Nasdaq’s recent addition of XRP to its Crypto US Settlement Price Index marks a significant milestone for the digital asset’s market presence.
It signals a growing acceptance of XRP within mainstream financial platforms and opens new avenues for institutional and retail investors alike.
However, the broader implications for XRP’s price and market dynamics remain a subject of close scrutiny.
Nasdaq’s bold move to diversify crypto exposure
On June 2, 2025, Nasdaq expanded its crypto index to include XRP alongside other major altcoins such as Solana (SOL), Cardano (ADA), and Stellar Lumens (XLM).
The filing was released late last week.
This shift reflects Nasdaq’s strategic intent to diversify beyond Bitcoin and Ethereum, offering investors a wider array of options within regulated environments.
Although this inclusion does not immediately allow ETFs to hold XRP, it sets the stage for possible regulatory approvals that could broaden XRP’s access to mainstream financial products.
Market observers consider this a potential turning point for large-cap altcoins in US financial indices, as it reflects a more open regulatory stance than seen in previous years.
Consequently, investor optimism is tempered by caution, given the uncertain timeline and outcomes.
Ripple’s expanding influence in Japan boosts XRP adoption
Adding another layer of positive sentiment is Ripple’s strategic partnership with Japan’s Web3 Salon, backed by influential organisations like JETRO and the Asia Web3 Alliance Japan.
Ripple has committed up to $200,000 in grants for startups developing on the XRP Ledger, focusing on decentralised finance, tokenised real-world assets, and digital payments.
This initiative, part of Ripple’s broader 1 billion XRP regional fund, aims to foster innovation and deepen XRP’s utility in one of Asia’s most crypto-friendly markets.
Ripple’s collaboration with Japanese partners, including SBI Holdings, further strengthens the digital asset’s foothold in the region.
With estimates suggesting that 80% of Japanese banks may adopt XRP by the end of 2025, Ripple is positioning itself as a key player in Asia’s blockchain revolution.
This growing ecosystem could support XRP’s long-term price appreciation by expanding real-world use cases and institutional demand.
XRP price action shows resistance near $2.30
Despite this encouraging institutional development, XRP’s recent price movements reveal a challenging short-term outlook.
The token briefly attempted to break above the $2.28 to $2.30 resistance zone but faced swift rejection, which led to a pullback toward support near $2.20.
Technical indicators such as the Relative Strength Index (RSI) and the Moving Average Convergence/Divergence (MACD) on lower timeframes show waning bullish momentum, signalling that sellers currently have the upper hand.
Furthermore, XRP’s position below critical moving averages like the 100 and 200 EMA adds to the bearish pressure.
If XRP fails to hold the $2.20 support level, it could slide further to test lower bounds around $2.07, marking a crucial threshold for traders.
However, a successful reclaiming of the $2.30 level would reignite bullish sentiment and potentially propel XRP toward $2.35 and beyond.
Cautious optimism underpins the XRP price prediction
Notably, Nasdaq’s addition of XRP to its Crypto US Settlement Price Index represents a noteworthy evolution for the token’s institutional acceptance and potential market expansion.
And while technical indicators suggest short-term resistance and a testing phase around $2.20 to $2.30, Ripple’s strategic initiatives in Japan and pending SEC decisions offer promising catalysts.
Notably, the proposed inclusion of XRP in Nasdaq’s crypto index is closely tied to the SEC’s forthcoming decision on ETF rule changes.
An XRP ETF Approval would allow regulated funds to hold XRP, significantly increasing liquidity and market access.
In addition, historical precedents, such as the recent Ethereum ETF approval, highlight the transformative effect that regulatory clarity can have on altcoin prices and investor confidence.
In the meantime, market participants remain cautious, balancing the excitement of Nasdaq’s move with the technical realities of XRP’s current price behaviour.
Until XRP clears the resistance hurdles and regulatory uncertainties resolve, XRP price prediction points to volatility and a neutral-to-bearish bias in the near term.
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