Architectural Concept Design Collection

  • CONTACT
  • MARKETCAP
  • BLOG
Finances Investing and Crypto News
  • BOOKMARKS
  • Finance
  • Investment
  • Crypto
    • Bitcoin
    • Blockchain
    • Ethereum
    • Forex
    • Tether
  • Market
    • Binance
    • Business
    • Investor
    • Money
    • Trading
  • News
    • Mining
    • NFT
    • Stocks
Reading: Top 4 reasons why XRP price may surge 50% in June
Share
  • bitcoinBitcoin(BTC)$106,317.35
  • ethereumEthereum(ETH)$2,635.31
  • tetherTether USDt(USDT)$1.00
  • rippleXRP(XRP)$2.22
  • binancecoinBNB(BNB)$671.86
  • solanaSolana(SOL)$161.12
  • usd-coinUSDC(USDC)$1.00
  • dogecoinDogecoin(DOGE)$0.198197
  • tronTRON(TRX)$0.269669
  • cardanoCardano(ADA)$0.70
Finances Investing and Crypto NewsFinances Investing and Crypto News
0
Font ResizerAa
  • Finance
  • Investment
  • Crypto
  • Market
  • News
Search
  • Finance
  • Investment
  • Crypto
    • Bitcoin
    • Blockchain
    • Ethereum
    • Forex
    • Tether
  • Market
    • Binance
    • Business
    • Investor
    • Money
    • Trading
  • News
    • Mining
    • NFT
    • Stocks
Have an existing account? Sign In
Follow US
© Foxiz News Network. Ruby Design Company. All Rights Reserved.
Finances Investing and Crypto News > Blog > Crypto > Bitcoin > Top 4 reasons why XRP price may surge 50% in June
BitcoinMarket

Top 4 reasons why XRP price may surge 50% in June

admin
Last updated: 01/06/2025 6:42 Chiều
admin
Published 01/06/2025
Share


XRP remains in a technical bear market after falling 37% from its peak earlier this year. Its price is stuck at the same level where it began the year, underperforming Bitcoin, which has risen 15% in 2025.

Ripple (XRP) price was trading at $2.140 on Sunday as its volume and futures open interest remained under pressure. This article highlights the top four reasons it may jump by 50% and retest the year-to-date high of $3.4 in June.

  1. The Securities and Exchange Commission will decide on Franklin Templeton’s XRP ETF by June 17. Approval would likely help boost the XRP price because of the expected inflows from Wall Street investors. JPMorgan analysts estimate the fund would attract over $8 billion in funds in the first year. However, the likely scenario is that the SEC delays the approval again, possibly until October. Polymarket traders place the odds of approval by July 31 at 21%, and by the end of the year at 83%.
  2. Crypto traders are pricing an eventual XRP price breakout in the coming weeks. The eight-hour funding rate has remained in the positive zone in the past few weeks. A positive funding rate is essential data in perpetual futures, meaning traders anticipate the price to be higher. 
  3. As we wrote here, there are signs that Bitcoin will make a bullish breakout. We cited the bullish forecasts by top analysts and the fact that it is forming the handle section of the cup-and-handle pattern. This pattern points to an eventual Bitcoin surge to $143,000. A Bitcoin price breakout will likely push other cryptocurrencies, including XRP, higher.
  4. The final reason the Ripple price may break out and surge to $3.4 is its strong technicals. See below.
XRP funding rate
XRP funding rate | Source: CoinGlass

XRP technicals

The accumulation and distribution indicators point to increased accumulation. This means that XRP may now be in the accumulation phase of the Wyckoff Theory.

It will move to the markup, which has higher demand than supply. 

XRP price
XRP price chart | Source: crypto.news

The XRP price has remained slightly above the 200-day moving average. It has also formed a giant bullish pennant pattern, comprising a vertical line and a triangle. A pennant often leads to a strong bullish breakout.

XRP has also formed an inverse head-and-shoulders pattern. As such, a breakout will see it retest the resistance at $3.3842, up almost 50% from the current level.

You Might Also Like

Solayer price crashes 62% in 2 days — what happened?

Pi Network price crashes as centralization risks persist

Pullback or power-up? Bitcoin dips as demand roars on

UK rules out Bitcoin reserves: not ‘appropriate for our market’

top methods you need to know

TAGGED:JunepricereasonssurgetopXRP

Sign Up For Daily Newsletter

Be keep up! Get the latest breaking news delivered straight to your inbox.
By signing up, you agree to our Terms of Use and acknowledge the data practices in our Privacy Policy. You may unsubscribe at any time.
Share This Article
Facebook Email Copy Link Print
Previous Article Smart contracts need community intelligence
Next Article Hyperliquid surges in May, cumulative volume exceeds $242b
Leave a Comment

Để lại một bình luận Hủy

Email của bạn sẽ không được hiển thị công khai. Các trường bắt buộc được đánh dấu *

Follow US

Find US on Socials
FacebookLike
- Advertisement -
Ad image
Popular News
Dow inches higher, Nasdaq gains 0.67% despite renewed trade tensions
Emergency Funds: Importance and How to Build One
Debt Management: Strategies to Pay Off Debt Efficiently
Riot Platforms unloads 475 BTC in its biggest single-month Bitcoin sale to date
Revolut partners with Lightspark to add Bitcoin Lightning for UK and EEA users
- Advertisement -
Ad image

Follow Us on Socials

We use social media to react to breaking news, update supporters and share information

Twitter Youtube Telegram Linkedin
Finances Investing and Crypto News

FICN.net brings you the latest in finance, investment, and crypto. Stay informed with expert insights, market analysis, and beginner guides. Whether you're new or experienced, FICN.net helps you explore opportunities, manage risks, and make smarter financial decisions in a fast-changing world.

Subscribe to our newsletter

You can be the first to find out the latest news and tips about trading, markets...

Ad image
© 2024 Finance, Investment, and Crypto News. All Rights Reserved.
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?