Here's the latest XRP news:
Recent Price Movement
XRP's price has been steady, with a 0.04% increase, currently trading at $2.29. The cryptocurrency saw a recent surge, rising 2.36% on June 9, following a 4.11% rally on the previous day.
Ripple's Expansion in Japan
Ripple is expanding its presence in Japan, partnering with SBI Holdings to enable fast and low-fee cross-border transactions. This move could potentially mirror its success in the US after the SEC vs. Ripple case.
SEC vs. Ripple Case
The SEC vs. Ripple case is ongoing, with a potential settlement filing expected. A favorable ruling could expedite the withdrawal of appeals and pave the way for an XRP-spot ETF market.
XRP Price Outlook
XRP's near-term price outlook depends on court filings and ETF-related news. Key levels to watch are:
- *Resistance*: $2.35, $2.5, and $2.6553
- *Support*: $2.25, $1.9299, and the 200-day EMA
Market Trends
The cryptocurrency market is influenced by various factors, including .
- *US-China trade talks*: Progress in trade negotiations could boost the market.
- *ETF flows*: Inflows into Bitcoin and Ethereum spot ETFs could impact sentiment.
- *Regulatory developments*: Clarity on crypto regulations could support growth.
Overall, XRP's price is expected to be influenced by the outcome of the SEC vs. Ripple case, ETF-related news, and broader market trends .
