Immediate Outlook (Next 24-72 hours)
Current Price: Around $2.19 - $2.20 USD.
Bullish Potential: The strong rebound in the last 24 hours, driven by the positive resolution of the SEC settlement and a significant increase in trading volume, suggests continued upward pressure. If XRP can sustain above the $2.15 mark, it is likely to retest immediate resistance levels around $2.25-$2.30.
Key Target: A major psychological and technical target in the very short term would be to break and hold above $2.33, which was a strong resistance level in early June. Some analysts suggest a 7% move is likely in the next 24 hours towards this level.
Support Levels: Strong support has formed around $2.10-$2.12. A dip below this could indicate a temporary pullback, but as long as it holds above $2.00, the bullish sentiment remains.
Influencing Factors: The market will be closely watching for any official announcements regarding the spot XRP ETF, particularly the Franklin Templeton decision expected around June 17, 2025 (though some reports suggest it's been delayed or is still pending). Easing geopolitical tensions also contribute to risk-on sentiment.
Next 7 Days (Late June - Early July):
Continued Uptrend (High Probability): If the current bullish momentum holds and broader market conditions remain favorable, XRP has the potential to climb further.
Potential Range: If the $2.33 resistance is breached, XRP could target $2.40-$2.50. Some optimistic analyses even suggest a push towards $2.60-$2.65 if volume remains strong and positive news (like an ETF approval) materializes.
Consolidation Possible: After a significant surge, some profit-taking or minor pullbacks are natural. XRP might consolidate gains around its new support levels before attempting further upward moves.
Risk Factors: Unexpected negative news (e.g., global economic downturn, new regulatory challenges, or a delay/rejection of an ETF) could quickly reverse the trend.
In summary: The short-term outlook for XRP is cautiously optimistic, with recent legal clarity acting as a major catalyst. Expect continued volatility, but the general sentiment is leaning towards further gains in the coming days, with key resistance levels around $2.25-$2.35 being the immediate hurdles.