The post Uphold Head Of Research Says XRP Is Ready For Breakout: 3 Key Reasons June Could Be Big appeared first on Coinpedia Fintech News
As Bitcoin (BTC) continues to break its ATH price, now the attention is shifting towards the altcoin, and that too on Ripple’s XRP, mainly. With XRP currently trading around $2.39, there are signs that something big could be coming.
According to Dr. Martin Hiesboeck, Head of Research at Uphold, if things go well, June might be a turning point for the token.
XRP ETF Approval Around the Corner
One of the biggest things fueling this optimism is the possibility of a spot XRP ETF finally getting approved. The U.S. SEC is expected to decide on Franklin Templeton’s application by June 17. If it gets a green light, this would be a huge step forward, bringing XRP closer to mainstream finance and making it easier for big investors to jump in.
Of course, not every ETF leads to a price boom, as seen with Ethereum last year. But given XRP’s unique legal journey and strong community backing, many believe this one could be different.
Fed Meeting Could Unlock Crypto Flows
Another key moment is coming with the U.S. Federal Reserve’s next meeting. If they decide to cut interest rates, investors may start looking for better returns in places like crypto. That could bring more attention and money into altcoins like XRP.
Meanwhile, lower rates mean cheaper money, and that usually drives up interest in altcoins like XRP.
Ripple’s Big Developer Event in Singapore
On top of all that, Ripple’s developer event, XRPL APEX, is set for June 10–12 in Singapore. These events often include major announcements, updates, or new partnerships. If Ripple reveals something big, it could boost confidence in XRP even more.
June Might Be a Turning Point
Dr. Hiesboeck isn’t the only one who thinks something big might be coming. Many analysts are watching XRP closely, and some believe June could be the month when it finally breaks out of its long-term range.