Quick Read – XRP fell 7% to $1.24 in three days, but short bets outnumbering longs 9-to-1 sets up a violent short squeeze if the CLARITY Act passes. – A 10,000-path Monte Carlo model puts XRP’s base range at between $1.26 and $1.46, rising to a median of $1.56 if the CLARITY Act…
ears the Senate floor this month. – Over 25 million XRP moved off exchanges and whale wallets hit a record 332,230 addresses, signaling accumulation beneath the bearish price action. – XRP (CRYPTO: XRP) has had a rough start to June. has had a rough start to June. The cryptocurrency closed May at $1.33, dropped to $1.29 on June 1, fell further to $1.21 yesterday, and is now trading at $1.24 right now
That’s a 7% slide in three days, with $8 billion shed from XRP’s market cap as Bitcoin fell to $67,000 and the broader crypto market sells off. But June is shaping up to bring more than just the selloff. The CLARITY Act just cleared its biggest procedural hurdle yet, ETF inflows continue to hold up, and our own Monte Carlo model is pointing to a clearer range for the month.
Here is our XRP price prediction for June. What’s Affecting XRP’s Price in June The CLARITY Act is the biggest factor driving XRP’s price action this month. The bill cleared the Senate Banking Committee on May 14, and the coin rallied above $1.55 on the back of it before the bears pulled it back down.