$XRP Was it an earthquake or did nothing happen?

Between June 1 and June 6, 2025, XRP experienced notable volatility. On June 1, its price was around $2.15, marking a 34% drop from its peak of $3.31 in January. During the following days, the value of XRP fluctuated, reaching a low of $2.07 on June 5, before recovering to $2.20 on June 6, driven by a 7% increase after finding support at key levels.

This rebound coincided with positive news, such as the approval of Ripple's RLUSD stablecoin in Dubai, which strengthens its position in digital payments. Additionally, the market anticipates the possible approval of an XRP ETF, which could increase its liquidity. Technically, XRP formed a "double bottom" pattern, suggesting a potential target of $30 if a bullish breakout is confirmed.

However, challenges persist. XRP broke a descending triangle pattern, indicating a possible reversal towards $1.25. Furthermore, regulatory uncertainty, especially the dispute with the SEC, continues to affect long-term prospects. In summary, while XRP shows signs of recovery, investors must stay alert to technical and regulatory developments that could influence its future trajectory.