Can XRP ETF Hype Push Ripple’s Price To Breach $0.75 in June?
XRP has long been consolidating and is yet to experience bullish momentum. The token’s parent company, Ripple, is poised to forge new alliances across the globe, which will help XRP breach critical price markers. For now, the token’s only goal is to cross the $0.75 price threshold, after which it may embrace the bullish onset of the market. Analysts at Standard Chartered have predicted a new development for XRP enthusiasts to look forward to. Geoffrey Kendric, a notable analyst at SC, has shared how XRP and Solana ETFs could be next in line to receive approvals, bringing in monumental changes in the crypto vertical. For other coins (e.g., SOL, XRP), markets will also look ahead to their eventual ETF status, although this is likely a 2025 story, not a 2024 one.” Kendrick, head of forex and digital assets research at Standard Chartered Bank, told the Block.The development is currently being dubbed “huge” for the XRP token, which is struggling to gain traction from all possible fronts. The token has yet to experience a bullish onset of the market and has been trading within the $0.50–$0.54 range for weeks.
However, the XRP community is still betting big on XRP. Egrag Crypto, another notable cryptocurrency analyst, has shared how XRP is warming up to the current bullish wave and may trade at $0.75 sooner than expected.“#XRP Similar Pattern: Next Pump to $0.75! ✨🚀. #XRP is dipping below the 100 MA, consolidating, and then pumping above it. The next pump should start, close above the 100 MA, and hold it as support to confirm the break-out. 📈💪. This time, the close above the 100 MA will be significant. 🔥”
