Is XRP About to Breakout or Just Break Down? The June 16 Drama Unfolds! 😱

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So, XRP was on a little joyride until June 10, cruising alongside its altcoin buddies, but guess what? It’s taken a nosedive! 🚀💔 The crypto market decided to paint itself red again, and trade fears are back in fashion. Who knew fear could be so trendy?

And why, you ask? Well, our favorite reality TV star, Donald Trump, has decided to drop some unilateral tariffs like they’re hot. 🔥 He’s planning to send out final tariff offers to his top trade partners, because nothing says “I love you” like a good ol’ tariff, right?

This delightful news came right after the U.S. and China had a little handshake in London, which, spoiler alert, didn’t lead to world peace but did include some key agreements about rare earth minerals and letting Chinese students into U.S. universities. Because who doesn’t want to study in the land of opportunity? 📚

These developments usually ease geopolitical stress, which is great for risk assets like XRP, BTC, and ETH. But alas, optimism took a backseat because Trump decided to play the pessimistic card for the crypto sector. Surprise, surprise! 🙄

Cooling Inflation, But XRP Price Drops

Meanwhile, the U.S. CPI for May cooled down to 2.4% YoY, which is below the 2.5% forecast. Yay! 🎉 This gives us hope that the Fed might hit the brakes on interest rate hikes. Long-term positive vibes for top cryptos and altcoins like XRP, right?

On the blockchain front, XRP Ledger is now supporting tokenized U.S. Treasuries via Ondo Finance. Because why not add more complexity to our lives? 🤷‍♀️

And let’s not forget the speculation about future ETF listings, which adds a sprinkle of long-term appeal to XRP’s price. But despite all this positivity, XRP still dropped 4% to $2.23. It’s like watching your favorite show get canceled right after a cliffhanger. 😩

Ripple vs. SEC: Eyes on June 16

Now, let’s talk about the juicy stuff: XRP’s internal lawsuit drama. The XRP holders are all eyes on June 16, which is like the Super Bowl for Ripple’s ongoing legal case. 🏈

Earlier, Ripple CEO Brad Garlinghouse claimed the case was nearly resolved. But hold your horses! Judge Torres rejected a motion from both parties due to filing errors under Rule 60. Because who doesn’t love a good plot twist? 📜

4 Days to Go: SEC vs Ripple

The Ripple vs. SEC case could finally end on June 16.

This case has been a cloud over $XRP for years but a resolution could unlock massive institutional interest, ETF momentum, and global regulatory clarity.

The countdown is on.

— John Squire (@TheCryptoSquire) June 12, 2025

Now, the SEC has to submit a status update to the U.S. Court of Appeals. Not a final verdict, but it could change the game. 🎲

But remember, any settlement still needs Judge Torres’s stamp of approval, which could take a while. Patience is a virtue, right? 🙃

XRP Price: What Comes Next?

Experts are saying June 16 might not bring the XRP price rally we’re all dreaming of. Most of the legal optimism is already baked into the price. 🍰

But if there’s a delay, it could put some downward pressure on XRP. On the flip side, positive court signals might just lift our spirits. 🌈

Currently, XRP shows a 0.91 correlation with Bitcoin. So, it’s basically waiting for BTC to break through $112K before making its big move. Talk about playing hard to get! 😏

Recently, XRP faced rejection at $2.33. If Bitcoin decides to take a dip to $105K, XRP might slide down to $2.15 or even $2.10. Ouch! 😬


However, if Bitcoin rebounds and we get some good legal news, XRP could break through that pesky $2.33 resistance zone. Fingers crossed! 🤞

Overall, the short-term outlook is as clear as mud, while long-term holders still believe in XRP’s role in crypto finance. For now, all eyes are on Bitcoin and the courtroom drama. 🍿

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2025-06-12 15:54