XRP News Summary - June 27, 2025
Key Developments:
- Judge Torres denies Ripple and SEC's joint motion regarding XRP's institutional sales ban and penalty.
- Ripple faces a critical deadline in August to decide on a cross-appeal against the SEC.
- A potential Supreme Court case looms if both parties proceed with their appeals.
SEC vs. Ripple Case Overview
On June 26, 2025, Judge Analisa Torres issued a ruling that unsettled XRP investors by denying a joint motion from Ripple and the SEC. The motion sought an indicative ruling on settlement terms, which included lifting the ban on XRP sales to institutional investors and reducing the penalty to $50 million. Ripple's Chief Legal Officer, Stuart Alderoty, stated that the ruling places the decision back in Ripple's hands, allowing them to either dismiss their appeal or continue pursuing it. He emphasized that XRP's legal status as a non-security remains unchanged.
Future Implications for Ripple and XRP
Ripple has until August to determine whether to proceed with its cross-appeal. If they choose to appeal, the SEC may also pursue its appeal regarding the programmatic sales of XRP. A previous ruling by Judge Torres indicated that these sales did not meet the criteria of the Howey Test, which could protect XRP from SEC regulation. However, if the SEC's appeal is successful, XRP could be classified as a security, leading to potential delistings from US exchanges and impacting ETF applications related to XRP.
XRP Price Movement
Following the court ruling, XRP's price fell by 3.76% to close at $2.1042, underperforming the broader crypto market. The price outlook for XRP is closely tied to Ripple's decisions regarding the appeal and developments related to XRP-spot ETFs. A breakout above $2.2 could lead to a test of the June 16 high of $2.3389, while a drop below the 200-day EMA could push prices below $2.
Broader Market Impact
The ruling also affected the overall crypto market, with Bitcoin (BTC) ending a three-day winning streak. Despite the negative sentiment from retail investors, institutional demand for Bitcoin remains strong, with significant inflows into BTC-spot ETFs. Notable inflows included $32.9 million into the Fidelity Wise Origin Bitcoin Fund and $25.2 million into the Bitwise Bitcoin ETF.
Market Outlook
Investors should monitor developments in the Ripple case, legislative updates, and ETF flows, as these factors will significantly influence near-term price trends for both XRP and BTC. The potential for a Supreme Court case adds another layer of complexity to the ongoing legal battle between Ripple and the SEC.
Author: Bob Mason, with over 28 years of experience in the financial industry, focusing on currencies, commodities, and global equities.