Ripple’s XRP is gearing up for a potentially explosive week as two major catalysts — a crucial court decision and a looming ETF deadline — could spark a major price breakout. 🔥
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⚖️ Legal Battle Nearing Conclusion?
Ripple and the SEC jointly filed a motion on June 12, requesting Judge Analisa Torres to issue an indicative ruling that could:
Lift the injunction on institutional XRP sales 🛑➡️✅
Reduce Ripple’s penalty from $125M to $50M 💸
Possibly end all appeals if granted 🤝
This could finally close the chapter on a legal battle that’s loomed over XRP since 2020.
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⏳ ETF Decision Approaching Fast
The deadline for Franklin Templeton’s spot XRP ETF is set for June 17 🗓️.
If approved, this would mark a historic milestone, making XRP one of the first altcoins after Bitcoin and Ethereum to gain ETF approval. ✅📊
Odds of approval in 2025 are high (~88%), but short-term approval chances this month are slimmer (~26%) — still, investors are watching closely. 👀
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📊 Market Action: Calm Before the Storm?
XRP is currently trading between $2.17 and $2.26, forming a tight coil between support at $2.09 and resistance at $2.33 🔁.
This type of setup often precedes major moves — either a breakout or a breakdown.
📈 Bullish Scenario:
Break above $2.33 could push price to $2.50+
📉 Bearish Risk:
Drop below $2.20 may lead to $2.10 or lower
Technical indicators like RSI (~49) and narrowing Bollinger Bands suggest increased volatility is coming soon ⚠️.
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🧠 What to Watch This Week:
👨⚖️ Judge Torres' ruling (any day now)
📝 SEC update to appeals court – due June 16
💼 Franklin Templeton ETF decision – due June 17
💹 Breakout or breakdown in XRP price charts
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🎯 Final Thoughts
XRP is sitting at a make-or-break moment — with legal clarity and ETF approval potentially aligning, a major price surge could be on the horizon. 🌅
But if delays or setbacks occur, expect short-term selling pressure. 📉
Strap in — this week could be the one XRP investors have been waiting for. 🛫🚀
#XRP #CryptoNews #Ripple #ETFs #CryptoMarket $XRP