XRP Faces Bearish Pressure After Triple Rejection at $2.33 Resistance

XRP experienced a 3.7% decline over the past 24 hours, retreating from a daily high of $2.288 to settle near $2.260. The cryptocurrency faced three consecutive rejections at the critical $2.33 resistance level, signaling persistent bearish pressure. Despite briefly forming a double-bottom pattern at $2.250, fading recovery volume suggests weak bullish momentum. The pullback follows days of heightened volatility, driven by market anticipation surrounding Franklin Templeton''s potential spot ETF decision. As of June 15, 2025, XRP''s inability to break through the $2.33 resistance raises questions about its near-term upside potential, though long-term prospects remain tied to broader crypto market trends and regulatory developments.

XRP Retreats 4% After Triple Rejection at Key $2.33 Resistance Level

XRP slid 3.7% in the past 24 hours, retreating from a daily high of $2.288 to settle NEAR $2.260 after facing three consecutive rejections at the critical $2.33 resistance level. The asset briefly formed a double-bottom pattern at $2.250, but fading recovery volume signals persistent bearish pressure.

The pullback follows days of volatility fueled by anticipation around Franklin Templeton''s potential spot ETF decision later this month. While Ripple''s regulatory wins—including Dubai''s approval of its RLUSD stablecoin—initially buoyed sentiment, the market now shows fatigue as recovery attempts lose momentum.

Technical charts reveal a head-and-shoulders pattern forming, with the neckline at $2.285. Traders are closely monitoring whether the $2.25 support can withstand further downside pressure.

Ondo Finance Brings Tokenized US Treasuries to XRP Ledger via Ripple''s RLUSD

Ondo Finance has expanded access to its tokenized US Treasury product, OUSG, by integrating with the XRP Ledger. The MOVE leverages Ripple''s RLUSD stablecoin for settlements, offering institutional investors faster transactions and improved liquidity in the tokenized real-world assets space.

The XRP Ledger''s low fees and rapid settlement capabilities provide a competitive advantage over existing OUSG deployments on ethereum and Solana. Over $30 million in OUSG tokens have already migrated to XRPL, signaling strong institutional demand for blockchain-based treasury management solutions.

This development marks a significant maturation of blockchain infrastructure, shifting from speculative assets to regulated financial instruments. The XRP Ledger''s architecture appears particularly suited for institutional-grade asset tokenization, combining regulatory compliance with technical efficiency.

Nasdaq-Listed VivoPower to Deploy $100M in XRP on Flare, Adds RLUSD

VivoPower International, a Nasdaq-listed company, is making waves in the digital asset space by allocating $100 million of its treasury to XRP on Flare''s blockchain ecosystem. The move marks the first instance of a publicly traded firm building a treasury framework around XRP, leveraging Flare''s FAssets protocol to enable smart contract functionality for the asset.

The strategic deployment includes yield generation through Flare-native protocols like Firelight, with profits earmarked for further XRP acquisitions. This creates a self-reinforcing cycle of treasury growth and asset productivity.

In a parallel development, VivoPower is incorporating Ripple''s RLUSD stablecoin into its corporate cash reserves. The stablecoin addition provides a compliant cash-equivalent option while maintaining exposure to the digital asset ecosystem.

The $121 million capital raise underpinning this treasury transformation signals growing institutional confidence in XRP''s role as a cornerstone asset. Flare''s infrastructure serves as the critical bridge, adding a DeFi LAYER to XRP''s enterprise-grade foundation.

XRP ETF Approval Odds Dip as SEC Deadline Looms Amid Legal Uncertainty

Spot XRP ETF applications from Grayscale, Franklin Templeton, and Bitwise face critical SEC deadlines next week, with approval odds slipping from 98% to 88% on Polymarket. The decline follows procedural delays in Ripple''s proposed $50 million settlement with the SEC, which remains pending judicial approval despite both parties signaling intent to drop appeals.

Market Optimism had surged in June after Ripple''s settlement announcement removed a key legal overhang. But Judge Analisa Torres'' rejection of a joint motion to amend the final judgment under Rule 60 has reintroduced uncertainty. The case technically remains open as the Second Circuit reviews the limited remand request.

XRP''s regulatory clarity hinges on the resolution of the SEC''s longstanding securities claim. A favorable outcome could catalyze institutional adoption, while further delays may prolong the token''s limbo status. The ETF race mirrors Bitcoin''s path to mainstream acceptance, though XRP''s unique legal battles present distinct hurdles.