The article discusses the current situation regarding XRP's price, latest news about Ripple, and potential forecasts for the near future.
Latest Updates on Ripple XRP
Currently, nine spot XRP ETF applications have been filed. The Securities and Exchange Commission (SEC) is reviewing these applications. Investors are optimistic about the approval of XRP ETFs. Analysts like Dark Defender have set targets as high as $5.85 post-ETF approval.
Multiple institutions and large investors are considering XRP as part of their crypto reserves. Companies Webus International Limited and VivoPower plan to invest $300 million and $121 million, respectively, in this digital asset.
XRP On-Chain Sentiments
As of today, the XRP Futures Open Interest has decreased to $4.11 billion compared to $4.55 billion recorded yesterday. However, on a month-on-month basis (MoM), it has increased from $3.72 billion, a change of 10.48%. This trend indicates increased buying interest and market participation.
The number of active addresses on the XRP blockchain varied between 17,000 to 24,000 throughout the month. However, in the last 24 hours, active addresses dropped to 6.9k from 21.87k yesterday, marking a 68.44% decline—the highest single-day drop this year.
XRP Price Analysis for June 2025
After trading within an ascending channel pattern for about 2 months, the XRP coin price has lost momentum, resulting in a breakdown of the pattern on the daily time frame. With a listing price of $2.1723 and a market capitalization of $128.08 billion, it has a crypto dominance of 3.89% as of today.
Technical indicators such as the Simple Moving Average (SMA) and Moving Average Convergence Divergence (MACD) display a stronger bearish trend in the XRP price chart. The SMA indicator acts as a resistance to the price chart, while a bearish divergence in the MACD suggests weak buying pressure for the altcoin in the market.
In case of a bullish reversal, the XRP price would immediately regain momentum and retest its resistance of $2.50 shortly. If the crypto market does not break at this point, this could lead to this altcoin rising toward its awaited target price of $3. Meanwhile, optimistic targets are set at $7, though this seems difficult to achieve in the short term. On the downside, sustained bearish action could result in the price of XRP dropping toward its pivotal support zone of $2.00. However, the chances of such an event occurring are relatively lower as market sentiment is turning bullish.
The situation surrounding Ripple and its XRP token requires attention from investors. Positive market sentiments and announcements regarding potential ETFs may serve as growth catalysts. However, the current dynamics indicate a need for caution in investment strategies.
