The post Ripple vs SEC Lawsuit Update: XRP Price Gains 13% as Deadline Closes In appeared first on Coinpedia Fintech News
The long-running legal battle between Ripple and the U.S. Securities and Exchange Commission (SEC) continues to keep the crypto community on edge. The deadline for a crucial status report in the case has allegedly officially passed, but there’s still no confirmation from the court about whether it was submitted.
According to AI assistant Grok, a major update in the case — either a status report or a court ruling — was expected today, June 16, 2025. Based on usual court filing hours, it should have arrived by now. However, delays are possible, with the next likely dates being June 19 or even as far out as August.
Despite the legal uncertainty, XRP’s price has been on the rise. Over the past 24 hours, it has gained about 7%, moving up nicely as broader market sentiment improves. Bitcoin, Ethereum, and other major cryptocurrencies are also showing gains.
What’s Next For XRP Price?
XRP is currently trading at $2.31 on the daily chart. Over the past few days, XRP has been hovering between a support level around $2.10 to $2.25 and a resistance level between $2.31 and $2.36. This sideways movement has kept the market quiet without any major breakouts or breakdowns.
There’s also a possible head and shoulders pattern forming on the chart, which could be a bearish sign for XRP. However, this pattern would only be confirmed if the price drops below $2.25.
If Bitcoin pushes higher in the short term, XRP and other altcoins might follow with a small price jump. But any upside is likely to be limited for now, as the market waits for clearer signals.