XRP’s Future Hinges on Court Decision as Ripple and SEC Seek to Lift Sales Injunction
Ripple's fundraising efforts have been significantly hampered by a court injunction prohibiting institutional XRP sales, stemming from a 2023 ruling by Judge Analisa Torres that found Ripple in violation of securities laws. The company's ability to secure private funding and remain competitive in U.S. markets is now contingent on a joint motion with the SEC to lift this restriction. Legal experts emphasize the critical nature of this decision for Ripple's future. As of June 2025, the outcome of this motion could have profound implications for XRP's market trajectory and broader adoption in the cryptocurrency space.
Ripple's Fundraising Efforts Stalled by Court Injunction on XRP Sales
Ripple's ability to secure private funding remains constrained by a court injunction prohibiting institutional XRP sales. The 2023 ruling by Judge Analisa Torres found Ripple in violation of securities laws for its past sales to institutional investors. A joint motion from Ripple and the SEC now seeks to lift this restriction, which legal experts argue is critical for the company's competitiveness in U.S. markets.
The injunction has created a significant hurdle for Ripple's capital strategy, blocking institutional sales unless compliance with securities regulations is demonstrated. Marc Fagel, a former SEC attorney, notes the severe limitations this places on Ripple's fundraising capabilities. Institutional investors, according to attorney Bill Morgan, are awaiting clearer legal guidance before engaging with the company.
Toronto Makes Crypto History with Mysterious XRP ETF Debut on TSX
Purpose Investments has launched the Purpose XRP ETF on the Toronto Stock Exchange, marking a significant milestone in cryptocurrency adoption. The ETF, trading under the ticker XRPP, provides direct spot exposure to Ripple's XRP, a first for Canada and the third such offering globally.
The fund launched on June 18 after receiving regulatory approval on June 16. It's available in three variants: CAD-hedged (XRPP), CAD non-hedged (XRPP.B), and USD-denominated units (XRPP.U), catering to diverse investor preferences.
This development expands Purpose Investments' digital asset portfolio, offering traditional market investors regulated access to XRP exposure. The physical XRP-backed structure reflects growing institutional interest in altcoin investment vehicles beyond Bitcoin and Ethereum.
SEC Initiates Formal Review Process for Franklin XRP ETF, Decision Expected by September 2025
The U.S. Securities and Exchange Commission has entered the decisive phase for approving or rejecting the proposed Franklin XRP ETF. Cboe BZX Exchange filed the proposal, which would enable Franklin Templeton to launch an ETF holding physical XRP, mirroring the structure of existing bitcoin ETFs. Coinbase Custody Trust is slated to safeguard the tokens, with pricing tied to the CF Benchmark CME XRP-Dollar Index.
Market participants now face a critical deadline: September 9, 2025. The SEC's 'Order Instituting Proceedings' marks a rigorous examination of investor protections, market manipulation safeguards, and regulatory compliance. Public commentary periods have opened, creating rare opportunities for community input on a digital asset still navigating its regulatory identity.
XRP Lawsuit Nears Potential Settlement as Legal Process Advances
The protracted legal battle between Ripple and the U.S. Securities and Exchange Commission is approaching a critical juncture, with indications pointing toward a possible settlement within weeks. Attorney Bill Morgan, closely monitoring the case, highlights the significance of an impending court ruling that could shape the final resolution.
Both parties filed a second joint motion for an indicative ruling on June 12, 2025, following Judge Torres' denial of their initial request. The subsequent joint status report submitted June 16 requested a pause in the appeal process—a strategic MOVE that legal observers interpret as paving the way for settlement discussions.
The court's decision on the pending motion represents what Morgan describes as the 'next major milestone' in this landmark case. The outcome will likely determine whether Ripple succeeds in dissolving the injunction that has shadowed XRP's market position since the SEC's initial allegations.
Analyst Predicts XRP Price Surge to $15 by July 2025, Dubbing It 'XRP Summer'
Market analyst WatersAbove has issued a bold forecast for XRP, predicting a dramatic rise to $15 by July 24, 2025. The projection comes as XRP hovers NEAR $2, a critical support level that, if breached, could signal further declines. WatersAbove argues that the cryptocurrency is on the cusp of a breakout reminiscent of its 2017 rally, when XRP surged from under $0.006 to over $3.
A multi-year fractal analysis reveals a 485-day consolidation pattern mirroring the setup before XRP's historic 2017 bull run. The initial breakout from this range already delivered a 600% gain, followed by a cooldown phase. WatersAbove suggests the next leg up is imminent, potentially propelling XRP into a new price discovery phase. The 2017 pattern saw XRP erase two zeros in three months before a temporary pullback, then a final push to all-time highs.
XRP's Potential Role in Fedwire's $1 Quadrillion Settlement System Unveiled
XRP community researcher SMQKE has highlighted the cryptocurrency's potential integration with Fedwire, the Federal Reserve's real-time gross settlement system handling over $1 quadrillion annually. This volume surpasses the U.S. GDP multiple times per year, dwarfing conventional payment networks like ACH.
Ripple's established partnerships with Finastra and Volante Technologies—key Fedwire service providers—create a direct pathway for XRP adoption. Finastra embedded Ripple's blockchain solutions in 2019, connecting 200+ RippleNet institutions to its banking network. Volante has supported XRP transactions since 2015 through its cloud-based Fedwire services.
The Federal Reserve's May 2024 ISO 20022 certification of both companies further strengthens XRP's institutional foothold. This global messaging standard adoption positions Ripple's technology as a potential bridge between legacy finance and blockchain efficiency.
