Despite renewed optimism from US–China trade progress, XRP’s price remains range-bound between $2.26 and $2.33, signaling cautious investor sentiment
2. Consolidation at $2.28–$2.30
XRP is holding steady in this range, backed by Ripple’s gains in Dubai and on‐ledger stablecoin initiatives. Institutional access deeply improves via Ondo Finance’s US Treasuries & commercial paper products on the XRP Ledger
🛡️ Draft Crypto Regulation in Progress • Pakistan moves closer to crypto regulation with draft framework under review (June 5): The Pakistan Crypto Council (PCC), led by Finance Minister Aurangzeb, is fast-tracking a legal framework to regulate digital assets, with stakeholder consultations underway
💼 Institutional Moves & Market Infrastructure • Circle’s IPO: crypto’s big public debut Circle Internet Group, issuer of USDC, soared after its IPO—up 168% initially and another 12% in pre-market trading. Gemini has since filed for its own IPO with the SEC . • Traditional companies piling into Bitcoin treasuries Around 60 non-crypto companies have added cryptocurrencies—Bitcoin, Ether, Solana, XRP—to their treasuries. Total investments since April amount to $11.3 billion, with some firms issuing debt to finance purchases. Analysts warn of volatility risks .
🏛️ Regulation & Policy • UK’s FCA to lift ban on crypto ETNs for retail investors The UK Financial Conduct Authority (FCA) plans to allow retail investors to trade crypto exchange-traded notes (ETNs), after previously restricting them to professionals. The move will be subject to public consultation and aligns the UK more closely with US regulatory frameworks