Potential Catalysts Behind XRP’s Possible 50% Surge in June
XRP, currently trading around $2.14, remains in a technical bear market after declining 37% from its peak earlier this year. Despite underperforming Bitcoin in 2025, analysts believe XRP could surge by up to 50% in June, potentially retesting its year-to-date high of $3.4. A major catalyst could be the pending decision by the U.S. Securities and Exchange Commission on Franklin Templeton’s XRP ETF, expected by June 17. Though approval is uncertain—Polymarket traders place only a 21% chance by July—analysts at JPMorgan project the fund could attract over $8 billion in inflows within the first year, significantly boosting XRP demand if approved.
Technical Indicators and Market Sentiment Signal Bullish Outlook
Beyond regulatory developments, positive on-chain data and technical analysis also support a bullish case. The perpetual futures funding rate has remained positive in recent weeks, indicating traders are betting on higher prices. XRP’s price is holding above the 200-day moving average and has formed a bullish pennant pattern as well as an inverse head-and-shoulders formation—both strong indicators of a potential breakout. Accumulation and distribution metrics also suggest that XRP is in the accumulation phase of the Wyckoff cycle, with a shift toward markup, typically characterized by increased demand and rising prices.
Conclusion
XRP’s potential 50% surge in June is supported by a mix of macro and technical factors. While much hinges on the SEC’s ETF decision, consistent buying pressure, technical patterns, and broader market sentiment paint a promising picture for a bullish breakout toward the $3.4 resistance level.