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The XRP price edged up a fraction of a percentage in the past 24 hours to trade at $2.21 as of 5:32 a.m. EST, with a 196% surge in trading volume to $5 billion.
This comes as whale wallets containing 1 million or more XRP reached an all-time high. There are now 2,700 wallets with at least 1 million XRP, worth approximately $2.25 million per wallet. This is the largest figure in the 12-year history of XRP.
The positive outlook in the XRP price also comes as Purpose Investment Inc. received a final prospectus receipt for its new product, the Purpose XRP ETF (exchange-traded fund).
The product is expected to begin trading on the Toronto Stock Exchange (TSX) on June 18, under the ticker XRPP.
🚨BREAKING: Purpose Investments Inc. has received a final prospectus receipt for its new product, the Purpose #XRP ETF!
💥THE LAUNCH WILL BE ON JUNE 18💥 pic.twitter.com/HaO45JTwks
— JackTheRippler ©️ (@RippleXrpie) June 16, 2025
XRP Price Poised For A Breakout Above The Falling Wedge Pattern – A 52% Surge Incoming?
The XRP price, after reaching a high of $3.38, has been in a downtrend, trading within a well-defined falling wedge pattern.
However, the Ripple token price now appears to have found support at the 0.382 Fibonacci level, around $2.28, on the 3-day timeframe, as GeckoTerminal data shows.
As a result of the sustained downtrend, the price of XRP has now crossed below the 50 Simple Moving Average (SMA) at $2.35, which now acts as a point of resistance if momentum picks up.
Meanwhile, the 200 SMA remains below the current price, indicating that the Ripple token is still bullish in the long term.
The Relative Strength Index (RSI) remains in a consolidation phase within the neutral zone at 48, indicating that the bears and bulls are in a tug of war.
If momentum picks up at the current level, the XRP price could break above the falling wedge, with the outlook suggesting a 52% surge in the short term to the 0 Fib level at $3.37.
Conversely, if the bears take charge of the asset, the 200 SMA could act as a cushion against downward pressure at $1.19.
Meanwhile, opportunistic investors are redirecting their funds to a new ICO called Snorter Token (SNORT). According to 99Bitcoins, a popular YouTube channel with over 723K subscribers, SNORT could soar 10X on launch.
Snorter Token Presale Closing On The $1.5 Million Milestone – Next 10X Crypto?
Snorter Bot Token has broken beyond the $1.06 million milestone during its new trending presale, highlighting growing interest in the project’s Solana-powered trading bot platform.
Built as a Telegram-native trading bot for Solana and Ethereum, Snorter transforms Telegram into a full-stack trading suite.
From sub-second swaps to instant sniping, copy trading, and real-time portfolio tracking, the bot is designed to help degens move faster and trade smarter.
Snorter is the fastest and most affordable bot on Solana, transforming your Telegram feed into a weaponized trading terminal.
It has the fastest execution and lowest fees of any bot on Solana, making sniping a breeze. Additionally, it also comes with cutting-edge MEV protection, which gives it a competitive advantage compared to other solutions such as Trojan and BonkBot.
If it’s on the chart, it’s on the menu. pic.twitter.com/TR3bHUk4aE
— Snorter (@SnorterToken) June 15, 2025
It stands out from bots like BonkBot or Maestro as well by offering lower fees (just 0.85% for SNORT holders), while protecting users with advanced honeypot and rugpull detection.
In addition to its trading features, annual staking rewards currently sit at 287%, which decreases as more investors join.
Tokens can be purchased at a discounted price of $0.0955 using SOL, ETH, BNB, or a bank card directly on the official website.
Interested investors should consider buying before the next scheduled price increase, which is less than 2 days away.
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