XRP has demonstrated remarkable resilience, rebounding 7% to $2.20 after finding strong support at $2.07. This recovery follows a sharp sell-off that saw trading volume spike to 228.6 million units—nearly double the daily average. Analysts interpret the rebound as a sign of capitulation selling rather than steady distribution, with bullish momentum returning as buyers aggressively stepped in between $2.10-$2.15. The price action suggests renewed confidence among investors, particularly as Ripple secures regulatory approval in Dubai for its RLUSD stablecoin, further solidifying its position in the global crypto ecosystem. With the market eagerly awaiting an ETF decision, XRP's technical and fundamental outlook appears increasingly optimistic as of June 2025.
XRP Rebounds 7% Amid Volatile Trading as Market Awaits ETF Decision
XRP surged 7% to $2.20 after finding support at $2.07, recovering from a sell-off that saw trading volume spike to 228.6 million units—nearly double the daily average. The rebound signals capitulation selling rather than steady distribution, with bullish momentum returning as buyers stepped in between $2.10-$2.15.
Ripple’s regulatory approval in Dubai for its RLUSD stablecoin underscores its push to integrate crypto into cross-border payments. All eyes now turn to Franklin Templeton’s proposed spot XRP ETF, with a decision expected by June 17. Approval could unlock institutional inflows and reshape XRP’s liquidity profile.
Technically, XRP’s consolidation above its 200-day moving average suggests resilience despite broader market volatility. The token continues to straddle roles as both a settlement asset and a risk-on hedge, though the $2.50-$2.60 resistance zone remains a critical test for sustained upside.
XRP Tests Critical Support Amid Market-Wide Crypto Selloff
XRP plunged 4% to $2.12 as the broader cryptocurrency market tumbled 5% on June 6, driven by political tensions between former President Donald Trump and Elon Musk. Trading volume surged 80% to $2.97 billion, with derivatives activity spiking 70% during the downturn.
Technical indicators show XRP testing its lower Bollinger Band at $2.07 after breaking below the 20-day moving average. The token now approaches a make-or-break support zone that could determine its near-term trajectory.
Market participants await two key developments: a June 16 update in Ripple's ongoing SEC case and Franklin Templeton's ETF decision due June 17. Corporate investments in XRP-related projects now exceed $400 million despite regulatory uncertainty.
Ripple vs SEC Lawsuit Nears Critical Juncture as June 16 Deadline Looms
The protracted legal battle between Ripple and the U.S. SEC enters a decisive phase as the June 16 deadline for status updates approaches. Market observers await the SEC's response to the Appeal Court, which could either accelerate proceedings or trigger another 60-day delay if new motions emerge.
Contrary to social media speculation, June 16 marks a procedural milestone rather than a settlement date. Attorney Fred Rispoli notes Judge Torres' recent rejection of settlement attempts, with neither party having refiled in the subsequent 20 days. The crypto community watches for potential last-minute motions that could reshape the litigation timeline.
Circle’s Strong IPO Doesn’t Rule Out Potential Ripple Deal
Circle’s recent IPO on June 5 made waves as its stock surged 167% during its NYSE debut. Despite this success, financial challenges loom—distribution costs consume 60% of revenue, squeezing margins. Unlike Coinbase, Circle’s model leans heavily on stock sensitivity rather than stablecoin adoption, raising questions about its long-term appeal.
Rumors of a Ripple acquisition persist, though uncertainty remains. Past M&A talks with Coinbase and Ripple collapsed over valuation gaps. Public market pricing could now bridge those differences, reigniting deal potential.
