changes
The second important day in June is the FOMC meeting on June 17-18. Market analysts will closely monitor this event, looking for interest rate policy signals. If economic weakness or escalating trade conflict increases, rate cuts are possible. Historically, they tend to be positive for risky assets like XRP.
Another event attracting attention is the APEX summit of XRPL in Singapore from June 10-12. Ripple executives will discuss applications of AI, interoperability, and coding. Although the summit will focus on developers, previous summits have provided updates that have an immediate impact on trading.
Considering all trading behavior, the latest research from Kraken, provided by CF Benchmark, shows that institutional demand for XRP is increasing. Institutional interest has risen since the SEC withdrew its enforcement action. Trading volume on XRP has now reached levels comparable to top digital assets.
Could June 2025 Be When XRP Reaches $3.4 Next?
XRP leads the strong rally with spot trading volume on Binance at $431.61 million and spot trading volume on Coinbase at $196.01 million over the 24-hour period. Derivatives trading volume surged by 16.37% to $5.94 billion, and options trading volume increased by 29.93%. The buy/sell ratio on Binance reached 3.1999, indicating optimistic sentiment. XRP price remains stable at $2.70 with increasing interest.
As prices fell, XRP has previously experienced a swift recovery. The surge from $0.50 in November 2024 to $3.40 in January 2025 is an example. Market observers remember that if the events occurring in June unfold as expected, XRP could rise rapidly once again — although nothing can be promised.
The report concludes that developments in this area remain speculative, but the timing and convergence of events in June 2025 create a scenario where XRP could witness a change in momentum direction. The involvement of institutions and regulatory clarity are now evident and provide added weight to XRP's position in the market.