The price of XRP, which recently experienced a rebound along with other altcoins, has fallen again. This decline has been driven by an atmosphere of uncertainty affecting the cryptocurrency market, exacerbated by fears over new global trade policies.
In particular, the announcement of unilateral tariffs by Donald Trump and their possible impact on international transactions have triggered a bearish trend. Despite some progress in negotiations between the United States and China, expectations for a swift resolution to the trade conflict have been deflated.
Amid this atmosphere, XRP investors continue to pay attention to developments within the legal and regulatory sphere. The relevance of June 16 for Ripple and XRP. One of the most anticipated events for XRP holders is June 16. This date marks a new stage in the judicial process between the SEC (U.S. Securities and Exchange Commission) and Ripple, the issuer of XRP.
Although Ripple's CEO, Brad Garlinghouse, had expressed optimism about a soon-to-be agreement, a recent rejection by Judge Torres of a key motion has delayed expectations. “4 days remaining: SEC vs Ripple. The Ripple vs. SEC case could finally conclude on June 16. This case has been shrouded in a cloud over $XRP for years, but a resolution could unlock massive institutional interest, ETF momentum, and global regulatory clarity. The countdown has begun,” expressed John Squire on X (formerly Twitter). $BTC
This legal setback has increased uncertainty, which could influence the price behavior of XRP in the short term. The SEC has to present an update regarding the case before the U.S. Court of Appeals, which could alter the resolution timelines of the trial. Although an immediate final verdict is not expected, the upcoming decision could generate changes in the market and consequently affect the price of XRP. While legal uncertainty generates volatility, there are also positive aspects that could support the price of XRP in the long term.
For example, XRP Ledger has gained relevance by enabling the tokenization of U.S. Treasury bonds through Ondo Finance. This type of innovation reinforces the utility of XRP as a transaction tool on the blockchain. The correlation of XRP with Bitcoin remains high, with a ratio of 0.91. This implies that the price of XRP tends to follow BTC's movements, meaning that any significant increase in the price of Bitcoin could be a catalyst for a rebound in XRP.
Despite positive factors, such as the recent evolution of blockchain technology and the approach to possible regulatory agreements, the short-term prospects for XRP are uncertain. In recent weeks, the price of XRP has struggled to surpass the barrier of $2.33. If Bitcoin experiences a drop to $105,000, it is likely that the price of XRP will follow a downward trend, potentially reaching $2.10. Conversely, a rebound in the price of Bitcoin along with favorable signals from the courts could lead XRP to overcome its resistance at $2.33 and pave the way for a more significant increase.
