XRP News Today: Court Ruling Looms as ETF Hopes and $2 Support Hang in Balance

XRP has fallen 18% since Judge Torres denied Ripple-SEC joint motion on settlement terms, rattling investor confidence.

The SEC must file a settlement status update by June 16, a pivotal moment for Ripple's legal strategy and XRP price action.

Ripple aims to lift XRP's institutional sales ban and reduce the $125M penalty as part of a potential settlement.

SEC vs. Ripple: Court Deadline Looms

The SEC vs. Ripple case took center stage on Thursday, June 5, as a pivotal court deadline loomed. In April 2025, the US Court of Appeals granted a joint motion to hold the SEC’s appeal in abeyance to enable progress toward a settlement. According to the court ruling, the SEC must file a status report on the settlement by June 16.

However, since the court ruling, Judge Analisa Torres denied an SEC and Ripple joint motion for an indicative ruling on settlement terms on May 15. These terms included lifting the ban on XRP sales to institutional investors and lowering the $125 million penalty.

A favorable indicative ruling on settlement terms is crucial for Ripple to drop its cross-appeal and the SEC to withdraw its appeal against the Programmatic Sales of XRP ruling.

XRP Price Outlook: Court Filings and ETF News

XRP slid 4.81% on Thursday, June 5. Following Wednesday’s 1.96% decline, XRP closed at $2.0959, its lowest since April 21. Notably, the token underperformed the broader market, which declined 3.63% to a total crypto market cap of $3.13 trillion.

XRP’s near-term price outlook hinges on legal-related updates and spot ETF-related news.

A break above $2.20 could signal a climb toward $2.5 and the May 12 high of $2.6553. A sustained breakout from $2.6553 may open the door to retesting $3 and the record high of $3.5505. Conversely, a drop below $2 and the 200-day EMA could expose XRP to the $1.9299 support level.#RippleSECSettlement