XRP’s Legal Battle Nears Potential Resolution as SEC Seeks Pause in Appeals
The U.S. Securities and Exchange Commission (SEC) has taken a significant step toward potentially resolving its long-running lawsuit against Ripple by requesting the 2nd Circuit Court to hold appeals in abeyance. A status report filed on June 16, 2025, reveals that both parties are awaiting a district court order that could modify the final judgment terms. This development signals progress in a case that has been closely watched by the cryptocurrency community. Despite the legal advancements, XRP's price recovery has stalled, with market reaction remaining muted. However, institutional interest in the digital asset persists, indicating continued confidence in its long-term potential. The outcome of this lawsuit could have far-reaching implications for XRP's future trajectory and the broader regulatory landscape for cryptocurrencies.
SEC Seeks Pause in XRP Appeals as Ripple Lawsuit Nears Potential Settlement
The U.S. Securities and Exchange Commission has requested the 2nd Circuit Court to hold appeals in abeyance, signaling potential progress toward resolving its long-running lawsuit against Ripple. A status report filed June 16 indicates both parties await a district court order that could modify final judgment terms.
Market reaction remains muted as XRP's price recovery stalls. Institutional interest persists but awaits clearer regulatory resolution. The absence of U.S.-based XRP ETF development continues to weigh on investor sentiment, despite Canada's Purpose Investments launching the first XRP ETF earlier this year.
Legal observers anticipate Judge Torres may approve settlement terms before the SEC's August 15 deadline for its next status report. The outcome could set precedent for how regulators approach altcoin classification moving forward.
Stablecoin Clearing Startup Ubyx Raises $10M to Tackle Market Fragmentation
Ubyx, a London-based fintech founded by former Citigroup executive Tony McLaughlin, has secured $10 million in seed funding to develop a global clearing system for stablecoins. The round was led by Galaxy Ventures, with participation from Coinbase Ventures, Founders Fund, Paxos, and VanEck.
The startup aims to solve the persistent fragmentation in the stablecoin market by creating a unified redemption infrastructure. Currently, each issuer must build proprietary off-ramps—a costly and inefficient process. Ubyx's solution WOULD allow multiple stablecoins to be redeemed at par value through bank or fintech accounts, mirroring how small banks issue Visa cards without maintaining merchant networks.
Key issuers including Ripple, Paxos, Transfero, and Monerium have already joined the platform. The system could help stablecoins meet accounting standards for cash-equivalent treatment, removing a critical barrier to institutional adoption. "Ubyx enables a pluralistic market structure with multiple issuers, multiple blockchains, and multiple currencies in a global, interoperable network," said McLaughlin.
XRP Whale Shifts 40% of Portfolio to New Layer 1 Blockchain, Sparking Speculation of 25,000% Surge
A prominent XRP investor, known for timing the asset's historic rally, has reallocated 40% of holdings to an emerging LAYER 1 blockchain called Kaanch. The move coincides with the project's final presale stage, where tokens are priced at $0.32 before doubling to $0.64 in the next phase. Over $2.2 million has been raised, with just 58 million tokens remaining.
Market observers interpret the whale's pivot as a bullish signal for Kaanch's potential to disrupt existing Layer 1 networks. The project has garnered retail and institutional interest ahead of its BitMart listing, where tokens will debut at $30—a 9,275% premium to the current presale price.
XRP Price Prediction: Technical Breakout Looms Amid Mixed Signals
XRP faces a critical juncture as it tests key resistance levels following a volatile week. The token retreated to $2.23 after failing to sustain momentum above $2.35, with on-chain data revealing institutional profit-taking at supply zones. Bearish divergences in RSI and MACD indicators contrast with sustained bullish signals in the Vortex Indicator, creating market uncertainty.
Analysts note the $2.60 target remains plausible by June if buying pressure resurges. 'The market needs to absorb this distribution phase,' observes a Brave New Coin analyst tracking the XRPLX index. Recent price action suggests both institutional accumulation and profit-taking are occurring simultaneously—a hallmark of transitional market phases.
XRP Forecasted to Reach $10,000 By 2027: Liquidity Efficiency Thesis Sparks Debate
Jake Claver of Digital Ascension Group projects XRP could surge to $10,000 by 2027, citing its institutional utility in high-value liquidity transfers. The controversial prediction hinges on Ripple's network efficiency - higher token prices would reduce the volume needed for trillion-dollar transactions, theoretically unlocking $585 trillion in global liquidity.
Critics counter with market cap realities and compressed timelines. Claver's analysis draws from Ripple CTO David Schwartz's principle: at $10,000 per XRP, moving $1 trillion would require just 100 million tokens versus 1 trillion tokens at $1 valuations. The network's programmed scalability for institutional flows forms the core argument.
Ripple’s $125M Penalty Deal With SEC Stalls: Court Approval Still Pending
The legal battle between Ripple Labs and the U.S. Securities and Exchange Commission (SEC) has hit another delay. Both parties filed a joint request with the Second Circuit Court to pause appeals pending a critical district court ruling. The proposed $125 million settlement includes a $50 million payment to the SEC, with the remainder returning to Ripple.
The district court must still determine whether "exceptional circumstances" justify modifying the final judgment. The settlement hinges on dissolving an existing injunction and releasing the escrowed penalty. A status report from the SEC is due by August 15, 2025, leaving the crypto community in suspense.
