June 6, 2025 - XRP has rebounded, recovering losses and trading around $2.26, up 9.7% from its low of $2.06.
Analysts are optimistic, predicting potential double-digit gains for the altcoin, fueled by increased expectations of a spot XRP ETF approval in 2025. According to Polymarket data, the probability of the US Securities and Exchange Commission approving a spot XRP ETF in 2025 reached 98% on June 3.
Multiple applications for spot XRP ETFs from major firms like Bitwise, Grayscale, Franklin Templeton, and 21Shares have increased pressure on the SEC. The CME Group launched XRP futures ETFs on May 19, 2024, with a first-day trading volume of $19 million, showcasing market maturity and institutional interest.
Three companies plan to invest over $471 million in XRP treasuries. Webus International's filing with the SEC for a $300 million XRP strategic reserve further highlights corporate adoption. The SEC dropped its lawsuit against Ripple in March, which has also boosted market sentiment.
Polymarket's approval odds rose from 68% in April to 98% in early June, driven by the success of the CME futures market and corporate strategies. Approval of these funds could unlock institutional capital, potentially driving prices higher.
XRP has been trading below $3.00 since February 1, but analysts predict a significant recovery, with targets of $25 and above. Analyst Egrag Crypto suggests XRP could reach double digits in 2025, potentially hitting $20 or even $27 based on his analysis.
Jaydee_757's analysis compares the current technical setup to the 2017 bullish divergence, which led to a 20x increase in XRP's price. If history repeats, XRP could rally towards $25 and beyond, representing an over 1,000% increase from current levels.
Jaydee_757 also suggests that this rally could be followed by a 90% price crash during the bear market, potentially setting a top for XRP's bull cycle in 2025. These analyses align with previous predictions of XRP reaching $27 based on chart fractals, Eliot wave analysis, and Fibonacci extensions.