XRP remains in a technical bears market after falling 37% of its peak earlier this year. Its price is stuck at the same level where it was the year, with a lower Bitcoin yield, which has increased by 15% in 2025.
The price of Ripple (XRP) was quoted at $ 2,140 on Sunday, since their volume and open interest of the futures remained under pressure. This article highlights the four main reasons that you can jump by 50% and re -test the maximum of $ 3.4 of $ 3.4 in June.
- The stock exchange and values commission will decide on Franklin Templeton’s ETF XRP before June 17. The approval would probably help increase the XRP price for the expected tickets of Wall Street investors. JPMorgan analysts estimate that the Fund would attract $ 8 billion in funds in the first year. However, the probable scenario is that the sec delays the approach again, possible until October. Polymket merchants place the probabilities of approval before July 31 to 21%, and by the end of the year to 83%.
- Cryptographic merchants are setting a possible XRP price break in next week. The eight -hour financing rate has remained in the positive zone in recent weeks. A positive financing rate are essential data in perpetual future, which means that merchants anticipate that the price is higher.
- While we write a red here, there are signs that Bitcoin will make a bullish break. We cite the bullish forecasts of the upper analysts and the fact that the mango of the cup and handling pattern is forming. This pattern points to any Bitcoin increase to $ 143,000. A Bitcoin price break will probably push other cryptocurrencies, including XRP, higher.
- The final reason why the price of the wave can leave and increase to $ 3.4 is its strong technicians. See below.
XRP technicians
The accumulation and distribution indicators point to greater accumulation. This means that XRP can now be in the phase of accumulation of Wyckoff’s theory.
It will move to the marking, which has a greater demand than the supply.
The XRP price has remained slightly above the 200 -day mobile average. He has also formed a giant bullish flag pattern, which includes a vertical line and a triangle. A flag or leads to a strong bullish rupture.
XRP has also formed a reverse pattern of head and shoulders. As such, a break will see that resistance at $ 3,3842, almost 50% from the current level.
