XRP News Today: SEC Silence on Ripple Case Fuels Bearish Turn for XRP; BTC at $104k

#Xrp🔥🔥

xrp slid over 4% as the SEC remained silent on Ripple post-Binance dismissal, dashing settlement hopes.

#XRP s ETF approval odds surged to 84% despite legal uncertainty surrounding SEC appeal developments.

US-China trade tensions and rare earth disputes pressured BTC, fueling outflows from #BTC -spot ETFs.

The SEC vs. #Binance case took center stage on Thursday, May 29, impacting sentiment toward the Ripple case and XRP demand. Binance and the SEC filed a joint motion, seeking to dismiss the case, likely after the SEC’s final closed meeting of 2025 (according to the SEC’s Meeting and Events page). Binance reacted to the dismissal, stating:

“Today is a big day for #Binance , crypto, and the U.S. With the dismissal of the Securities and Exchange Commission’s long-standing case against us, one chapter closes, but a more promising one begins. This legal decision is a signal to the world: The U.S. is serious about innovation again. […] Would the SEC walk away from a case like this if there were still fire behind the smoke, with some of the Commission’s concerns remaining unaddressed? Unlikely.”