The US is currently gearing up for summer. While the community was confident that the cryptocurrency market would enter summer on a bullish note, several assets came crashing down. Just as Bitcoin (BTC) slipped below $110,000, a plethora of cryptocurrencies followed suit. Ripple’s XRP was one among them. The altcoin has been a top performer throughout the year. The fourth-largest cryptocurrency witnessed a massive rise of nearly 350% during the past year. But currently, the asset was in a downtrend. The XRP community is left confused and is hoping to see a bullish uptick this summer rather than a continuation of its current trend.
Also Read: Ripple: Analyst Predicts A Golden Cross For XRP Targeting $5: The Details
How Is XRP Faring Today?
After a seven-day drop of over 3.35%, the asset witnessed a rise to $2.47 earlier today. But this uptrend was hit with a hurdle. XRP came crashing down. Over the past 24 hours, the altcoin recorded a 3.38% downfall. At the time of writing, XRP was trading at $2.34.
While the community is hoping to receive positive news, the Securities and Exchange Commission (SEC) delayed the review of XRP ETF filings from two prominent firms, Bitwise and CoinShares. This might impact the price of the altcoin badly. But a potential approval could shoot the price of the asset to its all-time high. Currently, the asset is 38% below its peak of $3.84.
Also Read: XRP on the Verge of a 200% Rally, Should You Buy It Now?
Summer 2025 Price Prediction
The XRP market will likely be stagnant this summer. According to data from CoinCodex, the altcoin will barely see any changes in its price during the next couple of months. The firm revealed that the asset will trade at $2.56 in June. While the first month of summer starts off slow, the upcoming months will follow a similar trend. In the months of July and August, XRP will trade at a maximum price of $2.59 and $2.60, respectively.
Also Read: USDC on HBAR Soars 2,150% as Banks Move to XRP Ledger
