XRP and Bitcoin Market Update

On June 30, 2025, significant developments in the cryptocurrency market were highlighted, particularly concerning Ripple's ongoing legal battle with the SEC and Bitcoin's market performance.

Ripple vs. SEC: Potential Case Conclusion

Ripple has decided to drop its cross-appeal against the SEC, which may lead to the SEC voting on July 3 to potentially end the case. This decision follows a recent ruling by Judge Torres regarding the Programmatic Sale of XRP. Legal experts suggest that both Ripple and the SEC are likely to dismiss their appeals soon, as they do not require court permission to do so.

Former SEC lawyer Marc Fagel indicated that while the SEC must vote to officially drop its appeal, it is expected that they will proceed with this action. The upcoming SEC Closed Meeting is crucial, as a vote in favor of dropping the appeal would allow both parties to file motions to dismiss the case entirely.

XRP Price Outlook

As of June 29, XRP's price rose to $2.2068, following a rally the previous day. The price movement is closely tied to the SEC's decisions and speculation surrounding a potential spot ETF for XRP. A breakout above $2.3389 could lead to further gains, while a drop below the 200-day EMA might test support levels around $2.00.

Bitcoin Market Dynamics

Bitcoin (BTC) also saw positive momentum, closing at $108,350 on June 29, driven by speculation regarding potential tax amendments that could benefit the cryptocurrency market. Notably, there were reports of significant inflows into Bitcoin spot ETFs, totaling $501.2 million on June 27, with major contributions from firms like Fidelity and BlackRock.

The near-term outlook for Bitcoin is influenced by various factors, including Fed rate cut expectations, geopolitical developments, and ETF flows. Analysts suggest that favorable conditions could push BTC towards its all-time high of $111,917, while adverse developments could lead to a decline below $100,000.

What to Watch

Investors are advised to monitor the SEC's announcements regarding its appeal, legislative developments, and broader market trends, as these will significantly impact the price trajectories of both XRP and Bitcoin in the near term.