As June approaches, XRP is gaining momentum amid anticipation surrounding the U.S. Securities and Exchange Commission's (SEC) upcoming crypto roundtable. Despite recent volatility, top analysts predict a potential surge that could redefine Ripple's market trajectory.
Key Analyst Bullish on XRP’s Growth Potential
Crypto trader DonAlt highlights XRP’s chart as one of the most compelling among altcoins, suggesting its 20% April–May gain may precede a larger breakout.
👉 Why experts believe XRP could surge beyond $2.75
- Critical Resistance: A breakout above $2.75 could trigger rapid price acceleration.
- Historical Accuracy: DonAlt accurately predicted XRP’s late-2024 performance.
"Current gains are peanuts compared to what’s possible if XRP clears key resistance levels." — DonAlt
Technical Challenges and Opportunities
Short-Term Bearish Signals
- Support Breakdown: XRP recently fell below $2.30–$2.34, testing lower supports at $2.15 and $1.79.
- Indicators: Trading below 50/100/200 EMAs with RSI under 50 suggests ongoing bearish pressure.
Bullish Patterns Emerging
- Inverse Head & Shoulders: A breakout above $2.62 could confirm this bullish reversal pattern.
- Triangle Formation: A symmetrical triangle on the daily chart hints at consolidation before a potential upward move.
SEC Roundtable: A Catalyst for Clarity
The June 9 SEC roundtable, "DeFi and the American Spirit," may address regulatory uncertainties impacting XRP. Key speakers include:
| Speaker | Affiliation | Focus Area |
|------------------------|--------------------|--------------------------|
| Rebecca Rettig | Jito Labs | DeFi regulation |
| Peter Van Valkenburgh | Coin Center | Crypto policy |
Why It Matters: Clarity on Ripple’s legal standing or SEC settlement hints could boost investor confidence.
Market Sentiment and Derivatives Data
- Open Interest: Down 4.6% to $4.67B, but trading volume spiked 50% ($4.45B), indicating heightened volatility.
- Liquidations: $8.5M longs vs. $713K shorts reflects short-term seller dominance.
👉 Institutional whales are quietly accumulating XRP—a sign of underlying confidence.
FAQ: XRP’s June Outlook
Q: What’s the most bullish XRP price target for June?
A: DonAlt’s analysis suggests $2.75 as a breakout point, with potential for higher gains if market momentum aligns.
Q: How could the SEC roundtable impact XRP?
A: Progressive regulatory discussions may ease legal overhangs, strengthening Ripple’s market position.
Q: Is now a good time to invest in XRP?
A: While technicals show short-term risks, long-term holders view dips as accumulation opportunities ahead of June’s events.
Conclusion: A Pivotal Month for XRP
XRP’s path hinges on technical breakouts and regulatory developments. Analysts remain cautiously optimistic, with the SEC roundtable and institutional interest serving as potential catalysts. A decisive move above $2.75 could validate bullish forecasts, while failure to hold $2.15 may extend consolidation.
For strategic crypto insights, follow expert analyses and market trends.