Ripple Price Forecast: XRP Slips Toward $1.40 Despite SG-FORGE Tapping Protocol for EUR CoinVertible

XRP has dropped toward $1.40 as a result of bearish market conditions. Hawkish Federal Open Market Committee Minutes and heightened US-Iran tensions have increased investor caution. These factors have reduced expectations for a June 2026 rate cut, contributing to the decline in XRP's price.

Outflows from BTC-spot ETFs have further impacted investor sentiment. Although XRP ETF outflows are smaller, the overall crypto market remains vulnerable to shifting macroeconomic conditions. Analysts are closely watching how the Federal Reserve's policy decisions could influence XRP's trajectory in the near term.

SG-FORGE, the digital asset division of Societe Generale, has deployed its euro-denominated stablecoin, EUR CoinVertible, on the XRP Ledger. This move is part of the firm's multi-chain strategy, which includes Ethereum and Solana. The integration aims to leverage the XRP Ledger's speed, scalability, and low transaction costs.

Why Did This Happen?

The deployment of EUR CoinVertible on the XRP Ledger reflects a strategic choice focused on performance and cost efficiency. SG-FORGE cited the XRP Ledger's low costs and fast settlement times as key factors in its decision. The move supports institutional use cases, including trading and treasury workflows.

This integration is also a step toward broader adoption of regulated stablecoins and tokenized finance. Ripple's custody solution will support the EUR CoinVertible rollout, opening possibilities for new applications such as trading collateral and product integration.

What Are Analysts Watching Next?

Market participants are tracking key technical levels for XRP. The $1.0 level is seen as a critical support, while the $1.5 level could act as a potential reversal point. Longer-term, the passage of the Market Structure Bill and a dovish shift in central bank policies could push XRP toward $2.5 and potentially $3.0.

Analysts also highlight the importance of XRP's utility and regulatory developments. The Senate's potential passage of the Market Structure Bill could enhance the asset's appeal for institutional investors.

Investor sentiment is influenced by broader macroeconomic factors, including the Fed's policy stance and geopolitical risks. These remain key drivers for XRP in the short term.

What Does This Mean for Investors?

Investors should remain cautious while monitoring the Fed's inflation outlook and geopolitical developments. ETF flows and the regulatory environment will play a crucial role in shaping XRP's price action.

Despite near-term bearish pressure, the long-term outlook for XRP remains positive. Increased demand for XRP ETFs and the potential for enhanced utility could support a medium-term recovery.

The XRP Ledger's strategic positioning in institutional digital asset offerings is gaining traction. Continued adoption of compliant crypto-assets on the ledger could reinforce XRP's relevance in tokenized finance.