Key Insights:
- XRP price is nearing the apex of a multi-month symmetrical triangle on the 3-day Heikin Ashi chart.
- Analysts suggest a breakout above $2.40 could trigger bullish momentum, while support near $1.90 remains critical.
- BlackRock XRP ETF rumors circulate on social media but lack official confirmation from BlackRock or the SEC..
XRP price is nearing a technical decision point as traders monitor a key chart pattern forming across multiple timeframes. A combination of visual compression and speculative sentiment has drawn increased attention to the asset’s next move.
XRP Price Symmetrical Triangle Pattern Nearing Apex on 3-Day Chart
The XRP/USDT pair is currently consolidating within a symmetrical triangle pattern on the 3-day Heikin Ashi chart. Notably, this formation began developing in early 2025 following a strong upward move from the sub-$1.00 region, which peaked above $3.00 before reversing. Since then, price movement has narrowed steadily between converging trendlines.
As of early June 2025, the price hovers near $2.20, placing it close to the triangle’s apex. This area often signals an upcoming breakout or breakdown.
Notably, crypto analyst Steph Is Crypto monitored whether XRP can decisively breach the upper resistance trendline near $2.40. He also noted it may retreat toward the lower support near $1.90. A clear move beyond these boundaries may determine the short-term direction of the asset.
Key Technical Levels to Define XRP Price Trend
More so, Steph Is Crypto pointed out the $2.40 as a pivotal resistance level. A confirmed breakout above this zone, particularly on strong volume, may open the path toward $3.00 and potentially higher.
Several price models project that a measured move from the triangle’s height could place short-term targets near $3.50 if momentum builds.
On the downside, the analyst cautioned that a break below the $1.90 support level could lead to a broader retracement. This level has held firm during several dips throughout the year and is a structural base within the triangle.
Any loss of this level might trigger selling pressure toward the $1.50 area. Current market behavior suggests price compression is reaching its peak, meaning a decisive move is likely approaching.
BlackRock XRP ETF Rumors Drive Speculation
Adding to the speculation, an X post by the user @amonbuy has circulated widely, suggesting that BlackRock is preparing to launch an XRP exchange-traded fund. The post featured an image of BlackRock CEO Larry Fink with the message claiming the ETF is “coming,”.
However, no official confirmation has been issued by BlackRock or regulatory bodies such as the U.S. Securities and Exchange Commission (SEC).
While this claim has gained traction within the XRP community, formal documentation such as SEC filings or press releases from BlackRock remains absent.
ETF rumors often generate short-term interest and increased trading volume, especially when linked to high-profile asset managers. However, financial institutions typically follow structured regulatory procedures for any ETF product introduction, including pre-filing and public announcements.
ECB Taps XRP Ledger for Euro CBDC Pilot
Amid the XRP price predictions and ETF speculation, new attention is turning to the European Central Bank’s official launch of its 12-month Digital Euro pilot.
According to ECB documentation, the XRP Ledger by Ripple will serve as the primary infrastructure for transaction processing, supported by WhiteNetwork from WhiteRock.
Moreover, the program involves over 500 authorized financial institutions across Europe, testing real-time settlement and cross-border functionality under full EU regulatory compliance.
The ECB outlines three testing phases, starting in June 2025 and running through May 2026. This pilot positions XRP technology at the core of the EU’s regulated digital currency trials.
At the time of writing, XRP price traded at $2.23, down around 1% intraday. Earlier, the price had shown a steady uptrend with strong intraday momentum. Volume was down 13% to $2.13B, indicating active buying pressure. Resistance lies at $2.27, while support holds near $2.16.