XRP Market Update: Upcoming Court Decision Impacts ETF Prospects and $2 Price Support.
Following Judge Torres' denial of the Ripple-SEC joint motion on settlement terms, XRP experienced an 18% decline, impacting investor confidence.
The Securities and Exchange Commission is required to submit a settlement status update by June 16th, a critical juncture for Ripple's legal strategy and the price of XRP.
Ripple seeks to resolve the institutional sales ban on XRP and mitigate the $125 million penalty through a potential settlement.