Key Developments in SEC vs. Ripple Case
As optimism builds around Judge Torres potentially approving the modified settlement motion between the SEC and Ripple, XRP has seen renewed bullish momentum. The case has reached a critical juncture with these key developments:
- Ripple has agreed to withdraw its cross-appeal, potentially clearing the path for resumed institutional XRP sales
- A favorable ruling could reduce legal overhangs and support pending XRP spot ETF applications
- The parties submitted their second joint motion on June 12 seeking a indicative ruling on settlement terms
👉 Why this settlement could be a game-changer for XRP
Market Reaction and Price Action
Tuesday saw renewed focus on the case as investors await Judge Torres' crucial decision. The market recovery comes after Middle East conflict-induced selloffs, with XRP showing relative strength:
- XRP currently trades below its May high of $2.6553
- The token has outperformed the broader crypto market's 0.83% gain
- Total crypto market cap stands at $3.23 trillion
Legal uncertainty persists after Judge Torres rejected the first joint motion in May due to procedural errors and insufficient arguments about public benefit. While the second motion addressed procedural issues, legal experts note it may still fall short of the court's expectations.
Critical Factors Influencing XRP's Future
Several make-or-break elements will determine XRP's trajectory:
- Settlement Terms Approval: Judge Torres' ruling on the modified proposal
- SEC Appeal Plans: Whether the regulatory body follows through on withdrawing its appeal
- ETF Developments: Progress on XRP spot ETF applications
Prominent crypto-friendly attorney Bill Morgan weighed in: "Unless Judge Torres dismisses the latest joint motion, final judgment likely won't drag into 2026. Both parties would appeal if settlement proceedings break down completely."
Price Technical Analysis
FXEmpire analyst Bob Mason highlights these key technical levels:
Upside Scenario:
- Break above 50-day EMA could target June 16 high of $2.3389
- Sustained momentum may retest May peak at $2.6553
Downside Risk:
- Fall below 200-day EMA could test support at $1.9299
👉 XRP trading strategies amid legal uncertainty
FAQs About XRP's Future
Q: How would SEC withdrawing its appeal impact XRP?
A: This would remove a major legal overhang, potentially facilitating institutional sales and ETF approvals.
Q: What's the worst-case scenario for XRP?
A: If SEC successfully appeals the programmatic sales ruling, exchanges might delist XRP and ETF applications could be rejected.
Q: When might we see a final resolution?
A: Barring appeals, the case could conclude relatively quickly if Judge Torres approves the settlement terms.
Q: Why is the Howey Test relevant?
A: The SEC uses this three-pronged test to determine which assets qualify as securities under U.S. law.
Q: How are ETF issuers approaching XRP?
A: Many are awaiting legal clarity before proceeding with spot ETF applications.