XRP News and Market Analysis
On June 12, 2025, Ripple and the SEC filed a joint motion in the ongoing legal battle over XRP, seeking to finalize a settlement before a crucial court deadline on June 16. This motion aims to lift the injunction that currently prohibits XRP sales to institutional investors and to reduce a $125 million penalty imposed on Ripple. The outcome of Judge Analisa Torres' ruling is expected to significantly impact the potential approval of a US XRP-spot ETF.
Key Developments in the SEC vs. Ripple Case
As the deadline approaches, both parties have emphasized the need for a settlement to avoid further appeals. Pro-crypto lawyer Bill Morgan highlighted the importance of the joint motion, indicating that a rejection could lead to continued legal battles that may complicate the approval of XRP-spot ETFs. In July 2023, Judge Torres ruled that programmatic sales of XRP did not meet the criteria of the Howey Test, allowing ETF issuers to file applications with the SEC.
XRP Price Movements
On June 12, XRP's price fell by 3.53%, closing at $2.1910, as the broader crypto market experienced a decline. The total market capitalization dropped by 3.02% to $2.27 trillion. Analysts suggest that XRP's near-term price trends will be heavily influenced by legal rulings and ETF-related news. A break above the 50-day EMA could lead to a retest of resistance levels at $2.50 and $2.6553, while a drop below the 200-day EMA could expose XRP to sub-$2 levels.
Bitcoin's Reaction to Geopolitical Events
Bitcoin also faced downward pressure, dropping 2.17% on June 12 amid rising geopolitical tensions following military strikes by Israel on Iran. This situation raised questions about Bitcoin's status as "digital gold." Despite initial boosts from softer US economic data, Bitcoin's price fell to $105,828, reflecting investor sentiment amid the unfolding crisis.
ETF Flow Trends and Market Outlook
The US BTC-spot ETF market saw significant outflows, with Fidelity's Bitcoin Fund experiencing net outflows of $197.2 million. These trends are critical for Bitcoin's price discovery and reflect shifts in investor confidence. The short-term outlook for Bitcoin remains contingent on geopolitical developments, legislative news, and ETF flows, with potential scenarios ranging from bearish to bullish based on these factors.
Conclusion
Investors are advised to closely monitor the upcoming court ruling in the Ripple case, as well as developments in the Middle East and ETF flow trends, as these elements will be crucial in determining the future price movements of both XRP and Bitcoin.