XRP is currently trading around $2.26, showing minimal daily price movement amid technical consolidation. Key support holds near $2.20 while resistance persists at $2.30, with indicators suggesting potential for a breakout pending regulatory catalysts.
Market participants await a critical June 16 deadline requiring the SEC to submit a settlement progress update in its ongoing case against Ripple. This regulatory milestone could significantly impact XRP’s classification outlook and market sentiment.
Trading activity reflects cautious positioning, with spot volumes down 4.1% while derivatives activity increased 9.6%, indicating heightened hedging ahead of the court filing. Volatility expectations remain elevated as traders position for regulatory clarity.
According to Polymarket prediction data, XRP faces an 86% probability of ETF approval by end-2025, with a 26% chance by July 31. These projections remain contingent on favorable regulatory outcomes from ongoing litigation.
Technical analysis identifies a decisive $2.30 resistance threshold. A confirmed breakout could initiate a rally toward $2.50, though market direction ultimately hinges on the SEC’s court submission next week.