#TrumpVsMusk Here are the latest updates on XRP (Ripple), updated for June 8, 2025:
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📈 Price & volume
Current price: ≈ $2.28 (~€2.00) — an increase of approximately +4% in the last 24 hours.
Traded volume (24h): around $2–2.3 billion.
Market capitalization: between $134 billion (≈ €117 billion).
Market rank: #4 cryptocurrency, with about 58.8 billion units in circulation (out of a total of 100 billion).
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🔍 Trends & analysis
1. Positive technical indicators: XRP recently formed a double-bottom pattern near $2.07, with resistance at $2.30. If it breaks this zone, the next target could be between $2.65–3.00.
2. Decreasing on-chain activity: Payment volume on the XRP network has decreased by approximately 90%, which raises concerns about possible downward pressure, towards levels around $1.70.
3. Legal and institutional outlook:
Ripple achieved a favorable ruling in the SEC lawsuit, establishing that sales on public markets do not represent securities.
There is excitement around the possibility of an XRP ETF in the US capital markets, a favorable status would stimulate demand.
In March 2025, the US Administration included XRP in the plan for a "strategic reserves of digital assets".
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🧭 Forecast & risks
Bullish scenario: if the resistance of ~ $2.30 is exceeded and volumes increase, XRP could reach $3 in the short term.
Correction scenario: decreasing on-chain activity and possible profit-taking could shift the price towards $1.70–1.80.
Influencing factors: any decisions related to ETFs, changes in SEC regulations, or macroeconomic developments will have a major impact.
