XRP News Summary - June 5, 2025

Author: Bob Mason

Published: June 5, 2025, 01:00 GMT+00:00

Key Points

• XRP is underperforming amid ETF speculation and ongoing legal risks, closing at $2.2XXX.
• The lack of communication from the SEC and Ripple is creating uncertainty as investors await a refile before the June 16 deadline.
• A failed refile could lead to the 2nd Circuit resuming briefing, extending XRP's legal challenges into Q3.

Legal Context

The SEC vs. Ripple case is approaching a critical June 16 deadline, causing anxiety among investors due to the absence of court filings. On May 15, Judge Analisa Torres denied the SEC’s request for an indicative ruling to vacate the injunction against XRP sales to institutional investors and to reduce the $125 million penalty. The outcome of Ripple’s cross-appeal and the SEC’s appeal is contingent on Judge Torres approving the proposed settlement terms.

On April 16, the 2nd Circuit agreed to hold the SEC’s appeal in abeyance, which has added to the uncertainty surrounding XRP's future. The market is particularly sensitive to the timing of any second request for an indicative ruling on the settlement, which could significantly impact XRP's demand.

Market Reaction

Since Judge Torres rejected the first joint motion, XRP has seen a 14% decline, contrasting with a 1.2% drop in the broader crypto market. This indicates that legal uncertainties are disproportionately affecting XRP's price.

Expert Opinions

Legal expert Fred Rispoli commented on the situation, noting the SEC's silence and the implications for the 2nd Circuit's response. He emphasized the importance of a timely refile before the June deadline, warning that failure to do so could lead to a restart of the briefing process in the 2nd Circuit.

Rispoli also highlighted the need for both parties to demonstrate public interest in their settlement discussions, as Judge Torres previously rejected the motion due to procedural issues and lack of public benefit.

XRP Price Outlook

As of June 4, XRP dropped 1.96%, closing at $2.2018. The token's near-term outlook is heavily influenced by legal updates and news regarding spot ETFs. A breakout above $2.50 could lead to a target of $2.6553, while a drop below $2.1 could push XRP below $2 for the first time since April 11.

Broader Crypto Market Context

While XRP faces legal challenges, Bitcoin (BTC) is experiencing selling pressure due to stalled legislative progress, leading to profit-taking among investors. Recent developments in state-level support for BTC and altcoins have been slow, despite some isolated approvals.

On June 3, BTC-spot ETF inflows helped mitigate losses, with $375.1 million in net inflows reported, snapping a three-day outflow streak. However, investor sentiment remains cautious as trade talks and economic data loom.

What to Watch

Investors should keep an eye on updates related to the Ripple case, US crypto legislation, key labor market data, and signals from the Federal Reserve. These factors will continue to influence sentiment across XRP and BTC, potentially determining whether these tokens can reach recent highs.