Today, June 16, the Ripple vs. SEC case enters its final phase. Here are the most relevant news:
🧾 Legal agreement confirmed:
Ripple and the SEC filed a joint motion to close the case with a fine of $125 million, of which Ripple could recover $75M. This would prevent further appeals and clear the way for XRP2.
⚖️ Partial ruling by Judge Torres:
It was determined that institutional sales of XRP were securities, but sales on exchanges to the public are not. This allowed Coinbase, Gemini, and others to relist XRP in the U.S.
🐋 Whales accumulating XRP:
Firms like Trident Digital and Webus International are creating institutional reserves of XRP. Experts warn that there could be a liquidity shortage in the open market.
📈 Price Impact:
XRP is holding at $2.14–$2.18, with traders watching for technical breakouts at $2.22, $2.45, and $2.68. If the final ruling is published in the next few hours, we could see an immediate rally.
