Ripple’s XRP Crosses $2.30 – Are We Back in Bull Territory?

Key Points

• The price of XRP right now is $2.30, showing a recent upward trend.
• It seems likely that crossing $2.30 could signal a potential bull market, but confirmation depends on breaking higher resistance levels.
• Expert predictions vary, with some suggesting prices could reach $5 to $15 by year-end, while others warn of possible corrections.
• The upcoming ETF approval decision on June 17, 2025, may significantly impact the price, adding uncertainty.

As of 01:07 AM IST on June 10, 2025, the price of XRP right now stands at $2.30, marking a notable crossing of the $2.30 threshold. This development has sparked discussions among investors and analysts about whether Ripple’s native cryptocurrency is entering a new bull market phase. XRP, known for its role in cross-border payments via the XRP Ledger, reached an all-time high of $3.40 in January 2025 but has since experienced consolidation, with prices ranging between $2.14 and $2.59 over the past month. The current price reflects a rebound from its May low, but it remains below its peak, leaving room for speculation on future trends. The movement of XRP price for last one year is shown in the below candle chart.

Defining Bull Territory for XRP

In financial markets, a bull market is characterized by sustained price increases and optimistic investor sentiment, often accompanied by breaking above key resistance levels. For XRP, entering bull territory would likely involve surpassing levels such as $2.50, $3.00, or its all-time high of $3.40. While crossing $2.30 is a positive development, it is still below these critical thresholds. Analysts suggest that sustained momentum above $2.50 could confirm a stronger bullish trend, potentially paving the way for XRP to test higher levels like $3.35, as identified in some technical patterns.

Technical Analysis and Market Dynamics

Technical analysis indicates potential for further upside basis the 24hrs volume and price trend shown below. Some analysts, for instance, Ali Martinez has identified a cup-and-handle pattern that could propel XRP to $3.35, suggesting a bullish continuation if the pattern holds. The recent price action, with XRP crossing $2.30, aligns with this optimism, as it shows a breakout above previous resistance. However, some indicators, like the Relative Strength Index (RSI) as shown in the chart below suggest a neutral market position, indicating indecision among traders.

Catalysts Driving Price Movement

Several factors could influence XRP’s price trajectory in the coming weeks:

• Potential ETF Approval: The most anticipated catalyst is the potential approval of a spot XRP ETF on June 17, 2025. Franklin Templeton’s application is expected to be decided by the SEC on this date. If approved, this could attract significant institutional investment, similar to the impact seen with Bitcoin ETFs, potentially driving the price higher. This is driving some analysts prediction on XRP to be $2.85 by June 2025.
• Ripple’s Expansion: Ripple continues to expand its global footprint, with recent developments including the launch of its RLUSD stablecoin in Dubai. Additionally, VivoPower’s $100 million investment in XRP and Webus International’s $300 million XRP-based plan enhance XRP’s utility and could drive demand.
• Regulatory Clarity: The pro-crypto stance of the current U.S. administration under President Trump has created a more favorable environment for cryptocurrencies. This is proved to be a positive impact on XRP’s market dynamics, especially with the resolution of Ripple’s SEC lawsuit.

Expert Predictions and Social Media Sentiment

Analysts and influencers have offered a range of predictions for XRP’s future price.

Notable forecasts include:

The average forecast from five reputable experts places XRP at $5.92 by the end of 2025, indicating significant upside potential from its current level. On social media platforms like X, enthusiasm is palpable, with users like DRAGON_XRP66 claims a conservative 2025 prediction of $5-$30, though such high figures are less credible given current market caps.

$XRP will dominate this year

That gives everyone a few days left to accumulate #XRP at the cheap price of $2-$2.30

Once we get to the second week of June 2025 we will experience the beginning of the biggest alt season anyone has ever seen

That’s when we see the next god… pic.twitter.com/mDCAYjBcv2

— XRP DRAGON🐉🔥 (@DRAGON_XRP66) June 4, 2025

Risks and Bearish Perspectives

Despite the optimism, there are risks to consider. There might be potential bearish scenarios, with downside targets as low as $1.25 or $1.06 if XRP fails to hold above key support levels as shown in the charts above. This bearish outlook is based on technical breakdowns and market exhaustion, though with the current price at $2.30, these levels are far below, and the overall sentiment appears to lean toward optimism.

Conclusion and Investor Guidance

The crossing of $2.30 by XRP is a promising sign, especially with the upcoming ETF decision on June 17, 2025. If approved, the ETF could bring a wave of institutional investment, potentially pushing XRP into new bull territory. Investors should closely monitor the price of XRP right now as it approaches key resistance levels like $2.50 and $3.00, as well as the ETF approval date, to gauge whether XRP is indeed back in bull territory. As the cryptocurrency market continues to evolve, keeping an eye on the price of XRP right now will be crucial for investors looking to capitalize on potential gains, while also being mindful of the risks highlighted by bearish forecasts.