1. SECâRipple Settlement Rejected
A U.S. judge denied a joint motion by Ripple and the SEC to settle the lawsuit with a lighter $50âŻM penalty, maintaining the injunction and the full civil penalty .
2. Ripple Drops CrossâAppeal
Ripple announced that itâs withdrawing its crossâappeal in the SEC case, and the SEC is expected to do the sameâpotentially closing the chapter on the longârunning dispute .
đ Ecosystem & Technical Developments
1. XRPLâs EVM Sidechain Goes Live
Ripple officially launched its Ethereumâcompatible EVM sidechain on XRPL mainnet today, allowing developers to deploy EVMâbased dApps and enhancing interoperability .
2. Strong OnâChain & Trading Activity
XRP reached over 7.1âŻmillion wallets, with significant daily trade volume (~$95âŻM) in South Korea, especially through Upbit .
HODLing addresses increased by 12.8% in June, indicating growing mid-term investor conviction .
đ Price Trends & Outlook
XRP is trading around $2.20â$2.22, hovering near key resistance levels ($2.25â$2.30). Many analysts point to a bullish âfalling wedgeâ breakout setup .
A fresh wave of optimism is tied to the legal developments and the potential for XRP spot ETFs, with some predictions expecting 5â15% upside in July .
đ What to Watch Next
Regulatory Closure: Final resolution of the SEC lawsuit could trigger broader institutional interest and pave the way for ETF applications.
Price Breakout: Sustained movement beyond $2.25â$2.30 may ignite further rallies toward $2.45+.
Ecosystem Growth: Adoption of the EVM sidechain and expanding DeFi activity on XRPL could boost long-term utility.
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