Ah, Ripple! The valiant warrior in the endless legal battlefield against the mighty U.S. Securities and Exchange Commission! With a $50 million settlement looming like a mirage in the desert, the headlines are buzzing. Firms are scrambling to gather funds to hoard XRP as if it were the last loaf of bread in a famine. But wait! Is this a noble quest or merely a “pump and dump” scheme to ensnare the unsuspecting traders? The experts are scratching their heads, pondering if XRP will soar to new heights in 2025 or crash like a poorly made soufflé. 🥴
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XRP price forecast
Behold the XRP weekly price chart! A tapestry woven with threads of uncertainty. The long-term outlook for the native token of the XRPLedger is as mixed as a fruit salad at a picnic. Technical indicators hint at further consolidation, while the winds of bullish developments swirl around Ripple, igniting a flicker of hope among traders. Will the XRPLedger and its stablecoin be the catalysts that propel prices to the heavens? 🌈
The RSI stands at a neutral 50, while the MACD is flashing red like a warning sign at a carnival. The altcoin faces resistance at a local peak of $2.6549, and it might just test the waters at the $2 support—a psychological level that could make or break the hearts of XRP enthusiasts. 💔
Should XRP break free from its chains of consolidation, a 25% rally could be on the horizon, testing the resistance at $2.6549. But alas, the daily price chart reveals a short-term downward trend, with the RSI at a dismal 40. The MACD, once a beacon of hope, now shows its first red histogram bar after a week of green. What a rollercoaster! 🎢
To reach the coveted $7 target, XRP must embark on a daring adventure into price discovery, climbing the treacherous 272.2% Fibonacci retracement from the $0.3823 low to the $3.40 peak. Can it maintain an upward trend amidst the chaos of altcoin volatility and Bitcoin‘s dramatic flash crashes? Only time will tell! ⏳
XRP derivatives analysis
In the realm of derivatives, the data from Coinglass reveals a decline in Open Interest (OI)—the total value of all open contracts in XRP across exchanges. Yet, like a phoenix rising from the ashes, there has been a massive surge in derivatives trade volume and options volume in the last 24 hours. 📈
The long/short ratio exceeds 2 on Binance and OKX, indicating that traders are betting on a rally in XRP. However, over $20 million in long positions have been liquidated, while a mere $2 million in shorts met the same fate. It seems the market is playing a cruel game, punishing the bulls while the bears dance in delight. 🐻
Ripple makes progress in SEC lawsuit, other catalysts
In a twist of fate, a recent filing in the SEC v. Ripple lawsuit reveals that both parties have agreed to a $50 million settlement. Could this be the end of a long and arduous legal saga? It might just bolster the bullish thesis for XRPLedger and XRP adoption! 🎉
🚨NEW: The @SECGov and @Ripple have jointly requested a Manhattan District court to dissolve the injunction in their ongoing case and release the $125 million civil penalty held in escrow.
They’re proposing that $50 million be paid to the SEC, with the remaining funds returned…
— Eleanor Terrett (@EleanorTerrett) June 12, 2025
Two other catalysts are stirring the pot: Trump-appointed CFTC Chair Chris Giancarlo’s grand idea of issuing government bonds for crypto assets like Bitcoin and XRP. He believes it’s a likely scenario, sharing his insights at the XRPL Apex 2025 event in Singapore. The Trump administration is buzzing with ideas about the U.S. government’s acquisition and custody of cryptocurrencies, and bonds backed by crypto are on the table. 💰
The final catalyst? A bank charter that could allow payment remittance firms like Ripple to obtain banking licenses. At an XRP Las Vegas conference, Greg Kidd, co-founder of Haka Yaka Ventures, revealed he’s working on a bank charter that could pave the way for firms like Ripple. The future is looking bright, or is it? 🌞
What to expect from Ripple in 2025
Developers at the XRPLedger, led by Ripple CTO David Schwartz, have announced plans to launch an Ethereum Virtual Machine (EVM) sidechain in Q2 2025. This sidechain will allow Ethereum smart contracts to join the XRPLedger ecosystem, integrating the low-cost transaction capabilities of XRP with the DeFi app ecosystem. What a match made in crypto heaven! 💖
The chain is currently undergoing testing, with further validator partnerships expected to mark Q2 2025. A bridge will connect the sidechain to XRP’s native blockchain, and a version of the altcoin, wrapped in XRP, will serve as the native gas token for the EVM sidechain. The news of this technical development could be the key driver of utility and adoption for the Ledger and XRP. Meanwhile, Ripple continues to strengthen its ecosystem through stablecoin partnerships. 🌍
Err on the side of caution, Matthew Sigel warns XRP traders
Despite the bullish developments and the spotlight on firms planning to buy and hold XRP as a treasury asset, VanEck’s Head of Digital Assets, Matthew Sigel, remains skeptical. He warns that the low-cap Nasdaq companies claiming they’ll buy hundreds of millions of dollars worth of altcoins like XRP might be engaging in “pump and dump” schemes. These schemes inflate prices, leaving retail traders to face the music with large-scale losses. 🎭
According to Sigel, announcements like VivoPower’s and Webus’s $300 million XRP reserve plan could be mere temporary catalysts. Whether these low-market-cap firms will actually raise the funds and purchase the tokens remains a mystery. The crypto world is indeed a stage, and we are all but players! 🎬
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2025-06-15 22:34