XRP News Today: XRP Slumps Toward $2 as War Tensions and Bearish Metrics Rattle Traders

XRP is under renewed pressure as a storm of geopolitical events, legal uncertainty, and weakening on-chain fundamentals has pushed the token dangerously close to the $2 mark.

After a week of heightened volatility, Ripple XRP news reveals that investor sentiment has turned increasingly bearish. The sharp selloff began following the U.S. military’s airstrikes on Iranian nuclear sites, which triggered broader market jitters.

On Saturday, June 21, XRP fell to a weekly low of $2.00, marking a 6% drop. President Donald Trump described the attack as a “spectacular military success,” stating that the mission was aimed at halting Iran’s nuclear ambitions.

Speculation and Legal Uncertainty Deepen the Decline

The geopolitical shock wasn’t the only catalyst spooking the market. XRP also suffered from fresh waves of speculation surrounding the ongoing XRP lawsuit. Talk of a potential U.S. government seizure of Ripple’s escrowed XRP for national reserves briefly made rounds, further unsettling investors. Though legal experts like pro-crypto attorney Bill Morgan dismissed such rumors—saying simply, “No, it won’t”—the damage to market sentiment was already done.

Judge Torres is expected to deliver a final ruling in the 4.5-year SEC vs. Ripple case this Monday, potentially concluding the long-standing legal battle. Source: John Squire via X

Meanwhile, Ripple and the SEC await a critical ruling from Judge Analisa Torres on a joint settlement motion filed earlier this month. The motion aims to lift the long-standing injunction against institutional sales of XRP. Judge Torres had previously denied a similar motion due to procedural issues. The silence following the latest filing has left the XRP market in suspense.

Since Judge Torres’ initial rejection, XRP price has tumbled from a high of $2.57 to as low as $1.99, reflecting growing anxiety. Legal analysts believe that a favorable ruling could allow Ripple to withdraw its cross-appeal, while the SEC would abandon its pursuit of the programmatic sales appeal—a scenario that could unlock significant upside for XRP.

XRP Price and On-Chain Metrics Send Bearish Signals

Beyond legal and geopolitical concerns, XRP’s on-chain data is flashing red. According to Glassnode data shared by Coin Bureau, new wallet creation on the XRP Ledger has plummeted by over 80%—from more than 30,000 per day in January to under 5,000 now. This decline in user growth aligns with XRP’s recent price struggles.

XRP was trading at around $2.00, down 6.23% in the last 24 hours at press time. Source: XRP Liquid Index (XRPLX) via Brave New Coin

In addition, daily active addresses have plunged from 557,000 to just 34,000. Analysts see this as a sign that retail investor interest in the Ripple network may be fading, weakening the support needed for a sustained rally. “Network engagement is collapsing, and that’s bad news for the bulls,” Coin Bureau commented.

Still, not all market watchers agree. Another analyst using the pseudonym MoonLambo argues the slowdown in user activity is part of a broader market cycle post-election and not unique to Ripple XRP.

Technical Analysis: XRP Clings to Support

Technically, XRP is hovering just above its 200-day Exponential Moving Average (EMA) at $1.94, a crucial support level. Analysts warn that falling below this threshold could accelerate losses. A descending triangle pattern on the charts suggests a breakdown may be imminent if XRP fails to regain momentum.

XRP price could pull back below the $2 support following the ongoing bearish momentum. Source: FenzoFxBroker on TradingView

To reverse the current trend, XRP must push back above the $2.30–$2.40 resistance zone with strong volume. A breakout above both the 50-day and 200-day EMAs could pave the way toward the May 2025 high of $2.65. However, without fresh catalysts—such as ETF approvals or favorable court rulings—the upside remains capped.

XRP Lawsuit Update: All Eyes on the Court

The future of the Ripple market continues to hinge on developments in the XRP SEC lawsuits. The outcome of the current legal motion could determine whether XRP gets a green light for institutional sales and whether pending XRP spot ETF applications gain traction.

Ripple CEO Brad Garlinghouse confirms that an XRP ETF will be traded on Wall Street, as XRPL project DopplerFi surpasses $25M in total value locked. Source: JackTheRippler via X

In a best-case scenario, Ripple’s legal clarity could send XRP value soaring, potentially revisiting the all-time high of $3.55. On the flip side, a court rejection could trigger delistings, block ETF approvals, and send Ripple currency price spiraling toward $1.50.

Outlook: Ripple Market Faces Critical Test

At the time of writing, XRP trades at $2.13, reflecting a 1.33% drop over the past 24 hours. Daily trading volume has surged by over 22%, reaching $2.25 billion, signaling heightened investor activity—though not necessarily bullish conviction.

Analysts at CoinCodex remain cautious. Their short-term XRP price prediction hovers around $2.12, with medium-term targets of $2.45 in three months and a potential climb to $3.03 in six months—assuming legal clarity and improved market conditions.

Until then, the Ripple exchange and broader Ripple crypto ecosystem will remain under intense scrutiny. XRP holders and traders are bracing for a make-or-break moment as political tensions, legal wrangling, and weakening fundamentals converge.