Ripple News Today: Ripple Faces Crucial Court Countdown as XRP Lawsuit Nears SEC Motion Deadline

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The legal battle between Ripple Labs and the U.S. Securities and Exchange Commission (SEC) is entering a decisive phase, with a key deadline on June 16 potentially shaping the future of XRP and its regulatory standing. As the crypto world watches closely, investors, analysts, and legal experts are assessing what the next steps could mean for XRP’s price trajectory, institutional adoption, and long-term viability in the U.S. market.

SEC’s Status Report: A Pivotal Moment for XRP

The U.S. Court of Appeals has set June 16 as the deadline for the SEC to file a status report outlining the progress of its potential settlement with Ripple. While this update won’t deliver a final ruling, it could signal whether the years-long legal saga is moving toward resolution—or further delays.

This moment follows Judge Analisa Torres’s earlier rejection of a joint motion filed under Rule 62.1, which was deemed procedurally improper. However, legal observers believe Ripple and the SEC may now be preparing a revised motion under Federal Rule of Civil Procedure 60—a strategic shift that could allow the court to reconsider the $125 million civil penalty and lift the injunction restricting Ripple’s operations.

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Attorney Fred Rispoli noted that if a Rule 60 motion is filed before the deadline, it could grant both parties an additional 60 days to prepare a follow-up report. This extension would provide more time for negotiations and could ease immediate pressure on XRP markets.

“If the motion is submitted before the deadline, it could buy both parties an additional 60 days to prepare their next status report,” Rispoli stated on X.

Market Reaction: XRP Price Navigates Legal Uncertainty

Despite ongoing legal developments, XRP has seen subdued price action in recent days. At press time, XRP was trading around $2.25, down approximately 3.4% over the past 24 hours. Trading volumes have declined in the spot market, reflecting investor caution ahead of the SEC filing.

However, derivatives activity tells a different story. According to Coinglass data, XRP’s derivatives trading volume surged by 9.6% to $5.06 billion—suggesting traders are positioning for increased volatility. This divergence between spot and futures markets highlights growing anticipation around the June 16 update.

Technically, XRP is consolidating near its 20-day moving average, trapped in a tight range between $2.09 and $2.33. Bollinger Bands are compressing, a classic sign of an impending breakout. Analysts suggest:

Market sentiment remains fragile, heavily influenced by regulatory clarity—or lack thereof.

Why Rule 60 Could Be Ripple’s Best Chance

Legal experts view the Rule 60 motion as Ripple’s most viable path to relief from the court-imposed injunction that has blocked its ability to pursue a U.S.-based IPO. Former SEC attorney James Farrell emphasized that without lifting this restriction, Ripple’s growth in the American market could remain stalled for years.

“Ripple must convincingly show why the penalty should be reduced and the injunction withdrawn. Without that, its growth—especially in the U.S.—will remain severely constrained,” Farrell explained.

While Judge Torres rejected an earlier motion, she left room for reconsideration under “exceptional circumstances.” A properly filed Rule 60 motion could meet that threshold, especially if both parties present compelling arguments for settlement.

If accepted, this could pave the way for reduced penalties—potentially from $125 million to $50 million—and set a precedent for resolving high-profile crypto enforcement cases through negotiated outcomes rather than protracted litigation.

Ripple’s Strategic Expansion Amid Legal Challenges

Even as the lawsuit continues, Ripple is aggressively expanding its global footprint. The company recently partnered with the Japan External Trade Organization (JETRO) to offer grants of up to $200,000 per project for Web3 startups. This initiative aims to strengthen XRP’s role in decentralized finance (DeFi), asset tokenization, and cross-border payments.

Additionally, Ripple is pursuing a banking license to support XRP-based financial solutions in new markets—a move that could significantly enhance Ripple crypto adoption and increase utility across international payment corridors.

In another strategic development, Ripple launched RLUSD, a new stablecoin designed to streamline traditional payment inefficiencies. Analysts believe RLUSD could add functional depth to the RippleNet ecosystem and drive greater demand for XRP as a settlement asset.

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Investor Outlook: Cautious Optimism Amid Lingering Delays

While many XRP supporters—often referred to as the “XRP Army”—remain bullish on the token’s long-term potential, short-term forecasts are clouded by legal uncertainty.

Prediction markets like Polymarket currently assign an 86% probability to an XRP ETF approval by end of 2025, with a 26% chance of approval by July 2025. These figures reflect cautious optimism but also acknowledge the slow pace of regulatory decision-making.

The June 16 filing itself may not deliver dramatic news. However, any indication that a Rule 60 motion has been accepted—or that the SEC is considering withdrawing its appeal—could spark renewed buying interest and push XRP toward higher price levels.

“We’re nearing the end—but it’s still a legal marathon, not a sprint,” one analyst remarked.

Frequently Asked Questions (FAQ)

Q: What happens if no Rule 60 motion is filed by June 16?
A: Without a motion, the SEC’s status report may simply confirm ongoing discussions, leading to minimal market impact and possible disappointment among investors expecting progress.

Q: Could an XRP ETF be approved soon?
A: While not guaranteed, growing institutional interest and clearer regulatory signals could make an ETF filing more viable—especially if the lawsuit concludes favorably for Ripple.

Q: How does RLUSD affect XRP’s value?
A: RLUSD strengthens Ripple’s ecosystem by offering a compliant stablecoin option, which may increase transaction volume on RippleNet and indirectly boost demand for XRP.

Q: Will lifting the injunction allow Ripple to go public?
A: Yes, removing the injunction would clear a major obstacle to a U.S. IPO, enabling Ripple to access public capital markets and expand its investor base.

Q: Is XRP considered a security by U.S. courts?
A: In December 2023, Judge Torres ruled that XRP is not a security when sold to retail investors, though institutional sales were deemed unregistered offerings—a partial win for Ripple.

Q: What’s next after June 16?
A: Depending on developments, expect either a settlement push, extended negotiations, or continued appeals—each scenario carrying different implications for XRP price and adoption.

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Final Thoughts

Ripple news remains at the forefront of crypto discourse as the SEC lawsuit approaches what may be its final chapter. The June 16 deadline is more than just a procedural milestone—it’s a potential catalyst for regulatory clarity, institutional confidence, and renewed momentum for XRP.

While resolution won’t happen overnight, every step toward settlement strengthens the case for XRP as a functional digital asset with real-world utility. Whether this week brings breakthrough or delay, one thing is certain: the outcome will resonate far beyond Ripple, influencing how regulators treat blockchain innovation across the industry.

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