XRP is showing weak short-term momentum with traders hesitant despite brief intraday optimism and high volumes.
June events such as ETF decisions and FOMC meetings could potentially shift XRP's current direction.
A key trigger in June is the probable approval of a spot XRP Exchange-Traded Fund, with Franklin Templeton's ETF application before the SEC for review with a final decision expected on June 17, 2025.
Institutional attention, ETF pressure, and broader economic shifts, including the FOMC meeting on June 17-18, could impact XRP's price, as highlighted by rising institutional demand and trading volumes.