/ XRP News Today! XRP to Explode Past $25 or Plummet Below $1? Here’s the Analysis
As the legal standoff between Ripple Labs and the U.S. Securities and Exchange Commission (SEC) continues, XRP investors closely monitor key court developments, potential ETF approvals, and bullish technical signals that could define the token’s 2025 trajectory.
With a pivotal deadline looming and speculation intensifying, XRP’s future remains tightly interwoven with regulatory actions and institutional interest.
On June 10, investor focus pivoted back to the SEC v. Ripple case, following fresh court filings and the approach of a critical June 16 deadline.
The SEC must submit a status report to the U.S. Court of Appeals, following the expiration of a 60-day abeyance granted in April.
The legal landscape was further complicated when Judge Analisa Torres denied the SEC’s request for an indicative ruling on the proposed settlement terms.
These terms, jointly filed by Ripple and the SEC, aimed to lift the injunction against XRP institutional sales and reduce the imposed $125 million penalty.
The denial has reintroduced legal ambiguity, prompting concerns that both parties may soon advance with their respective appeals.
Investors had anticipated another SEC request before the deadline, but the agency’s silence has cast doubt on a summer resolution.
Since Judge Torres' decision, XRP has shown notable volatility, dropping from $2.6553 on May 12 to $2.0607 by June 5, before rebounding to around $2.30.
The prospect of spot XRP exchange-traded funds (ETFs) has become a focal point for the market. On June 10, Bloomberg Intelligence’s Eric Balchunas predicted a busy summer for altcoin ETFs, with Solana leading the way.
Although XRP is in contention, ongoing litigation has tempered its chances, placing its ETF approval odds behind Litecoin and Solana.
Nevertheless, market sentiment shifted sharply after Polymarket data on June 10 revealed a surge in approval odds for an XRP spot ETF, jumping to 98%, up from 68% in April.
This spike follows a wave of applications from leading firms like Bitwise, Grayscale, Franklin Templeton, and 21Shares, along with the successful May 19 launch of XRP futures ETFs by CME Group, which saw $19 million in first-day volume.
Further bolstering XRP's institutional appeal, three companies announced plans to allocate over $471 million into XRP treasuries. Notably, Webus International filed a $300 million XRP strategic reserve with the SEC, highlighting growing corporate trust and adoption.
Ripple’s expanding influence in traditional finance was also underscored by a new partnership with Guggenheim Treasury Services. Under the deal, Guggenheim will offer its U.S. Treasury-backed commercial paper on the XRP Ledger.
Ripple will invest $10 million into the offering, which features customized maturities of up to 397 days.
This marks a significant move toward the tokenization of real-world assets (RWAs), a growing trend on Wall Street. With over $7 billion in tokenized U.S. Treasurys already issued, spearheaded by BlackRock, Franklin Templeton, and Fidelity, the partnership strengthens XRP’s position in the burgeoning RWA market.
While regulatory developments weigh heavily on XRP, chart analysts are growing increasingly bullish. Crypto analyst JD (@jaydee_757) identified a hidden bullish divergence on the two-week Stochastic RSI, drawing parallels with XRP’s 2017-2018 market cycle. Back then, a similar setup led to a 20x rally.
JD noted that XRP has broken out from a multi-year symmetrical triangle originating in 2018, signaling a potential parabolic move.
He projects a price surge toward $17, followed by a dramatic correction, possibly crashing below $1, echoing the 94% drop seen post-2017 rally.
Market analyst Egrag Crypto shares a similar view, forecasting XRP to hit between $20 and $27 in 2025 before potentially retracing to around $3 during a bearish phase.
His "Guardian Arch" analysis leverages the 21-week EMA and 33-week SMA, along with the presence of a bullish flag on the monthly chart.
On June 10, XRP closed at $2.3064, down 0.66% on the day, slightly underperforming the broader crypto market. Currently, XRP trades at $2.2894, recovering from recent lows around $2.06 and up 9.7% over the past few days.
A move above $2.35 could spark a climb toward resistance at $2.6553 and eventually the $3.00 mark.
Surpassing this barrier may confirm the start of a parabolic uptrend with potential targets beyond $25. Conversely, failure to hold support could expose XRP to downside risk near $1.93, the 200-day EMA level.
With legal clarity still pending and ETF hopes surging, XRP stands at a critical juncture. The growing integration of Ripple with institutional finance, combined with bullish chart patterns, presents a compelling narrative for XRP bulls. Yet, historical precedent and unresolved litigation caution against overexuberance.
Whether XRP fulfills its projected rise to double digits or falls victim to another dramatic correction, one thing is clear, 2025 will be a defining year for the cryptocurrency, both in court and on the charts.