Site icon Crypto News Focus

3 Key Catalysts That Could Impact XRP Price in June

XRP IMAGE

XRP has faced a short-term downtrend recently, sliding from over $2.60 in mid-May to about $2.30 by late May. Despite some brief recoveries, uncertainty and selling pressure have persisted. However, June 2025 could be pivotal for XRP, with several catalysts potentially influencing its price trajectory. Here’s a look at three main factors that market watchers are closely monitoring.

ALSO READ:Pi Network Nears $1 After Bulls Defend Critical $0.74 Level

Spot XRP ETF Decision and Market Sentiment

One of the most anticipated events is the U.S. Securities and Exchange Commission’s (SEC) expected decision on Franklin Templeton’s spot XRP Exchange-Traded Fund (ETF) application, set for June 17, 2025. Although a May approval was delayed, the SEC’s June review has sparked renewed interest.

Historical context shows that Bitcoin spot ETFs, approved in January 2024, boosted BTC prices significantly. However, similar optimism around Ethereum spot ETFs in mid-2024 did not translate into strong price moves immediately. Still, at least seven XRP ETF applications remain active, indicating ongoing institutional interest. The market sentiment suggests that an approval could come before the end of the year, which would be a positive signal for XRP.

ALSO READ:Bitcoin Hits New All-Time High Above $111,800 After Weak US Bond Auction

Macroeconomic Factors and Federal Reserve Meeting for XRP

June also brings the Federal Open Market Committee (FOMC) meeting scheduled for June 17-18, 2025. This event could lead to interest rate cuts if economic indicators show signs of weakening, especially amid trade tensions. Monetary easing typically benefits risk assets like altcoins, including XRP, by encouraging capital inflows.

This macroeconomic backdrop may add momentum to XRP’s price movements, aligning with the timing of the SEC’s ETF decision.

XRPL APEX Developer Summit

From June 10 to 12, Singapore hosts the annual XRPL APEX event—a developer summit where Ripple executives discuss key innovations such as AI integration, cross-chain interoperability, decentralized finance (DeFi), and real-world asset tokenization.

Past XRPL conferences have influenced market activity, and this year’s event could introduce updates that further impact XRP’s outlook. The gathering also signals Ripple’s ongoing commitment to expanding the XRP ecosystem, which is a positive narrative for investors.

Institutional Activity and Trading Metrics

Recent reports highlight XRP’s growing maturity and increasing institutional adoption. Following the SEC’s withdrawal of enforcement action against Ripple, XRP’s average daily spot volume has reached $152 million, with exchanges like Kraken, LMAX, and Bitstamp driving much of this activity.

XRP’s 24-hour turnover on major reference exchanges now rivals that of Ethereum and Bitcoin, standing at $226.8 million—24% of Ethereum’s and 11% of Bitcoin’s volume. Additionally, regulated derivative products from CME Group, BitMEX, and BitFlyer have enhanced XRP’s market accessibility.

While these June catalysts are speculative and don’t guarantee a price surge, their convergence creates a potentially favorable environment for XRP. Given XRP’s history of rapid price shifts—such as its jump from $0.50 on Election Day 2024 to $3.39 within two months—investors should watch June closely for developments that may influence this dynamic asset.

DISCLAIMER:
The views and opinions expressed herein are solely those of the author  and do not necessarily reflect the views of the publisher. The publisher does not endorse or guarantee the accuracy of any information presented in this article. Readers are encouraged to conduct further research and consult additional sources before making any decisions based on the content provided.

Exit mobile version