Ripple Update: Three Important Elements That May Propel XRP Prices Upward in June

XRP is exhibiting weak momentum in the short term, as traders are cautious despite some temporary optimism during the day and strong trading volumes. Key events in June, such as ETF announcements and FOMC meetings, could potentially alter XRP’s trajectory. The price of XRP dropped from above $23.20 on May 22 to around $20.50 by May 3, indicating a trend of recent selling pressure. Although intraday increases provided a brief boost to sentiment, the outlook for the near future suggested evident weakness. Investors are adopting a cautious stance, observing wider indicators while market fluctuations continue. Source: TradingView. According to The Motley Fool, a shift could occur in June, highlighting multiple events that are expected to influence XRP. The potential approval of a spot XRP Exchange-Traded Fund is likely to be the most significant catalyst. Franklin Templeton’s application for an ETF is still under review by the SEC, with a final decision expected on June 23, 2025. Comparisons to Bitcoin are commonly drawn in this context. Prices surged following the approval of Bitcoin ETFs in January 2025, but did not experience a similar boost with the Ethereum ETF launch in July 2024. The outcome of XRP’s case is still unclear, as there are seven ongoing filings awaiting resolution.