XRP’s price has settled around $2 after a nearly 600% surge following the 2024 election. However, several factors suggest that XRP could be on the verge of another major breakout by June 2025. One key catalyst is the potential approval of a spot XRP ETF.
The SEC is expected to make a decision on June 17 regarding an application from Franklin Templeton. If approved, this could lead to mainstream adoption of XRP, similar to the price increase Bitcoin experienced after ETF approval in January 2024. Another significant factor is the Federal Open Market Committee meeting on June 17-18.
If the U.S. economy shows signs of stalling, interest rate cuts could be favorable for cryptocurrencies like XRP, as they typically lead to an influx of cheap capital into the crypto sector.
XRP catalysts to watch in June
The annual APEX event for the XRP community, scheduled for June 10-12 in Singapore, is also crucial.
Ripple, the company behind XRP, has teased sessions on AI, cross-chain interoperability, decentralized finance, and real-world asset tokenization. Any major announcements could drive XRP prices higher. While these catalysts are speculative and there is no guarantee of a significant price boost, the convergence of these factors in June 2025 presents a compelling case for a potential breakout.
Past performance has shown XRP’s ability to go parabolic, such as when it surged from $0.50 on Election Day to $3.39 in just over two months. The outlook for XRP seems increasingly bullish, but much depends on the macroeconomic environment. Investors should keep an eye on these developments in June 2025, hopeful for the best but prepared for any outcome.
