Main notes
- If the SEC fails to act, the bright appeal and attractive appeal process will continue, which requires Ripple to provide an additional briefing.
- Legal experts remain divided into the results of the case, with the speculation of some settlement before the progress of the appeal, early by June 13.
- XRP trades at $ 2.2, with technical indicators indicating a possible decrease of 19 % to $ 1.71 if the support level erupts $ 2.13.
The ongoing ripples suit with the American Securities and Stock Exchange Committee (SEC) is approaching the critical deadline on June 16, as the 60 -day SEC window will end to update the American Court of Appeal.
Previously, the deadline was set in April, after the joint request from both sides, and the Court of Appeal in the second circle agreed to stop the procedures provided that SEC submit the case report by June 15.
Earlier today, XRP More Morgan’s lawyer mentioned the deadline on June 16 in 12 days, and may lead to a final conclusion in this case. Failure to act by the deadline will lead to the continued appeal and appeal process. Morgan said that if this happens, Ripple would be asked to provide a briefing as part of continuous litigation.
The countdown to the date of submission to the Court of Appeal is now 12 days. Something should happen at that time or appeal and the cross appeal continues and deserves to be briefed from Ripple. pic.twitter.com/pximvjxgg
– Bill Morgan (@Belisarius2020) June 4, 2025
Will the rippral lawsuit end up with a result?
After many deliberations in a ripple suit, the legal community remains divided on whether the issue will reach the finish line or not. Some analysts suggest that the Ripple -sec case can reach a settlement before the appeal is made.
One of these commentators, known as “The Real Remi Relief”, confirms that SEC and Judge Torres have already reached an agreement in the case. According to this claim, the official announcement is expected on Friday, June 13, 2025.
Update: I am still waiting for confirmation
But all I have Ogs know how I deal with … Information about me is your information
All Ripple & Torres has reached an agreement/conclusion. From what I understand, Ripple has finished getting a better deal.
The date of the announcement will be on Friday, June … https://t.co/lfecmzvsh
– Remielifx Rum. June 3, 2025
Amid these developments, the chances of XRP ETF approval by the end of 2025 were 98 %, according to polymarket data. This represents a strong profit of 23 % over the past month, although the frequent delay by the stock regulator.
What happens for the XRP price amid the development of the lawsuit?
XRP price
Xrp
$ 2.21
24 hours fluctuation:
1.2 %
The maximum market:
129.87 dollars b
Folder. 24h:
$ 1.89 b
The performance of the Altcoins market was not at the level of investor expectations, and is currently flirting with about $ 2.2. On the artistic chart, the formation of a cup style and an inverted handle indicates that the coating currency may face a possible 19 % decrease.
The XRP declining style suggests a targeted goal equivalent to the depth of the cup as shown in the image below. If the price decreases less than the support level of $ 2.13, Ripple may experience 19 %, as it decreases to $ 1.71. This level represents a multiple -monthly important support zone that has constantly defended XRP since November 2024.
XRP inverted cup price and handle Source: TradingView
In addition to the descending feelings, the RSI indicator continues to decrease, which is a decrease in its lowest levels and a signaling signaling. With the value of RSI 43, the indicator reflects that the bears in the market controls strongly.
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Slip: Coinspeaker is committed to providing unbiased and transparent reports. This article aims to provide accurate and timely information, but it should not be considered financial or investment advice. Since market conditions can change quickly, we encourage you to check your information and consult with a professional before making any decisions based on this content.
Bhushan is enthusiastic about technology and carries a good tendency to understand the financial markets. His interest in the economy and financing draws his attention towards emerging technology markets and emerging technology. He is in a continuous educational process and keeps himself excited to share his acquired knowledge. In spare time he reads fictional excitement novels and sometimes explores his cooking skills.
The post Why June 16 Deadline Matters for XRP Holders first appeared on Investorempires.com.
