The US is currently preparing for summer. The community was sure the cryptocurrency market would enter the summer with a bullish memo, but some assets fell apart. Many cryptocurrencies followed, just as Bitcoin (BTC) fell below $110,000. Ripple’s XRP was one of them. Altcoin was a top performer throughout the year. The fourth largest cryptocurrency has seen a massive increase of nearly 350% over the past year. However, the property is now in a cave. The XRP community remains confused and hopes for a bullish increase this summer, rather than continuing its current trend.
How about XRP today?
After surpassing 3.35% for seven days, assets rose to $2.47 early today. However, this uptrend has been hit with hurdles. XRP crashed. Over the past 24 hours, Altcoin has recorded a downfall of 3.38%. At the time of writing, XRP was trading at $2.34.
The community wants to receive positive news, but the Securities and Exchange Commission (SEC) has delayed review of XRP ETF filings from two prominent companies, Bitwise and Coinshare. This can seriously affect Altcoin prices. However, potential approvals could potentially earn the asset’s highest ever price. At present, assets are 38% below their peak at $3.84.
Price forecast for summer 2025
The XRP market could stagnate this summer. According to Concodex data, Altcoin will see little change in price over the next few months. The company has announced that the assets will trade for $2.56 in June. The first month of summer will be late, but we will follow the same trend in the coming months. In July and August, XRP trades for up to $2.59 and $2.60 respectively.
