Why is XRP Price Going Up Today?

The price of XRP has climbed 7% in the past 24 hours, reaching $2.32, as crypto markets turn green amid growing chatter over easing tensions in the Middle East and important developments in the long-running Ripple vs. SEC lawsuit.

After recent market uncertainty caused by the Israel-Iran conflict, crypto prices are starting to recover. XRP, in particular, has seen a strong upswing, with trading volume doubling during this price jump. The token has not only erased the losses from last week’s selloff but has also reclaimed its key price zone around $2.30.

A big reason behind XRP’s rally is the crucial court deadline today, June 16, 2025, in the Ripple vs. SEC case. If both parties fail to submit a corrected motion by the end of the day, the case could move to a full appeal, dragging the matter out for months. However, if they manage to settle or file the needed documents, it could lead to a favorable outcome for Ripple — possibly classifying XRP as a non-security for retail sales. This could open the door for XRP-backed financial products like ETFs and settle the lawsuit by mid-2025.

There’s also fresh ETF news. Purpose Investments, a major asset management firm, may have received its final prospectus receipt, potentially clearing the way to launch its XRP ETF soon. If approved, this would be a major milestone for XRP adoption in traditional markets.

Adding to the positive sentiment, former CFTC Chairman Christopher Giancarlo recently revealed that U.S. regulators are actively discussing the idea of Bitcoin and XRP-backed bonds. This news has excited investors, boosting market confidence around XRP’s future potential.