XRP News Today: XRP Awaits SEC Report as Price Hovers Near $2.25

XRP, the cryptocurrency developed by Ripple Labs, is currently at a critical juncture, with market analysts and enthusiasts closely watching its price movements. The digital asset is nearing a significant threshold, with holding above $2.25 being crucial for bullish momentum. The next major resistance level is set at $3.00, and a successful breakout above this point could propel XRP to much higher levels. However, a failure to maintain this support could lead to a downward correction.

The upcoming June 16th report from the Securities and Exchange Commission (SEC) is anticipated to be a pivotal moment for XRP. This year has been tumultuous for the token, with a notable surge of 46% in January, followed by periods of volatility. The SEC report could potentially trigger a bull run, as it may provide clarity on the regulatory status of XRP, which has been a contentious issue for the cryptocurrency community.

Price action for XRP has been consolidating around the $2.20-$2.25 range, with moving averages converging at this level. This technical setup presents an opportunity for bulls to attempt a breakout, potentially leading to a local bull run. However, for bulls to seize the initiative, they need to push the price back to at least the $2.50 zone. At the time of reporting, XRP was trading at $2.3125, indicating that the bulls are in a precarious position.

According to an analyst, after testing lows near $2.10–$2.20, XRP bounced and is now consolidating just above $2.25. The price is moving within a tight pattern, with resistance at $2.50 and $2.65. A breakout above these levels could push XRP toward the $3.00 mark. A close above $3.00 would confirm a bullish breakout. Volume has been decreasing, signaling that a potential breakout is near. On-chain data also shows rising transfer activity and whale accumulation, often a sign of a big move ahead.

If XRP breaks above $2.65 and $3.00, analysts expect it could run toward $8–$13, especially if legal clarity improves or ETF news boosts sentiment. These targets are based on wave analysis and long-term chart patterns. According to the analyst, EGRAG CRYPTO, the “Guardian Arch” is a long-term price projection for XRP, pointing to a potential rally toward $20–$27. It’s based on time and structural analysis, assuming XRP maintains its bullish setup over time.

However, a break below $2.20 would weaken the bullish case and open the door to a drop toward $1.80 or lower. If legal setbacks or market-wide corrections hit, XRP could fall to $1.25–$1.50. Traders should also be cautious of sudden pullbacks—even positive news can trigger short-term profit-taking.

Analysts have predicted that the peak of the current bull run could occur between April and May 2025, although some forecasts suggest a more extended timeline. Historical data supports the notion that significant price movements often follow regulatory developments or technological advancements. For XRP, the SEC report on June 16th could serve as a catalyst for such a movement.

One analyst has predicted a bullish breakout by mid-June 2025, with the potential for a final rally phase by September. According to his analysis, XRP has established a descending channel, and a breakout above $3.30 could mark the final phase of the current bull run, driving the price higher. However, it is important to note that these predictions are based on technical analysis and market sentiment, and actual price movements may vary.

In summary, XRP is at a critical juncture, with the upcoming SEC report on June 16th being a potential catalyst for a bull run. The digital asset is consolidating around the $2.20-$2.25 range, and a successful breakout above $3.00 could lead to much higher levels. However, bulls need to maintain support above $2.25 and push the price back to at least the $2.50 zone to seize the initiative. Analysts have predicted a bullish breakout by mid-June, with the potential for a final rally phase by September.