Ripple News Today: Ripple Faces Crucial Court Countdown as XRP Lawsuit Nears SEC Motion Deadline

As the long-running legal standoff between Ripple Labs and the U.S. Securities and Exchange Commission (SEC) approaches another pivotal juncture, XRP holders and crypto market observers are bracing for potential volatility.

With the SEC expected to file a court update by June 16, this week could shape the future trajectory of both Ripple’s legal standing and XRP price performance.

SEC Status Report Deadline Looms

The U.S. Court of Appeals has set a June 16 deadline for the SEC to submit a report detailing the progress of its potential settlement with Ripple. This procedural update, while not a final verdict, may determine whether the XRP lawsuit is heading toward resolution—or further delay.

The long-running Ripple vs. SEC case could reach a pivotal resolution on June 16, potentially unlocking institutional interest, ETF momentum, and regulatory clarity for XRP. Source: John Squire via X

The upcoming filing is seen as a critical checkpoint following Judge Analisa Torres’s earlier rejection of a joint motion filed improperly under Rule 62.1. However, legal experts, including attorney Fred Rispoli, suggest that Ripple and the SEC may submit a revised motion under Federal Rule of Civil Procedure 60—this time with hopes of lifting the existing injunction and reducing the civil penalty from $125 million to $50 million.

“If the motion is submitted before the deadline, it could buy both parties an additional 60 days to prepare their next status report,” Rispoli noted in a June 12 post on X.

Market Sentiment Clouds XRP Price

XRP has seen muted price action leading up to the legal deadline. As of Thursday, the Ripple currency price dropped 3% to around $2.25. Trading volumes have thinned, and investors remain cautious amid legal ambiguity. Analysts attribute the downturn partly to mild sell-offs across the broader crypto market and dwindling buying support.

XRP was trading at around $2.25, down 3.43% in the last 24 hours at press time. Source: XRP Liquid Index (XRPLX) via Brave New Coin

Despite the price slide, data from Coinglass suggests underlying market activity remains active in derivatives. While spot volumes dipped, XRP’s derivatives trading volume surged 9.6% to $5.06 billion, indicating that traders are preparing for increased volatility as the SEC motion deadline approaches.

Technically, XRP is coiling near its 20-day moving average, currently sitting in a narrow band between $2.09 and $2.33. According to technical analysts, compression of Bollinger Bands signals a potential breakout. A bullish move above the $2.30 zone could open the door to a retest of $2.50, while failure to hold support at $2.20 might see the asset dip toward $2.10.

Rule 60 Motion: Ripple’s Best Shot?

Legal analysts argue that filing under Rule 60 is Ripple’s strongest remaining option for seeking relief from a court-imposed injunction that has precluded it from pursuing a U.S.-based IPO. Former SEC attorney James Farrell emphasized the importance of this step, noting that Ripple could remain barred from public listing for at least four years unless the injunction is lifted.

Ripple and the SEC’s Rule 60 motion may delay settlement as appeals continue. Source: Abraham Liim via X

Farrell stated, “Ripple must convincingly show why the penalty should be reduced and the injunction withdrawn. Without that, its growth—especially in the U.S.—will remain severely constrained.”

Judge Torres has already rejected an earlier motion, but did leave the door open for reconsideration if exceptional circumstances are demonstrated. While a final ruling may take longer, the submission of a proper Rule 60 motion could reshape the legal landscape.

Ripple Pushes Forward Despite Legal Cloud

While the XRP lawsuit drags on, Ripple continues to expand its global reach. The company recently partnered with the Japan External Trade Organization (JETRO) to provide grant funding of up to $200,000 per project for Web3 startups. This move is designed to strengthen XRP’s role in decentralized finance, tokenization, and cross-border payments.

Moreover, Ripple is pursuing a banking license to power XRP-based payment solutions in new markets. This development is seen as key to boosting Ripple crypto adoption and expanding Ripple ledger utility across international corridors.

In a parallel effort, Ripple introduced RLUSD—a new stablecoin aimed at resolving inefficiencies in traditional payment systems. Analysts believe this could increase XRP value and add another layer of functionality to the Ripple exchange network.

Outlook: Cautious Optimism or More Delays?

Though some XRP enthusiasts—often called the XRP Army—are bullish on the token’s long-term future, legal uncertainty continues to cloud short-term forecasts. On prediction platform Polymarket, the probability of an XRP ETF approval by the end of 2025 sits at 86%, with a 26% chance of approval by the end of July.

Filing the Rule 60 motion by Monday could earn Ripple and the SEC a 60-day extension; without it, their June 16 update may fall flat. Source: Fred Rispoli via X

For now, the June 16 filing is not expected to be a game-changing announcement on its own. However, if a Rule 60 motion is accepted or if the SEC signals withdrawal of its appeal, XRP price could respond with renewed upward momentum.

Still, investors are being reminded that resolution won’t come overnight. As one analyst put it, “We’re nearing the end—but it’s still a legal marathon, not a sprint.”

Final Thoughts

Ripple news continues to dominate headlines in the crypto world as the SEC Ripple lawsuit enters what could be its final procedural chapter. Whether June 16 marks a turning point or simply another extension remains to be seen. But one thing is clear: Ripple’s future, and XRP’s market trajectory, are closely tied to how this legal saga unfolds.