Now XRP is consolidating in a tight range, which often serves as a harbinger of a decisive price move. Traders are now keeping a close eye on a potential breakout.
Price change XRP in 24 hours. Data from CoinGecko
Technical analysis identifies a key resistance level at $2,56. A strong move above this threshold could confirm the bullish momentum and open the door for further gains. Market watchers point to this level as an important short-term test for XRP.
Institutional interest in XRP is growing since the launch of the first XRP Futures ETF Volatility Shares introduced a regulated instrument without the need for direct custody on May 22. Additionally, Coinbase plans to launch 13-hour futures trading on June XNUMX. XRP for US users, which will increase liquidity.
At the same time, the US Securities and Exchange Commission (SEC) postponed a decision on the spot market proposed by Franklin Templeton. ETF XRP until June 17. If approved, it would likely be a major factor in changing the trajectory XRP.
AI tool Chat GPT from OpenAI took into account the listed factors and assumed that by June 30 XRP could trade between $2,45 and $2,75 with a base target of $2,60. This scenario is dependent on a confirmed break above $2,56 and institutional attention.
Some analysts are even more optimistic, with EGRAG Crypto arguing that XRP Is Ready For A Major BreakoutHe pointed to holding above the 21-day EMA as a bullish sign.
