XRP Bulls Anticipate Major Breakout Amid SEC-Ripple Legal Developments
Ripple and the U.S. Securities and Exchange Commission (SEC) have jointly requested a temporary pause in appellate proceedings until August 15, 2025, as they await a critical ruling from a New York district court. This motion seeks to vacate a 2024 injunction and redistribute $125 million in escrowed funds, with $50 million allocated as an SEC penalty and the remaining $75 million returning to Ripple. The market has responded with optimism, as derivatives traders are aggressively positioning for a potential XRP price surge. This development has sparked renewed bullish sentiment among XRP investors, who view the legal pause as a positive signal for Ripple's ongoing case. The outcome of this motion could significantly impact XRP's valuation and regulatory clarity in the cryptocurrency market. Analysts suggest that a favorable ruling may catalyze a breakout for XRP, which has been consolidating amid the prolonged legal battle. As of June 2025, the XRP community remains watchful for further updates that could shape the asset's future trajectory.
XRP Bulls Eye Breakout as SEC-Ripple Legal Pause Sparks Market Optimism
Ripple and the U.S. Securities and Exchange Commission have jointly requested a temporary halt to appellate proceedings until August 15, pending a New York district court ruling on a critical motion. The filing seeks to vacate a 2024 injunction and redistribute $125 million in escrowed funds—$50 million as an SEC penalty, the balance returning to Ripple.
Derivatives traders are positioning aggressively despite the legal overhang. XRP open interest surged past $4 billion with funding rates hitting 0.0096%, reflecting Leveraged bets on upside momentum. The token found support at its 200-day moving average near $2.09, with technical indicators suggesting accumulation.
This strategic pause marks a potential inflection point in the three-year legal battle that has weighed on XRP's market performance. The court's upcoming decision could remove a key regulatory cloud—a scenario already being priced in by derivatives markets.
XRP Price Holds Steady at $2.2 Amid Ripple-SEC Legal Delays
XRP's price remains resilient at $2.22, defying broader market weakness as trading volume spikes 160% to $5 billion. The consolidation reflects cautious sentiment amid delayed proceedings in Ripple's landmark case against the SEC.
Legal analysts suggest the appeals process delay creates strategic accumulation opportunities. "This breather allows both retail and institutions to position before the next leg up," noted one market observer, highlighting open interest holding steady despite price stagnation.
The cryptocurrency has traded between $2-$2.5 for weeks, with today's 1% gain occurring against a backdrop of regulatory uncertainty. Futures data reveals traders remain on the sidelines, awaiting clearer signals from both courts and markets.
U.S. Senate Passes GENIUS Act to Regulate Stablecoins, Marking Crypto Industry Win
The U.S. Senate delivered a decisive bipartisan victory for the crypto industry, passing the GENIUS Act with a 68-30 vote. The legislation, now headed to the House of Representatives, establishes a regulatory framework for stablecoin issuers like Circle, Ripple, and Tether.
Democratic support proved crucial in advancing the bill, which mandates strict reserve requirements, transparency standards, and anti-money laundering compliance. Ji Kim of the Crypto Council for Innovation hailed the MOVE as "a historic step forward" for digital assets.
The regulatory clarity comes as stablecoins increasingly serve as the bridge between traditional finance and crypto markets. Passage in the House WOULD mark the most significant U.S. crypto legislation to date, potentially signaling broader acceptance of digital assets.
