- XRP is riding Bitcoin’s recovery wave, gaining 2.2% on the week but still down 4.4% over the month.
- BlackRock’s recent $457M BTC buy has helped boost overall crypto sentiment, possibly lifting XRP too.
- AI forecasts a small short-term XRP dip to $2.26 before rallying to $2.70 by August, especially if ETF news breaks.
The crypto market’s starting to shake off the slump it’s been dragging around. Bitcoin just clawed its way back up past $109K after dipping down to that $100K mark earlier this month—pretty wild ride. Now the global market cap’s sitting at $3.58 trillion, and yeah, Ripple’s XRP is tagging along for the rebound. It’s up about 0.5% on the day, 2.2% on the week, and if you zoom out to June 2024? A massive 371.3% surge. Still, zooming in a bit shows it’s dipped 0.6% in the past two weeks and is down 4.4% for the month.
Big picture? Crypto’s stabilizing… kind of. That said, XRP seems to be moving with the tide.
Institutional Money Might Be Driving the Party
Some of this renewed energy could be thanks to less market chaos lately. Institutions are sniffing around again—BlackRock dropped a whopping $457.6 million on BTC across just two days (June 9 and 10). That sort of big-money confidence tends to ripple (pun intended) across the rest of the market, and XRP might be feeling some of that heat.
And let’s not ignore the ETF chatter. Rumor has it XRP might finally get a spot ETF this year. With Paul Atkins—the SEC’s new pro-crypto chair—calling some of the shots now, the chances look way better than they did just a few months ago. More crypto ETFs could be coming too, which would definitely shake things up.
AI Sees a Small Dip Before XRP Picks Up Again
Now, AI’s got something to say about XRP too. According to CoinCodex’s forecast, XRP might cool off just a bit before it heats up again. It’s predicting the token will slip to around $2.26 by June 15—roughly a 1.74% dip. Nothing dramatic, but still worth watching.
Interestingly, that same forecast expects XRP to build momentum after the dip and push toward $2.70 by the end of August. If an ETF lands somewhere in the mix? That could light a real fire under it.
Eyes on Institutional Flows Moving Forward
Looking ahead, a lot of XRP’s future could hinge on whether that ETF materializes and how much institutional money shows up. We’ve seen before how deep-pocketed players can flip the entire market trend. If Ripple attracts that kind of capital, especially with less regulatory friction, things could escalate pretty fast.
