The XRP price has seen a sharp rise in the last few days and has reached the $0.50 mark again. After this bull run, however, we recently saw a slight decline again. Nevertheless, the trend for Ripple (XRP) in the second quarter is very positive. But what is the Ripple (XRP) forecast for next June?
In this article we look at what the Ripple (XRP) forecast looks like for the coming weeks and whether the XRP price can rise to $1 or crash to $0.20.
How did XRP price perform in the last few weeks?
The price of the XRP coin has seen a good performance in the last few weeks. In the first few weeks of the year, the XRP coin lagged behind Bitcoin and many other altcoins in terms of price development. The XRP price exploded in late March and early April, rising from $0.36 to $0.57.
In the second quarter, the performance of the XRP coin was therefore very good. After the extremely strong rise, the price fell back towards $0.40. In the last few days, the XRP price rose to $0.52. Most recently, the price fell again slightly, but remained above the $0.50 mark.
Why is XRP Price UP?
The XRP coin has seen strong price gains over the past few weeks as the community is increasingly positive that Ripple’s legal battle with the SEC should be announced soon.
If the verdict for Ripple is positive, the XRP price could explode again and a price of 1 dollar would be very likely. The closer a possible judgment gets, the more likely it is that the price will rise, since the XRP community wants to buy the coin beforehand.
What is the Ripple (XRP) forecast for June?
Due to the very positive mood in the XRP community, it makes sense to assume a positive Ripple (XRP) forecast. If the verdict in the legal dispute is getting closer, the XRP price could rise sharply in advance.
Of course, the development of the market as a whole has to play its part. Should Bitcoin see a crash, a surge towards $1 would be difficult. But even in a bearish environment, the XRP coin could perform better if anticipation of the verdict rises.
How high can XRP price reach in our XRP Price Prediction?
Ripple (XRP) price could see strong increases again in the coming weeks if the market plays along. If the crypto market moves in a bullish direction, we would expect Ripple (XRP) to range between $0.70 and $0.95.
However, should the crypto market turn bearish again or even see a small crash in June, then the XRP forecast should be between $0.38 and $0.55.
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