🚨 $XRP Update – Analysis as of June 16, 2025 🚀

📌 Current Price: ~$2.28

📈 XRP Holds Above $2.20 and Confirms Bullish #Breakout from Falling Wedge, with Growing Institutional Interest and Positive Regulatory Developments

⸻

🔍 Technical Analysis

• Trend: Bullish on H4 and D1

• Indicators:

✅ Supertrend and Parabolic SAR: active long signal

✅ XRP above VWAP: positive momentum

⚠️ RSI in the 65 zone: strong but not yet overbought

📊 Key Levels:

• Support: $2.06 – $2.20

• Resistance: $2.50 – $2.60

• Short Target: $3.00 – $3.40

• Medium Target (2025): $5.00

• Extended Target (bull case): $8 – $12 – $19

⸻

⚖️ #SEC vs #Ripple lawsuit: update

• Ripple has requested a reduction of the fine to $50M

• Request underway to remove the block on institutional sales of XRP

• Judge Torres' final decision is expected by June 19.

➡️ A favorable close could fuel a significant rally.

⸻

📈 Analyst Forecast

🔸 Bitget: $5 target by end-2025.

🔸 EGRAG/CryptoBeast: up to $8–19 with extended cycle.

🔸 Standard Chartered: moderate target at $2.85–$5.50

⸻

🎯 In Summary

XRP is consolidating above $2.20 awaiting legal and institutional catalysts. A breakout above $2.60 would open the way to $3.40 and beyond. Eyes on #Washington 🇺🇸 in the coming days.

🧠 Strategy?

Monitor $2.50–2.60 for confirmation.

Pullback?

$2.20 zone remains the key base for rebounds.

⸻