Surprise is a key element in the cryptocurrency industry. This vertical has a reputation for catapulting coins based on preconceived notions, hypes, and other factors that can help them regain their former glory. In recent months, Ethereum ETFs have gained approval. The echoes from XRP-based ETFs can be heard in the air. This is urging Ripple’s price to rise significantly in the near future.
XRP’s bullish movement has yet to take off. It is consolidating for a long time. Ripple is set to form alliances around the world, helping XRP break critical price barriers. The token has only one goal for now: to surpass the $0.75 threshold. After that, it will likely embrace the bullish market.
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Rumors of XRP ETF gaining strength post-Standard Chartered predictions
Standard Chartered’s analysts predict a big change for XRP users. Geoffrey Kendric is a prominent analyst from SC who has discussed how XRP ETFs and Solana could work together. next In line to be approved, this will bring about monumental changes for the crypto sector.
“For other coins like SOL or XRP (e.g. XRP), the markets will look forward to their ETF status. However, this is a story that likely won’t be told until 2025 and not 2024.” Kendrick is the head of research for forex and digital assets at Standard Chartered Bank. He told The Block
This development has been dubbed “huge” XRP is still struggling to get traction on every front. The token has yet to experience a bullish onset of the market and has been trading within the $0.50–$0.54 range for weeks.
The XRP community still bets big on XRP. Egrag Crypto has also shared that XRP could trade for $0.75 in a few months.
“#XRP Similar Pattern: Next Pump to $0.75! ✨🚀. #XRP is dipping below the 100 MA, consolidating, and then pumping above it. The next pump should start, close above the 100 MA, and hold it as support to confirm the break-out. 📈💪. This time, the close above the 100 MA will be significant. 🔥”
The XRP price forecast for June
As a result of the XRP ETF, the price for XRP is likely to change in June. The price of XRP may change significantly in June. CoinCodexThe price of the coin may rise by a good 20% to $0.64 on June 25.
“The price of XRP is predicted to rise by 20.67% and reach $0.64088 by June 25, 2024. Per our technical indicators, the current sentiment is bearish, while the Fear & Greed Index is showing 75 (greed). XRP recorded 16/30 (53%) green days with 2.20% price volatility over the last 30 days. “
Platform predicts a token price of $0.60 per token by the end of June.
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“The XRP price forecast for the next 30 days is a projection based on the positive and negative trend. XRP will be changing hands at $0.618708 on June 2, 2024, gaining 16.50% in the process.”
Ripple’s XRP can reach new highs quickly if the SEC-Ripple lawsuit is resolved.
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Source: watcher.guru