XRP News Today: XRP Surges 10% Amid ETF Approval Hopes, Lawsuit Deadline

The crypto market is abuzz with speculation surrounding the potential approval of the XRP ETF by the SEC. This surge in expectations follows the approval of the NCISU index, which includes XRP alongside other altcoins. As a result, the price of XRP has seen a significant rise, reaching a high in June 2025 with nearly a 10% increase over the last four daily sessions and a 4% intraday gain. Experts are now targeting a minimum of $20 for XRP, contingent on key catalysts playing out favorably.

The long-running Ripple vs. SEC lawsuit has been a significant factor in suppressing XRP's price action. Despite several favorable rulings, the XRP price remains around $2. The final verdict in the lawsuit is expected soon, with a 60-day deadline ending on June 16. A favorable ruling could spark a fresh rally in XRP's price and attract new investments. Additionally, Franklin Templeton's spot XRP ETF application has an intermediate deadline of June 17, just after the final verdict. This date is crucial as the SEC is required to submit a status report on the progress towards resolving the case with Ripple. Both events are catalytic; if they end in XRP’s favor, reaching previous all-time highs would be achievable for the crypto, making June a key month to watch for future moves in XRP’s price action.

Analyst EGRAG has posted an analysis predicting that XRP could reach $20 or higher based on the Guardian Arch pattern. According to EGRAG, the Guardian Arch is critical for the upcoming rise, and past movements in the Guardian Arch have been respected. He highlighted that in January 2025, XRP met the Arch at the $3.4 price peak. Based on his analysis, EGRAG believes that XRP still has another uptrend left in the current bull run. By year-end, the measured move sets a target of $20 for when XRP breaches the Guardian Arch, with the possibility of a higher upsurge to $27. However, EGRAG urges caution, as the next phase could lead to a massive price plunge resembling the 2021 drop, resulting in an 86% decline. He advises periodic profit booking to investors.

In summary, the potential approval of the XRP ETF by the SEC, the outcome of the Ripple vs. SEC lawsuit, and the analysis by EGRAG all contribute to the growing optimism surrounding XRP's price. The final verdict in the lawsuit and the SEC's decision on Franklin Templeton's spot XRP ETF application are crucial events that could significantly impact XRP's price action. Additionally, EGRAG's analysis based on the Guardian Arch pattern suggests that XRP has the potential to reach $20 or higher, but investors should exercise caution and periodically book profits.