{"content":"IF YOU HOLD XRP READ THIS! Hey there, XRP holder! Let's dive into the latest updates. Current Market Situation XRP is currently trading at $2.19, with a 1.36% increase in the last 24 hours. The market cap stands at $128.64 billion. If we look at the broader market, XRP has been performing relatively well, with a recent rebound above $2.16 after a 9% drop . Ripple vs. SEC Update The ongoing lawsuit between Ripple and the SEC is a major factor influencing XRP's price. The SEC's next round table on crypto regulation, scheduled for June 9, might provide insights into the settlement and XRP-spot ETF approval prospects. A settlement could significantly impact XRP's price, potentially driving it toward $2.65 or even $3 if the $2.20 mark is broken . Technical Analysis From a technical standpoint, XRP offers multiple buy signals targeting $2.50. The token's price holds above the 200-day Exponential Moving Average (EMA) at $2.08, and the Relative Strength Index (RSI) remains neutral, moving toward the 50 midline. However, multiple technical sell signals indicate that XRP is not out of the woods yet . Potential Price Movement Based on current trends and market sentiment, XRP's price could: Breakout Scenario: Reach $2.50 and potentially $3 if the $2.20 mark is broken and the broader market sentiment remains positive. Bearish Scenario: Drop below $2 and the 200-day EMA, exposing XRP to the $1.9299 support level if the market sentiment turns negative . Keep an eye on key developments, including the SEC's round table discussion, court filings, and ETF-related news, as these factors will continue to drive sentiment across XRP and the broader crypto market.#MarketPullback #TrumpVsMusk #xrp $XRP ","images":["https://d2kdcqywr8ua22.cloudfront.net/uploadfile/article/blog/2025062025/06/07/03f0eb18485348a98681097eb3701a8f.jpg"],"tags":[],"tradingPairs":["XRP/USDT"],"quotearticleid":0}