As June draws closer, momentum is building around XRP, fueled by growing anticipation for the U.S. Securities and Exchange Commission’s (SEC) upcoming crypto roundtable. The Ripple-linked digital asset has experienced volatile price movements in recent weeks, leaving investors eager to understand what might come next. Despite short-term uncertainty, several top analysts remain bullish, suggesting a potential breakout could be on the horizon.
DonAlt: XRP’s Upward Move Is Just Getting Started
Veteran cryptocurrency trader DonAlt has emerged as one of the most vocal proponents of an impending XRP surge. In a recent analysis, he described XRP’s chart as “one of the most interesting” among altcoins, pointing to its 20% rally since late April as a possible precursor to much larger gains.
“What we’re seeing with XRP’s gains is just peanuts compared to what might be around the corner,” DonAlt stated.
He highlighted $2.75 as a critical resistance level. A confirmed breakout above this point could trigger rapid upward momentum. Given his track record — including accurate predictions about XRP’s performance in late 2024 — many traders are paying close attention to his latest forecast.
XRP recently rebounded from long-standing support levels after hitting a low in April. Although it currently trades at $2.22 and has dipped below key support zones over the past 48 hours, the broader trend remains cautiously optimistic. Analysts believe that if market conditions align, the token could reassert strength and aim for higher resistance targets.
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Technical Outlook: Resistance, Support, and Bullish Patterns
Despite long-term bullish sentiment, XRP faces notable technical challenges in the short term. The price recently fell below the crucial support zone of $2.30–$2.34, drawing attention to lower levels such as $2.15 and $1.79. These zones are now seen as vital for preventing further downside pressure.
On the 4-hour chart, XRP is trading beneath its 50-, 100-, and 200-period Exponential Moving Averages (EMAs), while the Relative Strength Index (RSI) remains below the 50 midpoint — both indicators pointing to ongoing bearish momentum.
However, there are emerging signs of potential reversal. Some analysts have identified a developing "inverse head and shoulders" pattern — a classic bullish formation. For this pattern to confirm, XRP must break and sustainably close above $2.62.
Additionally, a bullish triangle formation is visible on price charts, with a breakout above $2.61 potentially signaling strong upside momentum. If confirmed, such a breakout could validate predictions of a significant rally in June.
Key Technical Levels to Watch:
- Immediate resistance: $2.61–$2.62
- Major resistance: $2.75
- Critical support: $2.15
- Stronger support: $1.79
A decisive move beyond $2.75 could open the path toward $3.00 and beyond, especially if macro conditions improve.
SEC Crypto Roundtable: A Potential Catalyst for XRP
One of the most anticipated events for the XRP community is the SEC’s crypto roundtable scheduled for June 9. Titled “DeFi and the American Spirit,” the session will bring together regulators and blockchain experts to discuss the future of decentralized finance (DeFi) and digital assets regulation.
Featured speakers include Rebecca Rettig from Jito Labs, Peter Van Valkenburgh of Coin Center, and Jill Gunter of Espresso Systems — all respected voices in the crypto policy space.
Regulatory clarity has long been a central issue in XRP news, particularly due to Ripple's ongoing legal battle with the SEC. While recent developments have not delivered a final resolution, any indication of progress or constructive dialogue during the roundtable could significantly boost investor confidence.
SEC Commissioner Hester Peirce emphasized the importance of fostering innovation within DeFi:
“DeFi is a testament to the promise of crypto because it allows people to transact with each other directly.”
Even indirect signals of favorable regulatory direction could serve as a catalyst for XRP’s price, especially amid rising speculation about potential XRP ETF approval or expanded institutional adoption.
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Market Sentiment and Derivatives Activity
Derivatives markets are showing signs of increased volatility. Open interest in XRP futures has declined by 4.6% to $4.67 billion, while trading volume surged 50% to $4.45 billion — a combination often associated with market shakeouts and liquidations.
Notably:
- Long liquidations reached $8.5 million
- Short liquidations stood at approximately $713,000
This imbalance suggests that bears have gained short-term control, contributing to recent downward pressure.
Despite this, institutional activity hints at underlying confidence. Reports indicate that a major whale recently took a long position on XRP via HyperLiquid, signaling belief in its near-term upside potential.
With U.S. inflation data from the Personal Consumer Expenditures (PCE) Index expected soon, markets may experience additional turbulence. However, strong fundamentals and upcoming catalysts could help XRP weather short-term headwinds.
What Lies Ahead for XRP in June?
The path forward for XRP remains uncertain in the immediate term but holds significant promise. The asset sits at a crossroads between bearish technical patterns and bullish macro expectations driven by regulatory developments.
Brad Garlinghouse and the Ripple team have consistently advocated for clearer crypto regulations. If the June 9 roundtable yields tangible progress or positive sentiment from regulators, it could strengthen Ripple’s legal standing and reignite investor enthusiasm.
Beyond regulation, speculation continues around strategic Ripple partnerships — including rumored collaborations with major financial institutions — and even the possibility of an XRP ETF filing gaining traction.
While no outcome is guaranteed, many analysts agree: June could be a pivotal month for XRP.
Frequently Asked Questions (FAQ)
Q: What is driving XRP price predictions for June?
A: Analysts cite technical patterns like the inverse head and shoulders formation, growing institutional interest, and the upcoming SEC crypto roundtable as key drivers behind bullish forecasts.
Q: Is XRP likely to reach $3 in June?
A: Reaching $3 would require a sustained breakout above $2.75 resistance. While possible under favorable conditions, it depends on market momentum and regulatory clarity.
Q: Could an XRP ETF be approved in 2025?
A: While no formal application has been filed yet, increasing institutional engagement and regulatory discussions have renewed speculation about future ETF prospects.
Q: Why is the SEC roundtable important for XRP?
A: Any move toward regulatory clarity benefits Ripple’s legal case and reduces uncertainty for investors, potentially boosting market confidence and price action.
Q: What happens if XRP fails to break $2.75?
A: Failure to突破 this level may result in prolonged consolidation or further decline toward support zones near $2.15 or $1.79.
Q: Are whales still buying XRP?
A: Yes — recent data shows institutional-sized long positions being opened, suggesting continued confidence among large holders.
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