As Bitcoin (BTC) continues to rise, investor attention shifts towards altcoins, particularly Ripple (XRP). With a current price around $2.39, signs of a potential significant change are emerging.
Possible ETF Approval for XRP
Optimism surrounding XRP is fueled by the potential approval of a spot ETF. The U.S. SEC is expected to decide on Franklin Templeton’s application by June 17. If approved, this would pave the way for XRP into mainstream finance.
Impact of the Fed Meeting on the Crypto Market
Another key moment is the upcoming U.S. Federal Reserve meeting. If they decide to cut interest rates, this could attract investors to cryptocurrencies, including XRP.
Ripple's Event in Singapore and Its Significance
Additionally, Ripple will host the XRPL APEX developer event from June 10-12 in Singapore. Such events often announce significant updates or new partnerships, which could further boost interest in XRP.
Many analysts are closely watching XRP this month, and it is believed that June could be a critical moment for the token, potentially opening up new horizons for its growth.
