SEC-Ripple Lawsuit: Why June 16 Deadline Is Very Important for XRP Holders?
The Ripple-SEC suit nears a turning point as the SEC’s 60-day window to upgrade the US Court of Appeals expires on June 16, 2025. The post SEC-Ripple Lawsuit: Why June 16 Deadline Is Important for XRP Holders? appeared initially on Coinspeaker.
Key Notes
The ongoing Ripple claim with the US Securities and Exchange Commission (SEC) is approaching a vital due date on June 16, in which SEC’s 60-day window will expire to upgrade the US Court of Appeals. Previously, the deadline was embeded in April, however, following the joint request from both celebrations, the Second Circuit Court of Appeals accepted pause the proceedings on the condition that the SEC will file the status report by June 15. Earlier today, XRP legal representative Expense Morgan reminded of the June 16 due date can be found in 12 days, and could result in a last conclusion in this case. Failure to act by the due date would result in the extension of the Appeal and Cross-Appeal process. If this takes place, Ripple will be required to send a rundown as part of the ongoing litigation, said Morgan. The count to the date the SEC should report to the Appeal Court is now 12 days. Something needs to happen already or the Appeal and Cross-appeal continues and an instruction is due from Ripple. pic.twitter.com/pxImvvJxGG— costs morgan (@Belisarius2020) June 4, 2025
Will the ripple claim come to a conclusion?
After several considerations in the Ripple claim, the legal neighborhood remains divided on whether or not the case will reach the finish line. Some analysts suggest the Ripple-SEC case might reach a settlement before the appeal progresses further. One such commentator, called “The Genuine Remi Relief,” asserts that the SEC and Judge Torres have actually already reached a contract in the lawsuit. According to this claim, the official announcement is expected on Friday, June 13, 2025. Update: Still waiting for the confirmation however all my OGs know the method I roll … My information is your details The SEC Ripple & Torres have all concerned an agreement/conclusion. From what I understand, Ripple wound up getting a much better deal. The announcement date will be Friday June … https://t.co/lLFECmzVSh— The Real Remi Relief ✝ (@RemiReliefX) June 3, 2025
Amid these advancements, the opportunities of XRP ETF approval by the end of 2025 hit 98%, based on Polymarket data. This marks a robust 23% gain over the past month, attained regardless of duplicated delays by the securities regulator.
What takes place to xrp rate amid suit advancement?
XRP cost XRP $2.21 24h volatility: 1.2% Market cap: $129.87 B Vol. 24h: $1.89 B has actually underperformed the altcoins market, and hasn’t rather been up to investors’ expectations, currently flirting around $2.2. On the technical chart, the formation of an inverted cup-and-handle pattern recommends that the Ripple cryptocurrency could face a possible 19% decrease. The bearish pattern for XRP suggests a rate target equivalent to the depth of the cup as displayed in the image listed below. Should the rate fall listed below the $2.13 assistance level, Ripple might deal with a 19% decline, dropping to $1.71. This level represents an important multi-month assistance zone that XRP has consistently protected since November 2024.
XRP rate inverted cup and manage
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