👀 Possible scenario:
On June 5, XRP traded at $2.20, down 2.36% in 24 hours. The crypto community remains engaged in discussions about XRP’s role in cross-border payments, Ripple’s partnerships, and regulatory challenges.
The ongoing US SEC vs. Ripple lawsuit may face delays as both parties have yet to properly refile their motions ahead of the June 16 deadline. Previously, a proposed settlement to reduce Ripple’s penalty to $50 million was rejected due to procedural errors. If no motion is refiled by June 16, the court may restart the case briefing. If a motion is pending, the process could extend by 60 days. Rumors suggest a possible settlement favoring Ripple, with an announcement expected around June 13, though nothing is confirmed. Meanwhile, XRP’s price has dropped about 8.8% over the past week amid the legal uncertainty.
✅Support and Resistance Levels
Now, the support level is located at 2.1400.
Resistance levels is now located at 2.3
