Ripple on June 9, 2025: Is XRP Poised to Surge to $3?

XRP traded at $2.26 on June 9, 2025. Will institutional growth and legal clarity drive a bullish trend?

On June 9, 2025, XRP traded at approximately $2.26, reflecting a 0.78% decline over the past 24 hours. This volatility follows a significant rally earlier in 2025, which saw XRP reach a multiyear high of $3.31 in January. Analysts suggest XRP is currently in a consolidation phase, but several factors could drive a renewed upward trend. Technical analysis indicates XRP is trading within an ascending channel on the daily timeframe but recently tested key support at $2.27. The Relative Strength Index (RSI) stands at around 45, signaling neutral market conditions. A breakout above $2.62 resistance could propel XRP toward $3. Failing that, it may retreat to the $2.1-$2.15 support zone. A major factor influencing XRP is Ripple’s legal clarity. In March 2025, the U.S. Securities and Exchange Commission (SEC) dropped its appeal against Ripple, reducing a fine from $125 million to $50 million. This resolution boosted investor confidence and opened doors for new financial products, such as XRP ETFs. Additionally, the launch of XRP futures by the Chicago Mercantile Exchange (CME) on May 19, 2025, reflects growing Wall Street interest. Ripple’s network activity is also significant. On-chain transaction volume reached nearly 400 million transactions in the week ending June 9, highlighting RippleNet’s widespread use for cross-border payments. New partnerships, such as Ripple’s collaboration with Web3 Salon in Japan to fund XRP-based startups, could further boost demand. Macroeconomic factors play a role as well. U.S.-China trade talks on June 9 could enhance global liquidity, supporting risk-on assets like XRP. However, Federal Reserve interest rate decisions remain a potential risk for the crypto market. In the long term, analysts are optimistic about XRP. Forecasts suggest that with continued RippleNet adoption and legal clarity, XRP could reach $5 to $8 by the end of 2025. Investors should monitor short-term volatility and key support and resistance levels. Overall, XRP’s strong institutional and technical backing makes it an attractive asset, but it requires careful analysis and risk management.