📈 Technical and fundamental indicators
Price movement: XRP is currently trading around $2.30, and it has seen a rebound from a 'falling wedge' pattern, which is a bullish reversal pattern. Surpassing the resistance level of $2.30–2.35 could open the way towards $2.50–2.53.
Momentum indicators: The Relative Strength Index (RSI) is neutral, which allows more room for upward movement before saturation.
Institutional ownership: We notice an increase in whale accumulation, especially through Webus and VivoPower with over $200–300 million XRP in reserves, which enhances institutional confidence.
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🌐 Regulatory and institutional developments
Probability of ETF approval: Bloomberg raised the chances of approval for the XRP fund to 85–92%, with the deadline approaching in mid-June. This could be a strong catalyst for investment flows.
Awaited SEC decision: A court ruling is expected by June 16, followed by a decision on the ETF around June 17, placing the market at a pivotal moment.
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🔧 Technical developments and environmental fabric
Development outlook: The launch of a sidechain supporting smart contracts on XRPL is expected in Q2 2025, increasing its effectiveness in DeFi and real applications.
Support for projects: A grant of $200,000 to fund Japanese companies on XRPL, along with the launch of several DeFi projects such as XpFinance and Vaultro and token asset projects and technological bridges.
🧭 Summary and recommendations
Short-term movements: We are closely monitoring the price turn around the $2.30–2.35 level; a strong close above could enable the market to break towards $2.50, while a break below $2.20–2.12 could push for a correction towards $2.00–1.90.
Main catalysts: SEC decisions and ETF mid-June, along with technical updates from XRPL Summit, in addition to the results of American financial policies (Fed), all are factors that may quickly change the direction.
Possible strategy: for high risk – gradual entry between $1.90 and $2.10 with a stop at $2.00, and taking profits at resistance levels; for conservative portfolios, an initial entry is not preferred until regulatory decisions are finalized.
