In the quietest corners of the crypto world, XRP may be quietly accumulating for a breakout above $3.
Since June 2024, Ripple's XRP price has accumulated a rise of 376%. In the past week, although the overall crypto market has risen mainly due to the unexpectedly low U.S. May CPI data, XRP has shown an independent trend in this mild rebound: a 0.2% increase in 24 hours, with a weekly gain of 3.9%. As an asset that has been entangled with regulation several times, today's XRP stands at a crossroads of redefining its own value.
Low inflation data + easing interest rate expectations: The fundamentals for XRP's rebound are ready.
The U.S. May CPI monthly rate and core CPI monthly rate both recorded 0.1%, lower than the market expectations of 0.2% and 0.3%, directly driving short-term increases in U.S. stocks and the crypto market. Although most market participants still believe the Federal Reserve is unlikely to cut interest rates immediately, subtle changes in funding sentiment have started to reflect in the settlement behavior of the crypto derivatives market. For XRP, this easing macro atmosphere provides a time window for its next phase of movement.
This is why more and more traders are beginning to focus on the two key technical resistance levels of $2.33 and $2.35—once broken, this may not only be a continuation of the short-term trend but could also indicate a formal reversal of long-term suppression.
Technical charts are quietly sending signals: XRP is at a critical point.
As of now, XRP's price is running above the support line of the 50-day and 100-day EMA ($2.26), with the current price at $2.29. The MACD indicator has just completed a bullish crossover, indicating increased buying strength in the short term.
More critically, technical analyst EGRAG Crypto points out that XRP is forming a converging triangle structure and is nearing a decision point. This structure usually indicates a 'charging period' before a market breakout. In other words, if XRP can successfully close above $2.35, it could not only break the months-long downtrend line but also ignite the engine towards a $3 rally.
However, if the price cannot hold above $2.26, it may trigger a short-term correction, potentially retesting the medium-term support level. But according to several prediction models, even if a correction occurs, the target price for XRP on June 15 is only $2.26, with a decline of about 1.74%. Most analysis institutions still maintain a 'fluctuation followed by an upward trend' main tone, expecting XRP to challenge $2.70 again before the end of August.
Policy catalysts are brewing: ETFs may become the 'final key for institutional entry'.
Although the current upward momentum of XRP mainly comes from technical structures and macro sentiment, what could truly push its price into a 'parabolic trend' is potential policy catalysts.
Reports indicate that the U.S. Securities and Exchange Commission (SEC) has included Ripple's spot ETF in the research and assessment stage. Once released, it will become the third major 'compliance bridge' asset following Bitcoin and Ethereum. This means that institutional funds will have the opportunity to directly expose XRP spot through legal channels for the first time. This is not just a minor adjustment, but a fundamental rewriting of market structure.
On the Mlion.ai platform's news flash deep analysis and fund flow tracking feature, several large institutional wallet addresses have recently shown adjustments related to XRP positions, indicating that some funds have already positioned themselves in advance. In the AI prediction model, XRP has been listed as one of the 'potential strong trend assets' between June and September.
How to plan for the future? Understanding the rhythm is more important than impulsive actions.
Bullish Perspective: If XRP breaks above $2.35, one could enter in batches (e.g., $2.36, $2.40, $2.50), with the initial target set at $2.70, and the medium-term target could aim for $3.00+. Set a stop loss below $2.26.
Bearish Strategy: If it falls below $2.26, there may be a short-term opportunity to retrace to the $2.10—$2.00 range, but this area is more of a good point for laying out long positions, rather than the best scenario for non-trend bearish plays.
In addition, with Mlion.ai's data dashboard and AI research report functions, users can monitor changes in market sentiment, key on-chain trading behaviors, and whale movements in real time, further increasing the probability of successful trading decisions.
Summary:
XRP is not without opportunities; it is simply waiting for a stage to be renamed again. The technical aspect is brewing for an explosion, policies are stirring, and market sentiment is warming up. If all these converge into a liquidity flood, breaking through $3 will no longer be a dream for XRP.
Disclaimer: The above content is for information sharing only and does not constitute any investment advice. Investment involves risks; proceed with caution.