📊 Price Movements
Further gains of +1.18% were recorded on June 15, driven by optimism regarding a potential settlement in the SEC vs. Ripple case.
According to an analysis from Bitget, the price of XRP could reach $5 by the end of 2025 if institutional support continues.
⚖️ Important Legal Developments
On June 16, there were significant meetings in the SEC vs. Ripple case; the SEC was required to submit a status report, and both parties requested the lifting of the institutional ban and a reduction of the fine to $50 million.
Analysts expect the final decision to be announced on June 19, despite varying opinions on the approval scenario.
Binance's blog confirmed that judicial optimism is the reason behind XRP's 2% rise today, with technical analysis suggesting a potential reach of $3.12.
🎯 Predictions and Analyses
The "Crypto Beast" analyst from TheCryptoBasic believes that XRP has not yet reached its peak, and it could rise to $8 and even $19 in this market cycle.
Other estimates suggest a conservative target ranging between $3.50 and $4.50 if the use of the XRP Ledger expands.
🔍 Quick Summary
XRP prices are witnessing an increase with positive technical signals, supported by judicial optimism and a general recovery in the cryptocurrency market.
The legal case is a crucial support; the court's decision between June 16–19 could open the door to strong price movements.
