XRP Market Update - June 2025
Author: Bob Mason
Published: June 17, 2025
Key Highlights
- XRP price surged to $2.3376 as investors anticipate a court ruling in the Ripple vs. SEC case.
- A potential settlement could lift the sales ban on XRP to institutions and reduce Ripple's $125 million penalty.
- Record levels of whale and shark wallets holding over 1 million XRP have been reached, totaling 2,700.
XRP Price Movement
On June 16, XRP experienced a notable spike as market participants awaited a significant court ruling from Judge Analisa Torres regarding the ongoing SEC vs. Ripple case. The token reached a session high of $2.3376, driven by optimism surrounding a favorable ruling on settlement terms.
The second joint motion for settlement was filed on June 12, which includes provisions to vacate the injunction against XRP sales to institutional investors and to reduce Ripple's financial penalty. This follows Judge Torres' rejection of the first motion in May, where she indicated that the arguments presented did not sufficiently demonstrate public benefit.
Market Sentiment
Market intelligence platform Santiment reported a significant increase in XRP's market activity, with an average of 295,000 interacting addresses per day over the past week, compared to a typical average of 35,000 to 40,000. The rise in whale and shark wallets indicates growing confidence in XRP's future.
Legal expert Fred Rispoli anticipates that a ruling from Judge Torres could be expected within two weeks of the filing.
Importance of the Settlement
The proposed settlement is critical as it would involve Ripple withdrawing its cross-appeal, while the SEC would drop its appeal against the ruling on Programmatic Sales of XRP. This would reinforce Judge Torres' previous ruling that such sales do not meet the criteria of the Howey Test, potentially paving the way for XRP-spot ETF approvals and driving prices higher.
XRP Price Outlook
Following a 3.25% increase on June 16, XRP closed at $2.2374, outperforming the broader market. The price trajectory is closely tied to the upcoming court ruling and any news regarding ETF approvals. A breakout above the recent high of $2.3376 could lead to a retest of $2.50 and the May 12 high of $2.6553. Conversely, a drop below $2.2 may trigger a decline towards the 200-day EMA.
Bitcoin Market Update
In parallel, Bitcoin (BTC) also saw gains, driven by optimism surrounding a potential resolution to the Israel-Iran conflict, which alleviated fears of inflationary pressures affecting central bank policies. BTC closed at $106,806, with a 1.18% increase on June 16.
Demand for US BTC-spot ETFs has been strong, with significant inflows reported, indicating a bullish sentiment in the market. The near-term price outlook for BTC will depend on geopolitical developments and ETF flows.
Conclusion
Investors are advised to monitor the court ruling in the Ripple case, legislative updates, and ETF flow trends, as these factors will significantly influence the price movements of both XRP and BTC in the near future.