$BTC XRP News Today: XRP Price Dips as ETF Hopes Ride on SEC Court Filing; BTC at $108k
Key Points:
XRP investors eye June 16 as the SEC must file a court update—will a settlement breakthrough emerge?
A withdrawn SEC appeal could open the door to long-awaited XRP-spot ETF approvals in the US.
XRP holds support despite legal headwinds; bullish traders target $2.65 and potentially $3 in coming weeks.
SEC vs. Ripple: Court Deadline Fast Approaching
Market focus remained on the ongoing SEC vs. Ripple case on Wednesday, June 11, as a Court of Appeal’s deadline fast approached. Significantly, the SEC must submit a settlement progress report to the Court of Appeals by June 16. However, there has been scant progress toward a settlement since Judge Analisa Torres rejected the SEC’s request for an indicative ruling on settlement terms.
The hope that the SEC will file a second request for an indicative ruling has waned, though the agency is known for last-minute motions. In April, the SEC filed its motion for a 60-day abeyance the same day Ripple was scheduled to file its appeal-related opening brief.
