{"content":"🚀 XRP Update – June 2025: Why XRP Might Be Gearing Up for a Major Move XRP is gaining momentum again in June 2025, thanks to a mix of legal clarity, institutional interest, and positive technical indicators. 🔹 Price Action: XRP is currently trading around $2.19, rebounding from a recent 9% drop. The recovery is fueled by growing optimism about a potential XRP Spot ETF approval. ⚖️ Regulatory Win: Ripple Labs has officially settled with the SEC, agreeing to pay a reduced fine of $50 million. This marks the end of a multi-year legal battle over whether XRP is a security. 🏦 Institutional Support: • Ripple has accumulated $421M worth of XRP in its treasury. • Chinese company Webus filed with the SEC to establish a $300M XRP strategic reserve, highlighting growing global interest. 📊 Technical Outlook: • XRP is forming a bullish double-bottom pattern, with strong support at $2.07 and resistance at $2.30. • A breakout could push XRP toward $2.65–$3.00, with some analysts projecting a long-term target of $27. 🔥 Supply Dynamics: XRP supply on exchanges is dropping fast due to accumulation and token burns — signaling a possible supply shock. 📅 What to Watch: A key SEC roundtable on June 9 could bring fresh updates on crypto regulation and ETF approvals — potentially another catalyst for XRP. — 🧠 TL;DR: With legal issues behind it, big players jumping in, and strong bullish patterns forming, XRP could be setting up for its next major rally.$XRP #Xrp🔥🔥 ","images":["https://d2kdcqywr8ua22.cloudfront.net/uploadfile/article/blog/2025062025/06/07/ab92290b649a4074abf074c335be7069.png"],"tags":[],"tradingPairs":["XRP/USDT"],"quotearticleid":0}