The mainstream remittance altcoin Ripple (XRP) has been hibernating in a narrow range for a week. Bouncing up & down between $2.11 & $2.30, Ripple coin’s market value now stands at a critical demand territory of $2.20, also known as the major support line.
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Season market participants, including the lawyer Bill Morgan, expect XRP price to make a big move soon – and it’s all about the U.S. Securities and Exchange Commission (SEC) vs Ripple case. On June 16, 2025, the SEC is due to submit the bi-monthly report to the Appeals court.
Certainly, this could have a critical impact on Ripple coin’s (XRP) price, but it doesn’t change the fact that SEC & Ripple are ready to settle for $50 million. Despite both parties agreeing to the initial $125 million fine, the District Judge ruled out the possibility of an indicative resolution, calling out the legal process as “procedurally improper”.
Closed Door Meeting To Solve Ripple’s Case?
The difference in opinion between the Judge & both parties could be settled as soon as next week, people familiar with the matter claim. According to them, a major announcement from the SEC is coming on June 13, 2025, three days before the report deadline.
If Judge Torres, SEC & Ripple are indeed settling their differences behind closed doors, Ripple bulls expect XRP price to hit discovery mode. For that to occur, XRP price would have to soar past $3.40, the all-time record hit over 7 years ago & nearly reclaimed this January.
Trading in range-bound mode for nearly 90 days, Ripple’s native crypto is still in consolidation.
Naturally, today’s narrow XRP price range of $2.19 – $2.26 supports the theory that both retail & institutions are awaiting the first results from the Ripple ETF submissions, with some coming later this month.
Right now, the belief in at least one XRP ETF hitting the traditional stock markets this year is at an all-time high. With 92% of voters on Polymarket believing so, the same prediction is shared by Ripple’s Boss Brad Garlinghouse.
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The SEC sued Ripple in 2020, claiming XRP is a security, impacting Ripple’s operations and XRP’s price. A favorable ruling could boost XRP, while a loss might suppress it.
Uncertainty from the lawsuit often causes XRP price volatility, with drops during negative news and surges on positive developments.
Even with SEC appeal withdrawals, XRP may not surge due to lingering regulatory concerns or market sentiment.
A Ripple victory could clarify XRP’s legal status, likely increasing investor confidence and XRP’s price.
The SEC argues XRP’s institutional sales are securities, but a 2023 ruling stated public XRP sales are not, affecting price stability.
