#MarketRebound #MarketRebound

XRP is experiencing relative stability in its price around $2.32 today after a slight increase from the previous close. The market shows moderate buying momentum with trading volume exceeding $2.8 billion, indicating growing interest from institutional and individual traders. One of the key current catalysts is the anticipation of the U.S. Securities and Exchange Commission (SEC) report on developments in the case with Ripple, expected to be released on June 16. Any indications of a settlement could drive the currency to rise strongly, especially if accompanied by positive developments regarding the spot ETF for XRP, which the markets currently expect a high probability of approval. This event represents a potential turning point that could drive the price to levels exceeding $3 if confirmed. On the other hand, Ripple has launched strategic partnerships in Japan with a Web3 platform supported by JETRO, aimed at enhancing the use of the XRP Ledger in DeFi projects, adding practical dimension and actual value to the network. Technically, the price is holding above an important support area near $2.20, with a continuous test of the resistance area at $2.30, where a breakout could pave the way toward higher targets at $2.50 and then $2.80 in the short term. Technical indicators like the MACD and moving averages suggest an upward trend supported by buy signals and a relative increase in momentum. There has also been significant activity from whales, with approximately 498 million XRP transferred from Ripple wallets to private wallets, which may signal repositioning or preparation for upcoming price movements. Overall, the stronger scenario currently leans towards positivity, conditioned by the outcomes of upcoming events this week, which include the SEC report, ETF support prospects, and ongoing practical partnerships with financial and tech institutions in Asia. Therefore, traders are advised to monitor the levels of $2.17 as a key support and watch for any breakout above $2.35 as a confirming buy signal, adjusting entry and exit strategies based on real-time market developments.