XRP News Today: XRP Surges 10% to $2.26 on Spot ETF Approval Hopes

XRP, the cryptocurrency associated with Ripple, has seen a significant recovery, rising to approximately $2.26 after losing ground between June 4 and June 6. This resurgence is fueled by growing optimism surrounding the potential approval of a spot XRP exchange-traded fund (ETF) in 2025. Analysts predict that XRP could surge to between $20 and $27 by the end of 2025, driven by increasing institutional interest and regulatory clarity.

The likelihood of the US Securities and Exchange Commission (SEC) approving a spot XRP ETF has surged to 98%, according to data from Polymarket. This heightened probability is attributed to multiple spot XRP ETF applications from major players such as Bitwise, Grayscale, Franklin Templeton, and 21Shares, which have intensified pressure on the SEC. The launch of XRP futures ETFs by the CME Group on May 19, 2025, with substantial first-day trading volume, further demonstrates market maturity and institutional interest, addressing SEC concerns about regulated derivatives markets.

Corporate strategies and investments have also bolstered market sentiment. Three companies across different sectors have unveiled plans to invest over $471 million in XRP treasuries, including Webus International’s $300 million XRP strategic reserve filing with the SEC. These developments, coupled with Ripple’s legal clarity after the SEC dropped its lawsuit in March, have driven Polymarket’s approval odds from 68% in April to as high as 98% in early June, reflecting expectations for approvals by Dec. 31.

Approval of these funds could unlock institutional capital, amplifying demand for XRP and potentially driving prices higher. Some analysts predict that XRP could reach $50 if major players like BlackRock step in. However, analysts also caution that a significant rally could be followed by a substantial price correction. According to popular market analyst Egrag Crypto, XRP’s price could rally to $20, potentially topping out at $27 based on past price patterns and timelines. This analysis uses the relative positions of the 21-week exponential moving average and the 33-week simple moving average as key indicators to identify potential turning points.

The analysis also considers the formation of a bull flag in the monthly time frame, which suggests a continuation of the uptrend toward $20, followed by a possible 86% drop to $3.00 during the bear market. Fellow analyst Jaydee_757 echoes this sentiment, stating that XRP’s current technical setup is similar to the 2017 hidden bullish divergence in the weekly time frame. If the 2017 scenario is repeated, a playout of the bullish divergence could see the price rally toward $25 and beyond, representing an over 1,000% increase from current levels. Jaydee_757 also suggests that this massive rally could be followed by a 90% price crash during the bear market, indicating that $25 could mark the top for XRP’s bull cycle in 2025.

These analyses align with previous predictions of XRP reaching $27 based on chart fractals, Elliot wave analysis, and Fibonacci extensions. However, it is important to note that these predictions are based on technical analysis and market sentiment, and actual outcomes may vary. Investors should conduct their own research and consider the risks involved before making any investment decisions.