- Ripple and the SEC have refiled a joint motion seeking to lift the XRP institutional sales ban, with Judge Torres’ upcoming ruling potentially ending their long-running legal battle.
- Meanwhile, XRP’s price remains under pressure amid legal uncertainty, while Bitcoin sees renewed strength from sustained ETF inflows.
Ripple vs. SEC: The Final Chapter?
The long-running legal battle between Ripple and the U.S. Securities and Exchange Commission (SEC) may finally be nearing its climax. On June 12, Ripple and the SEC jointly refiled a motion requesting Judge Analisa Torres to lift the injunction on XRP institutional sales and slash the $125 million penalty. If granted, this could pave the way for both parties to withdraw appeals and officially close the case.
However, the outcome isn’t guaranteed. Judge Torres previously rejected a similar motion in May due to procedural issues and vague arguments. Legal analysts remain divided on the updated filing. Pro-crypto attorney Fred Rispoli criticized it as “paltry,” while others like Bill Morgan cautiously speculate that Torres might approve it to bring closure to the case.
XRP Price Sways as Legal Tension Builds
XRP’s price has taken a noticeable hit in recent weeks. From a high of $2.57 in May, it dropped to $2.06 on June 5 before stabilizing near $2.14. The latest pullback of 1.93% on June 13 reflects investor caution ahead of the pivotal court decision. A favorable ruling could ignite a bullish reversal, targeting $2.50 and the May high of $2.6553. But a denial may drag XRP below $2 and test support near $1.93.
The broader market’s unease and mixed sentiment are clear. Conservative institutions may hold off until clarity returns, while bolder players may seize potential buying opportunities if the injunction is lifted.
Bitcoin Finds Strength in ETF Inflows
While Ripple stumbled, Bitcoin (BTC) enjoyed renewed momentum thanks to strong spot ETF inflows. On June 13, BlackRock’s iShares Bitcoin Trust (IBIT) alone saw $239 million in net inflows, helping BTC rebound 0.26% to $106,107. This marked the fifth consecutive day of net inflows for U.S.-based spot ETFs.
The positive ETF trend is helping BTC regain footing after recent geopolitical tensions between Israel and Iran triggered sharp volatility. If bullish sentiment continues—fueled by easing global tensions and favorable U.S. economic data—BTC could retest its all-time high near $111,917.
Watch the Courts, Watch the Charts
All eyes are now on Judge Torres. Her decision could reshape XRP’s regulatory landscape and unlock fresh price action. Meanwhile, Bitcoin’s ETF-driven recovery highlights the growing role of institutional interest. For crypto investors, the coming days could prove decisive.
