🚀 XRP kicks off the week with strength: Is a break of USD 2.30 coming?
This Monday, June 9, XRP is trading at USD 2.26, with a slight intraday pullback from the high of USD 2.29. Despite this, the token has shown a firm recovery of 10% since Friday.
The market is attentive because a double bottom has formed at USD 2.10, and if it breaks strongly above USD 2.30, it could aim for USD 2.60 and, later, USD 3.30.
But it's not just technical analysis. There are strong fundamentals behind this movement:
• XRP has been included in the Nasdaq Crypto Settlement index, giving it institutional visibility.
• On June 16, the SEC must present updates in its case against Ripple. The market is betting heavily on a favorable resolution.
• Polymarket already reflects a 98% probability that a spot ETF for XRP will be approved.
In parallel, CME has already listed futures on XRP, and projects like Ripple's RLUSD are gaining traction, especially in Dubai.
📈 What to watch?
• Key support: USD 2.10
• Immediate resistance: USD 2.30
• Target in case of a breakout: USD 2.60–3.30
🟡 Watch out for June 16, because it could change the entire outlook for XRP.
