#XRP #Today

**Price Movement & Market Performance**

Current Price**: $2.26–$2.264 (up 2.35–3.1% in 24 hours).

- **Weekly Surge**: 10% gain, marking 5 consecutive days of growth.

- **Trading Range**: Strong support at $2.19–$2.20; resistance at $2.28–$2.35.

- **Market Cap**: $131.85 billion (+2.19% in 24 hours).

### 🚀 **Key Catalysts Driving Momentum**

1. **Spot XRP ETF Buzz**:

- SEC decision expected by **June 17**, with Polymarket odds at 90% approval. Analysts suggest approval could trigger institutional inflows and push XRP to $3.00–$3.40 by July .

2. **Legal Clarity**:

- SEC’s dropped appeal against Ripple solidified XRP’s **non-security status**, boosting U.S. investor confidence .

3. **Global Expansion**:

- **RLUSD stablecoin** approved in Dubai; Ripple exploring tokenized real estate in UAE and new banking partnerships for cross-border payments .

- **XRPL Apex Summit** (next week) may reveal AI-powered DeFi tools and network upgrades .

### 📊 **Technical Outlook**

- **Bullish Signals**: Break above $2.50 resistance could target $3.00–$5.00. Whale accumulation detected between $2.20–$2.40.

- **Caution Notes**: RSI at 39–46 (neutral-bearish short-term); failure to hold $2.20 may invite sell-offs.

- **Volume**: 24-hour trading surged 6% to $2.4 billion, reflecting renewed interest.

### 🌐 **Broader Ecosystem Developments**

- **Ripple’s Strategic Pivot**: CTO David Schwartz emphasized XRP Ledger (XRPL) is evolving into a **comprehensive financial ecosystem** (loans, tokenized assets, DeFi), with XRP as its core liquidity tool.

- **Institutional Adoption**: VivoPower committed **$100 million** to XRP as treasury reserve, validating corporate confidence .

### 💡 **Market Sentiment & Predictions**

- **Short-term**: $3.00–$3.40 by July if ETF approved; bearish fallback to $2.00 if resistance holds.