XRP is holding firm above the $2 mark, currently trading around $2.13, reflecting a staggering 300%+ gain since its pre-rally lows in November 2024. Yet, signs of consolidation are emerging. A bearish engulfing pattern near the $2.15 resistance and descending trendline suggests growing seller pressure. The 50-period EMA, also near $2.15, reinforces this level as a technical ceiling. Glassnode shows daily profit-taking of $68.8 million; early investors are taking profits. MACD is weakening and RSI is just below neutral, so sideways or pullback if buyers don’t step in soon. Key Technical Takeaways: Resistance: $2.15 (trendline + 50 EMA) Support: $2.086 and $2.035 Bearish candle pattern signals caution MACD momentum fading below signal line ETF Approvals Fuel Institutional Optimism; XRP Supported Despite short-term technical weakness, XRP’s long-term fundamentals are strengthening, thanks to institutional support and regulatory breakthroughs. Canadian firm 3iQ launched the XRPQ ETF on the Toronto Stock Exchange, providing exposure through a regulated product. Purpose Investments also launched its own XRP ETF. BREAKING: Purpose Investments Inc. has received a final prospectus receipt for its new product, the Purpose #XRP ETF! THE LAUNCH WILL BE ON JUNE 18 pic.twitter.com/HaO45JTwks — JackTheRippler © (@RippleXrpie) June 16, 2025 In the US, the SEC has opened a comment period for ETFs proposed by Franklin Templeton, including those related to XRP and Solana, to be listed on the Cboe BZX Exchange. This could open up the market to more investors and provide fuel for the next leg up for XRP. As regulatory clarity emerges, analysts expect ETF flows to replace hype with institutional buying. What Comes Next for XRP’s Price? While the rally from November lows has been nothing short of explosive, XRP now faces a crucial test. A clean breakout above $2.15 could invalidate the current bearish bias and set the stage for a push toward $2.34 and potentially $2.65. On the flip side, failure to hold support at $2.086 might trigger a deeper correction, testing psychological support near $2.00 or lower. XRP Price Chart – Source: Tradingview Trade Setup (Bearish Bias Unless Broken): Short Entry: $2.13–$2.14 on rejection Stop-Loss: Above $2.16 Targets: $2.086 and $2.035 The next move will depend on whether ETF momentum and regulatory clarity can offset growing profit realization. If those catalysts hold, XRP price prediction could rewrite its bullish script. For now, however, caution is warranted near resistance. Best Wallet ($BEST): Crypto Storage Meets Early Access Best Wallet is emerging as a leading crypto platform, combining advanced security with seamless access to early-stage tokens. Available on Google Play and the App Store, it supports over 1,000 cryptocurrencies and is the first wallet to integrate Fireblocks’ MPC-CMP security protocol. One of its standout features is the Upcoming Tokens page, allowing users to purchase presale tokens directly within the app—no wallet connections or external sites required. This secure, no-KYC experience makes Best Wallet ideal for both beginners and seasoned investors. The $BEST token powers the ecosystem, offering reduced transaction fees, higher staking yields, early project access, and governance rights. Users can also earn through in-app quests and airdrops. With over $13.45 million raised and the price now at $0.025205, the presale is gaining momentum. Secure your $BEST allocation before the next price jump, and gain early access to a wallet that’s redefining how crypto enthusiasts and investors interact with digital assets. The post XRP Price Analysis: Can Regulatory Wins Sustain the Rally Beyond 300%? appeared first on Cryptonews .
