A crypto analyst known as The Real Remi Relief has predicted a significant shift in the XRP market, suggesting that June could become a crucial turning point for the digital asset.
According to the analyst, XRP may experience a significant price surge ranging between $25 and $75 during the month or shortly after, driven by a series of key developments in the crypto and regulatory landscape.
The forecast is based on the expected conclusion of several long-standing delays that have previously limited XRP’s momentum. These include updated SEC action regarding Ripple, new developments with the Genius Act, and the implementation of XRP-focused payment systems, which is expected to take place this June.
The analyst pointed out that crypto legislation is having an influence, and institutions are more involved.
A critical factor behind the bold price projection is the potential launch of XRP exchange-traded funds. Demand for XRP is expected to increase strongly, as every ETF is said to hold a reserve of 20 XRP for each unit. Liquidity might shrink in the market, which could lead to rising prices as more investors rush to buy.
Also Read: Over 600,000,000 XRP in June Already, What is Happening?
Analyst Cites Institutional Demand and End of Regulatory Delays as Key Drivers
The analyst believes that regulatory delays have come to an end, opening the door for increased adoption. These include the expected finalization of ISO 20022 messaging standards and the introduction of new legislation supporting digital assets.
With these developments aligning in the coming weeks, the conditions for a potential XRP rally appear to be forming.
He also pointed to shrinking exchange supply as a possible trigger for upward price movement. If there are no more reserves available, institutions might have to tap into public exchanges since retail investors hold most of the XRP available there.
If buyers need to compete for liquidity because supply is scarce, the analyst predicted that this situation could cause prices to rise quickly.
Also, delayed access during previous market surges has led experts to advise holding crypto in cold wallets. It was suggested that cold wallets, such as Ledger and Tangem storage solutions, could help avoid any delays when a large number of withdrawals are taking place.
June is shaping up to be a decisive month for XRP, with a mix of legal, institutional, and market factors aligning. If we see further moves in the markets, increased interest in XRP, and possible price swings, it could show that June will be an important month for the asset.
Also Read: Bitcoin Holds Strong at $104K While Altcoins Slip in Weekly Shake-Up
