XRP News Today: ETF Odds Drop Amid Legal Setbacks; Bitcoin Holds Steady

Published: June 11, 2025

Key Highlights

• ETF approval odds for XRP fall to 85%, trailing behind Solana and Litecoin.
• Legal uncertainty reignites as Judge Torres denies SEC's request, impacting XRP's price.
• Bitcoin remains stable near $110K, supported by US-China trade talks and ETF inflows.

Legal Developments in the SEC vs. Ripple Case

Investor attention has shifted back to the ongoing SEC vs. Ripple case, particularly with a critical deadline approaching. The US Court of Appeals had previously granted a 60-day abeyance on the SEC’s appeal, allowing Ripple and the SEC to explore a potential settlement regarding Judge Torres’ Final Judgment. Proposed terms included lifting the injunction on XRP sales to institutional investors and reducing the $125 million penalty.

However, Judge Torres denied the SEC's request for an indicative ruling on these terms, leading to renewed legal uncertainty. The SEC is required to submit a status report by June 16, and if they fail to convince the courts to modify the injunction or penalty, Ripple may proceed with its cross-appeal.

XRP Price Movements

Following the legal developments, XRP's price dropped from $2.6553 on May 12 to a low of $2.0607 by June 5. Although it has since recovered to around $2.30, it remains significantly below its 2025 high of $3.3999, highlighting the ongoing impact of the lawsuit.

ETF Prospects and Market Sentiment

Speculation around ETF approvals has added complexity to market sentiment. Bloomberg Intelligence analyst Eric Balchunas indicated a potentially active summer for altcoin-spot ETFs, with Solana likely leading the charge. However, the chances of an XRP-spot ETF approval in 2025 are currently estimated at 85%, which is lower than for other cryptocurrencies like Litecoin and Solana. This could further decline if Judge Torres denies additional SEC requests.

Bitcoin's Stability Amid Trade Talks

While XRP faced volatility, Bitcoin (BTC) has remained steady around $110K, buoyed by positive sentiment from ongoing US-China trade discussions. Although no significant breakthroughs have been reported, optimism surrounding a potential agreement has supported BTC demand.

GameStop has also made headlines by acquiring 4,710 BTC, aiming to adopt a strategy similar to MicroStrategy's. This growing interest in Bitcoin as a treasury reserve asset could further tighten supply, contributing to bullish market conditions.

Market Outlook

As of June 10, BTC closed at $110,254, with short-term price movements dependent on legislative developments, US inflation data, and ETF flows. Potential scenarios include:

• Bearish Scenario: A failed US-China trade deal, legislative setbacks, rising inflation, and ETF outflows could push BTC towards the 50-day EMA and $100,000.
• Bullish Scenario: A successful trade deal, bipartisan support for crypto legislation, softer inflation, and ETF inflows could drive BTC above its all-time high of $111,917.

What to Watch

Investors should keep a close eye on court filings related to the Ripple case, legislative updates, US-China trade negotiations, and ETF flow data, as these factors will significantly influence the price trajectories of XRP and BTC.