XRP News Today: Price Volatility Ahead of June 15 Court Deadline; BTC at $109k

SEC vs. Ripple: Focus Shifts to Closed Door Meeting as Court Deadline Looms

XRP tumbled as the SEC vs. Ripple case standoff deepened, with investors eyeing a crucial SEC meeting this week. The SEC’s silence after its failed bid to alter Judge Analisa Torres’ Final Judgement as part of a settlement fueled market uncertainty.

On May 15, Judge Torres rejected the SEC’s request for an indicative ruling on lifting the injunction prohibiting XRP sales to institutional investors and lowering the $125 million penalty. In the aftermath, XRP crashed from a pre-court ruling high of $2.6507 to $2.2659 by May 25. The extended pullback reflected growing investor concern over the legal impasse.

Investor focus now turns to the SEC’s closed-door meeting scheduled for Thursday, May 29. The meeting may establish the quorum needed to restart settlement discussions. Previously, Judge Torres cited both procedural errors and the SEC’s failure to convincingly argue that the proposed terms served public and institutional interests.

A potential sticking point could be whether the SEC will concede that XRP is a commodity in retail and institutional contexts. John E. Deaton, an Amicus Curiae attorney in the Ripple case representing over 70,000 XRP holders, recently commented:

“The SEC would need to publicly admit its position in the case was flawed and that XRP is a commodity, not a security.”

Thursday’s closed-door meeting is the last listed on the SEC meeting calendar before a pivotal June 15 court deadline. The US Court of Appeals previously granted a 60-day pause on the appeal process for potential settlement.

What Happens if There’s No Settlement?

If no progress is made, the court may pressure the SEC to resume its appeal, a default step. Alternatively, the court could grant an extension if both parties show good faith efforts to resolve the case.

The US Court of Appeals could also dismiss the SEC’s appeal on procedural grounds, though this remains highly unlikely. Absent a settlement, Ripple may proceed with its cross-appeal, adding further complexity to the legal landscape.

With the clock ticking, these potential legal scenarios expose XRP to increased near-term price volatility. A second request for an indicative ruling and the court’s response could be the next major catalyst for XRP.

XRP Price Outlook: Legal Risks in Focus

XRP advanced 0.57%, following Saturday’s 1.44% gain, closing at $2.3426. The token underperformed the broader market, which rose 0.95%, taking the total crypto market cap to $3.37 trillion.

XRP’s near-term outlook depends on court filings, court rulings, and updates related to XRP-spot ETFs.

Technical support sits at $2.26. A break above the May 12 high of $2.6553 could signal a move toward $3.00, with the potential to reach the record high of $3.5505.

For a deeper dive, see our full XRP forecast here.

Bitcoin Gets Tariff Relief

While XRP faces legal turbulence, Bitcoin’s (BTC) momentum is influenced by trade developments. On Sunday, May 25, President Trump announced a delay to the 50% tariff on EU goods, stating:

“I received a call today from Ursula von der Leyen, President of the European Commission, requesting an extension on the June 1st deadline on the 50% tariff with respect to Trade and the European Union. I agreed to the extension – July 9, 2025 – It was my privilege to do so. The Commission President said that talks will begin rapidly.”

BTC surged 1.65% within an hour of the announcement, climbing from $107,419 to $109,315 before easing back. Sunday’s price action reflected BTC’s sensitivity to geopolitical events and their implications for inflation and Fed policy.

State-Level Momentum Behind the Bitcoin Act

While trade news drives short-term moves, US crypto legislation may influence BTC’s longer-term supply-demand dynamics. Senator Cynthia Lummis reintroduced the Bitcoin Act in 2025. The bill proposes the US government purchase one million BTC over five years, with a mandatory 20-year holding period.

Optimism about Congress passing the bill has contributed to BTC’s recent gains. State-level support is growing. Texas lawmakers recently approved a crypto strategic reserve bill, now awaiting Governor Gregg Abbott’s signature. Arizona and New Hampshire were the first to approve Strategic Bitcoin Reserve bills and several other states have proposed similar legislation.

BTC Price Outlook: Legislation and ETF Trends

BTC climbed 1.15% on May 25, extending Saturday’s 0.46% gain to close at $109,096. The near-term outlook depends on legislative developments, trade headlines, macroeconomic indicators, and ETF inflows.

Potential scenarios:

• Bearish Scenario: Renewed trade tensions, legislation setbacks, US recession fears, and ETF outflows could drag BTC below $100,000.
• Bullish Scenario: Easing trade frictions, positive economic data, Bitcoin Act progress, and ETF inflows could drive BTC above the record high of $112,912 to target $115,000.

What to Watch

Investors should monitor legal updates in the Ripple case, crypto legislation from Washington, and key US economic indicators. These factors will likely influence market sentiment and determine whether XRP and BTC can retest recent highs.

Explore analyst forecasts on where XRP and BTC may head next amid legal and political tailwinds.