Ripple's XRP token is back in the limelight. Down 5% in the last month, it gained around 3% in a day to around $2.22 with a market capitalization of $131.69 billion and $2.92 billion 24-hour trade.

Source: CoinMarketCap

This latest XRP price surge has drawn eyebrows throughout the crypto community, particularly against the backdrop of good news around the merger of the Ripple SEC lawsuit, improved chances of ETF approval, and new Japanese partnerships.

On June 2, Nasdaq filed a rule change with the SEC to allow the Hashdex Nasdaq Crypto Index US Exchange Traded Funds to shift to a broader index that includes XRP, ADA, SOL, XLM, and others. If this is approved by November 2, 2025, the ETF can invest in all nine altcoins, including the altcoin. This raised expectations in the ETF news space.

On June 17, a major deadline is set in the Ripple SEC lawsuit. The SEC may request a settlement ruling, and if the judge gives a favorable response, it could help Ripple end its long-running legal fight. A clean outcome could bring more clarity for institutional investors, which helps the crypto.

According to crypto prediction platform Polymarket, chances of an Exchange Traded Funds approval in 2025 have shot up from 75% to 98% in just a month. This rising confidence is drawing more investor interest.

Source: Polymarket

Ripple joined hands with Web3 Salon (backed by JETRO and Asia Web3 Alliance) to support XRPL projects in Japan. They’ll offer up to $200K per project and hold four events through 2026. The altcoin adoption is already gaining momentum in Japan, and 80% of Japanese banks are supposed to use the coin by 2025.

XRP Price Prediction: What's Next for Ripple?

Priced at $2.22, it is firmly above its important $2.00 support. The RSI is neutral at 48.55, while weak bearish momentum is reflected in the MACD. This indicates that the price can either way be reliant on future news.

Source: TradingView

 remains above $2.00, and RSI crosses over 50, and price may rebound to $2.50 and retest $2.80 in the near term.

If it falls below $2.00, it may decline to $1.80 or $1.60 based on decreasing trading volumes.

Markets participants must monitor closely $2.00 support, RSI and MACD crossover levels, and court updates for further action.

Conclusion

The current altcoin rally is fueled by solid rumor of ETF approval, hope in the SEC-Ripple lawsuit, and increased adoption in partnerships like in Japan. The short-term price action is up to the legal verdict and the Exchange Traded Funds announcement, but XRP is most certainly back in the limelight. Now everyone is focusing on the June 16 court hearing and the June 17 deadline. Keep an eye on key indicators—XRP's next great shift can occur at any moment. 

Disclaimer: This article is for information purposes only. Investors are recommended to conduct their own research before investing.

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