1. Strong optimism regarding a potential settlement with the U.S. Securities and Exchange Commission (SEC)
Binance News reported that the price rose by 2% today, reaching $2.25, with increasing optimism regarding a potential settlement involving a $50 million payment instead of the previous $125 million fine.
On June 16, the SEC's report submission deadline for the court increased anticipation; analysts indicated that Judge Analisa Torres's decision might be issued in the following days (~June 19).
2. Bullish technical signals on the chart
XRP shows a well-known pattern called a 'failing wedge', which is a bullish reversal pattern, and crossing the resistance line at ~2.25 dollars is expected to push the price towards $3.12 (+40%).
As FXEmpire analysis suggests, there are upward chances above the moving averages (50 and 200 days) towards levels of $2.50–$2.65.
3. Positive trading including the overall market
Bitcoin's price rose to $107,000 and Ethereum increased by about 4%, boosting market activity, with the Crypto Fear & Greed Index recording a value of 61 (greed trend), supporting XRP's rise.
4. Favorable legal insights
Attorney John Deaton sees the likelihood of a settlement acceptance at about 70%, which boosts confidence in closing the SEC case soon.
With the possibility of a pro-settlement ruling during the week, the price rise seems healthy in this context.
---
💡 The broader context
Factor Expected impact
Settlement or case closure Lifting the ban on selling XRP to institutions and increasing regulatory clarity
Receiving a special XRP ETF Significant capital influx if approved
Ongoing technical support Provides a bullish target of ~3 dollars if resistance is surpassed
---
✅ Summary
The current rise of XRP is driven by concentrated expertise: optimism regarding a potential legal settlement, clear technical support through bullish patterns, and positive momentum from the broader market. All these factors combine in a scenario that could push the price to levels between $3.00–$3.50, especially if the settlement is reached before the end of the week.
---
Would you like to follow XRP's movements during the settlement days? Or would you like to analyze support and resistance levels in detail? I'm here to support you!