The long-running legal battle between Ripple and the U.S. Securities and Exchange Commission (SEC) continues to keep the crypto community on edge. The deadline for a crucial status report in the case has allegedly officially passed, but there’s still no confirmation from the court about whether it was submitted.
According to AI assistant Grok, a major update in the case — either a status report or a court ruling — was expected today, June 16, 2025. Based on usual court filing hours, it should have arrived by now. However, delays are possible, with the next likely dates being June 19 or even as far out as August.
Despite the legal uncertainty, XRP’s price has been on the rise. Over the past 24 hours, it has gained about 7%, moving up nicely as broader market sentiment improves. Bitcoin, Ethereum, and other major cryptocurrencies are also showing gains.
XRP is currently trading at $2.31 on the daily chart. Over the past few days, XRP has been hovering between a support level around $2.10 to $2.25 and a resistance level between $2.31 and $2.36. This sideways movement has kept the market quiet without any major breakouts or breakdowns.
There’s also a possible head and shoulders pattern forming on the chart, which could be a bearish sign for XRP. However, this pattern would only be confirmed if the price drops below $2.25.
If Bitcoin pushes higher in the short term, XRP and other altcoins might follow with a small price jump. But any upside is likely to be limited for now, as the market waits for clearer signals.
CoinPedia has been delivering accurate and timely cryptocurrency and blockchain updates since 2017. All content is created by our expert panel of analysts and journalists, following strict Editorial Guidelines based on E-E-A-T (Experience, Expertise, Authoritativeness, Trustworthiness). Every article is fact-checked against reputable sources to ensure accuracy, transparency, and reliability. Our review policy guarantees unbiased evaluations when recommending exchanges, platforms, or tools. We strive to provide timely updates about everything crypto & blockchain, right from startups to industry majors.
All opinions and insights shared represent the author's own views on current market conditions. Please do your own research before making investment decisions. Neither the writer nor the publication assumes responsibility for your financial choices.
Sponsored content and affiliate links may appear on our site. Advertisements are marked clearly, and our editorial content remains entirely independent from our ad partners.
The BGB price is showing signs of life again after spending months under pressure, with…
Humanity price delivered one of the market's more puzzling moves this week, soaring 46% intraday…
WLD price caught traders' attention after a viral announcement tied World Network's identity technology to…
Stellar (XLM) is outperforming the crypto markets, posting an 80% move in a short time…
Story Highlights The live price of the Cardano token is . Cardano price could see…
Ethereum price may be flashing weakness, but smart money appears increasingly unfazed. As ETH price…
