👀 Potential scenario:
On June 5, XRP traded at $2.20, down 2.36% over 24 hours. The cryptocurrency community is still busy discussing XRP's role in cross-border payments, Ripple's partnerships, and regulatory challenges.
The ongoing lawsuit between the U.S. Securities and Exchange Commission and Ripple may face delays as neither party has yet properly resubmitted their motions before the June 16 deadline. Previously, a proposed settlement to reduce Ripple's penalty to $50 million was rejected due to procedural errors. If no motions are resubmitted by June 16, the court may restart the case proceedings. If there is a pending motion, the process may extend for 60 days. Rumors suggest a potential settlement in favor of Ripple, with an announcement expected around June 13, although nothing has been confirmed. Meanwhile, the price of XRP has dropped by about 8.8% over the past week amid legal uncertainty.
✅Support and resistance levels
Currently, the support level is at 2.1400.
Resistance levels are currently at