Ripple’s XRP price has failed to display positive price action this month in spite of increased optimism for this project in the market. With this, it has plunged below its important support of $2.25 and is on the course of retesting its $2 mark.
Following this, investors are concerned about the future price action of XRP. Moreover, with a potential Altcoin Season around the corner, investors are wondering if this is the right time to invest in XRP token? Let’s understand the latest updates, on-chain sentiments, and possible XRP price prediction for June 2025.
Latest Updates on Ripple’s XRP
As of now, nine spot XRP ETF applications have been filed. The Securities and Exchange Commission (SEC) is currently reviewing these filings. Investors are highly optimistic on the approval of XRP ETFs. Analysts like Dark Defender have even offered targets as high as $5.85 after the ETFs are approved.
Multiple institutions and whales are now considering a XRP Treasury for their crypto reserve plan. Two companies that are Webus International Limited and VivoPower are on the path of investing $300 million and $121 million respectively in this digital asset.
XRP’s On-Chain Sentiments
As of today, the XRP Futures Open Interest has dropped to $4.11 billion compared to $4.55 billion that was recorded yesterday. However, when evaluating month-on-month (MoM), it has increased from $3.72 billion, a change of 10.48%. This trend action highlights an increased buying interest and market participation. Further, it highlights a strengthening trend in the market.
The Number of Active Addresses on the XRP chain witnessed a variation between 17,000 to 24,000 during the entire month. However, over the past 24 hours, the active addresses have dropped to 6.9k from 21.87k yesterday. This marks a drop of 68.44%, the highest single day drop this year.
XRP Price Analysis for June 2025
After trading within an ascending channel pattern for about 2 months, the XRP coin price has lost momentum, resulting in it breaking down the pattern in the daily time frame. However, with a listing price of $2.1723 and a market capitalization of $128.08 billion, it has a crypto dominance of 3.89% as of today.
Technical indicators, Moving Average Convergence Divergence (MACD) and the Simple Moving Average (SMA) display a stronger bearish trend in the XRP price chart. The SMA indicator acts as a resistance to the price chart, while a bearish divergence in the MACD suggests a weak buying pressure for the altcoin in the market.
In case of a bullish reversal, the XRP price would immediately regain momentum and retest its resistance of $2.50 within a short period. If the crypto market does not break at this point, this could result in this altcoin rising toward its awaited target price of $3. Meanwhile, the optimistic targets are set at $7, however, it seems difficult to be achieved in the short-term.
On the downside, a sustained bearish action could result in the price of XRP token dropping toward its pivotal support zone of $2.00. However, chances of such an event occurring is relatively lower as the market sentiment is turning bullish.
Also Read: Meta Says No to Bitcoin Treasury, Is Ripple’s XRP on Cards?
