June XRP Forecast: Can Ripple Soar Beyond the $10 Barrier?

The price of XRP has increased to $2.25 today, remaining positive even as the broader cryptocurrency market has dipped by 2.5% over the past day.

Though XRP is down 2.5% over the week, it has risen by 3% over the past month, and impressively, it boasts a 333% increase in value over the last year.

The rise in price today follows Ripple’s announcement that its RLUSD stablecoin has received regulatory approval in Dubai. Additionally, CEO Brad Garlinghouse has refuted claims that the company made an offer to purchase Circle back in April.

With the company experiencing growth and the long-anticipated resolution of its legal dispute with the SEC expected this year, the long-term outlook for XRP’s price appears very optimistic.

XRP Price Forecast for June: Will Ripple Surpass $10?

XRP’s chart reveals a captivating scenario: its two primary indicators—the 30-day average (orange) and the relative strength index (RSI, purple)—are sending mixed signals.

While the RSI is climbing again after dipping below 40 a week ago, suggesting a potential rebound, it had been low for much of February, March, and April.

Conversely, XRP’s 30-day average has been consistently over the 200-day average (blue) since early November, which might indicate an impending correction.

However, some could argue that Ripple’s unique situation makes it reasonable to overlook the 30-day average to an extent, as XRP had been undervalued for a prolonged period prior to November due to Ripple’s challenging legal situation with the SEC.

This allows XRP to maintain elevated levels for a while longer, as it still appears underpriced compared to Ripple’s business potential.

Recent developments have further bolstered Ripple, including the regulatory approval of its RLUSD stablecoin in Dubai, a growing hub for cryptocurrency and stablecoin utilization.

Once there is a final resolution between Ripple and the SEC later this year, it could lead to a substantial increase in XRP’s price.

The current tariff situation could also significantly affect XRP’s price in the coming days, especially with the Trump administration recently doubling tariffs on imported steel.

However, if the US can negotiate favorable agreements with its trading partners soon, the market may see an upswing.

In this context, analysts predict that XRP’s price could rise to $3 by the end of July, reach $4 by Q4, and hit $5 by the year’s close.

High-Risk, High-Reward: Why Presale Tokens Like SNORT Are Gaining Popularity

As XRP is a well-established cryptocurrency, it might not see the same dramatic spikes that smaller-cap tokens can achieve.

Consequently, traders looking for such rapid gains may consider diversifying into newer, smaller-cap coins, particularly those in presale phases.

These tokens often experience strong rallies upon their initial listings, especially if they attract attention and support during their presales.

One token that is currently gaining traction is Snorter (SNORT), a trading bot based on Solana and Ethereum.

Having launched its presale last week, Snorter has already raised over $400,000 and attracted more than 10,000 followers on its X account.

These developments are encouraging signs for Snorter’s potential growth, as investors are responding positively to the project’s plans for an advanced trading bot.

The Snorter trading bot will specialize in automated sniping, allowing users to purchase new tokens before they experience a significant price increase.

Additional features include copy trading, limit orders, atomic swaps, and protection against rug pulls, making Snorter one of the most comprehensive trading bots available.

The SNORT token itself has bullish prospects due to its necessity for accessing the Snorter bot’s features, which could lead to increased demand as the bot gains users.

Investors can participate in the presale on Snorter’s website, where SNORT is currently priced at $0.0941.

This price is set to increase tomorrow and will continue to rise until the conclusion of the presale, so those interested are encouraged to act quickly.

The post XRP Price Prediction for June: Will Ripple Finally Break Past $10? appeared first on Cryptonews.