XRP Price: Traders Watch Closely Today’s SEC Deadline – Will Ripple Be Set Free?

Quick overview

As institutional demand increases for XRP and the high-stakes legal dispute between Ripple and the SEC draws closer to a crucial decision point that might change the token’s future, Ripple remains stable above important support.

XRP Price Steady Despite Heavy Legal Overhang

Ripple’s native token, XRP, is currently consolidating within a broad range, despite increasing institutional demand and anticipation of a pivotal legal event involving the U.S. Securities and Exchange Commission (SEC). After a strong start to last week that saw XRP push to $2.34, price action was met with renewed selling pressure. Still, the $2.00 support level remains intact, reflecting underlying bullish interest as the legal case unfolds.

Ripple Chart Weekly – The Support Around $2 Holds

Investors are preparing for what could be a historic development in the years-long court battle. On June 12, Ripple Labs and the SEC submitted a second joint motion to Judge Analisa Torres, seeking an indicative ruling that could allow for a $125 million penalty payout and the lifting of an injunction on XRP institutional sales.

Judge’s Decision May Be a Turning Point

The motion marks a renewed attempt to reach a middle ground after a previous submission was rejected by Judge Torres on procedural grounds. That earlier request had argued that institutional investors and the public would benefit from a resolution, but failed to persuade the court.

This second motion aims to present a stronger case, and legal analyst John E. Deaton, founder of Crypto Law, estimates there’s a 70% chance that the judge may side with Ripple this time. A favorable ruling would represent a monumental win for Ripple and could significantly ease the regulatory pressure on XRP, potentially removing a key barrier to further upside.

June 16 Deadline Looms for SEC Response

Adding urgency to the situation, the U.S. Court of Appeals has ordered the SEC to submit a status update by June 16 regarding the ongoing settlement talks. This stems from a previous ruling in April, where the Court allowed a 60-day abeyance to give both parties time to negotiate. Depending on Judge Torres’ response to the latest joint filing, both Ripple and the SEC could withdraw their appeals, paving the way for a negotiated resolution.

If Judge Torres rules positively, the Court of Appeals may grant an extension, effectively pausing the appeals process and offering breathing room for a final settlement. This legal clarity would be a major catalyst for XRP price action and investor sentiment.

Conclusion: Legal Clarity Could Unlock XRP’s Next Big Move

As the SEC vs. Ripple saga nears a defining chapter, XRP remains technically resilient. The market is cautiously optimistic, with buyers defending key levels ahead of the June 16 court update. If Judge Torres issues a favorable ruling, and the SEC responds positively, XRP could break decisively above the $2.34 resistance zone and regain momentum toward new highs. For now, patience is key, but the legal tides may soon shift in Ripple’s favor.

Ripple XRP Live Chart

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Skerdian Meta

Lead Analyst

Skerdian Meta Lead Analyst. Skerdian is a professional Forex trader and a market analyst. He has been actively engaged in market analysis for the past 11 years. Before becoming our head analyst, Skerdian served as a trader and market analyst in Saxo Bank's local branch, Aksioner. Skerdian specialized in experimenting with developing models and hands-on trading. Skerdian has a masters degree in finance and investment.

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