As XRP continues to trade in a relatively stable range around the $2 mark, analysts at the U.S.-based cryptocurrency exchange Uphold believe that June 2025 could bring significant developments that change the trajectory of this asset. According to Martin Hiesboeck, Head of Research at Uphold, several key events scheduled for next month could trigger a substantial shift in XRP's market position.

Hiesboeck points out that the current price may be the last opportunity for investors to enter the market at this level, emphasizing the convergence of potential catalysts that could accelerate XRP's next major move. Uphold reiterates this view in a separate comment following its analysis.

SEC Decision on Spot XRP ETF Could Be Very Important

Among the closely watched developments is the potential ruling by the U.S. Securities and Exchange Commission (SEC) on Franklin Templeton's spot XRP exchange-traded fund (ETF) application. The SEC's decision, now expected on June 17 after delaying the initial deadline of May, is anticipated to play a crucial role in XRP's price action in the short term.

At least ten spot XRP ETF applications have been filed, with October set as the deadline for final decisions. Hiesboeck believes that approval could significantly expand XRP's presence in traditional financial markets, comparing it to the impact that the spot Bitcoin ETF had on BTC's performance after it was approved in early 2024.

Although the approval of Ethereum's ETF in mid-2024 does not have a similar effect, some market participants believe that XRP's unique position in the global payments space and growing institutional interest could lead to a stronger market reaction.

Federal Reserve Policy Could Impact Altcoins

Another event likely to impact the market is the meeting of the Federal Open Market Committee (FOMC) of the U.S. Federal Reserve, scheduled for June 17-18. Investors are closely monitoring the Fed's monetary policy stance, particularly in the context of economic uncertainty and geopolitical risks.

If the Fed cuts interest rates or signals a more accommodative policy, the cryptocurrency market as a whole, including altcoins like XRP, could benefit from increased liquidity and investor risk appetite. Historically, such conditions have led to stronger gains for altcoins as traders seek higher growth potential assets.

Ripple's XRPL APEX Event Expected to Reveal Strategic Developments

In addition to macroeconomic and regulatory events, the XRP community is also looking forward to the annual XRPL APEX summit, which will take place from June 10 to 12 in Singapore. Organized by Ripple and focused on the XRP Ledger ecosystem, this event is expected to provide updates on new technological advancements and strategic partnerships.

Potential topics to be addressed include artificial intelligence integration, decentralized finance (DeFi), cross-chain functionality, and tokenization of real-world assets. Hiesboeck notes that any significant announcements at the conference could affect investor sentiment and lead to increased market activity.

Prospects for XRP as June Approaches

XRP's price history shows this asset's potential for rapid appreciation. After the 2024 U.S. presidential election, XRP rose from $0.50 to $3.39 in just two months. Since then, the token has consolidated in a range from $2 to $2.50.

With many major impactful events upcoming, Uphold believes June could be a decisive period for the price direction of XRP. As May comes to an end, both Hiesboeck and the exchange believe that investors may be witnessing the final phase of XRP trading below $3, making this a potentially pivotal time for market participants.