XRP Price Forecast – XRP Eyes $3 on Ripple IPO Rumors

Highlights:

• XRP is trending towards short-term resistance at $2.28
• Breach of the $2.28 resistance could pave the way for a rally to $3
• Ripple IPO rumors could trigger XRP FOMO buying

XRP shows significant strength intraday as the broader market sends bullish signals. When writing, XRP was going for $2.26, up by 2.08%. XRP trading volumes are also rising by 95% to stand at $2.93%. Such a volume surge when the price increases hints at a buildup in FOMO in XRP. Investors are likely anticipating a price rally pushing XRP to new highs, potentially $5 or more in the short term. A couple of factors support the rising bullish sentiment around XRP.

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Rumors of A Ripple IPO Are Building Up

One of them is the rumor that Ripple could be looking to do an IPO. While not yet confirmed, the rumor is driven by the recent move by Circle to do an IPO. This has fueled speculation that Ripple could do the same. This would be a big deal for XRP, given that it is the cryptocurrency that is directly linked to Ripple.

As such, while the value of Ripple shares may not be correlated to the XRP price, it could trigger a surge in liquidity due to the link between Ripple and the XRP blockchain. It is one of the factors that could cause XRP to rally to prices as high as $10 in the foreseeable future.

Feels only logical that Ripple will have an IPO of it's own soon following the CRCL IPO

it's coming, you know it, and I know it

and likely at some insanely stupid valuation $XRP

— 🐧 Pentoshi (@Pentosh1) June 8, 2025

NASDAQ Adds XRP to Benchmark Price Index

The buildup in momentum around XRP is also driven by news that NASDAQ has added XRP to its settlement price index. This was announced on June 6 when NASDAQ submitted a revised benchmark to its Hashdex US ETF to the SEC, pointing to the inclusion of XRP in its benchmark index. While this does not mean holding XRP directly through ETFs, it points to the growing acceptability of XRP within institutional circles. It is one of the factors that could lead to long-term institutional adoption, and the market is already showing excitement.

🚨 🚨 BREAKING NEWS:

The US SEC has approved the Nasdaq Crypto Settlement Index, which includes XRP, XLM, ADA, and SOL. 📃 🪙 🇺🇸

This approval paves the way for development of future ETFS.#XRP #RLUSD #XRPETF 💎 💎 💎 💎 💎 💎 💎 💎 💎 💎 pic.twitter.com/cKOm5Gb7ya

— Kenny Nguyen (@mrnguyen007) June 7, 2025

Ripple to Support Japanese Developers Building on XRP Ledger

XRP has also got a boost from the fact that Ripple is making moves to support the price of XRP. One of them is an announcement by the company that it will help Japanese companies looking to build on the XRP Ledger. This is a big deal because it could trigger a surge in Web 3.0 projects launching on the XRPL. Since the XRPL uses XRP tokens for settlement, this means an increase in the real demand for XRP over time. Not only is this driving short-term speculative excitement in XRP, but it could also be the key to pushing the price to new highs going into the future.

🚨 BREAKING NEWS:

RIPPLE HAS PARTNERED WITH WEB3 SALON IN A POWERFUL STEP TOWARD ACCELERATING BLOCKCHAIN INNOVATION IN ASIA! 🇯🇵 #XRP https://t.co/xw1XP3hhU0 pic.twitter.com/M9M9TGg6oy

— 𝓐𝓶𝓮𝓵𝓲𝓮 (@_Crypto_Barbie) June 9, 2025

Broader Market Price Action Favors XRP

XRP could also benefit from Bitcoin’s price action. If Bitcoin gains upside momentum and rallies through $110k, then XRP, too, could be headed to new highs in the short term. With companies like Strategy doubling down on their Bitcoin purchases, such a scenario will likely play out soon.

#Bitcoin's recovery is fully confirmed now.

👉Trades daily above EMA55, EMA89 & MA200.

👉Trades back above $106,000.

👉 $110,000 is the last barrier.

👉#BTCUSDT set to hit a new all-time high next.

👉Look at the #Altcoins, all bullish.

👉 $BTC is going up!

Namaste. pic.twitter.com/hUTy7D61m6

— Master Ananda (@anandatrades) June 9, 2025

Technical Analysis – XRP Trending Towards $2.28 Resistance

XRP is gaining momentum after rallying off the $2.22 support. It is currently pushing towards the $2.28 resistance. If bulls gain enough momentum and push XRP through the $2.28 resistance, a rally to $3 could follow.

However, if XRP bears retake control, then a retest of $2.22 is possible. A bearish correction through $2.22 could pave the way for a correction to $2.20. With the broader market gaining bullish momentum intraday, a rally through $2.28 is more likely in the short term.

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