XRP Gains Amid Ripple-SEC Case Progress, Bitcoin Holds Steady Above $105K

The long-running legal battle between Ripple and the U.S. SEC may be nearing a pivotal moment. Ripple and the SEC filed a second joint motion on June 12, requesting Judge Analisa Torres to approve a revised settlement that would lift the ban on institutional XRP sales and reduce the $125 million fine.

The SEC is expected to file a settlement status report on June 16. If progress is lacking, Ripple will proceed with its appeal response—pushing the case forward. Investors are watching closely, as Judge Torres previously rejected a similar motion just seven days after submission, suggesting a decision may come quickly.

Legal Opinions Split, But Optimism Grows

Legal experts are divided. Pro-crypto attorney Bill Morgan noted that while the new filing strengthens its arguments by citing settlement conditions and court resource savings, it still lacks claims of “exceptional circumstances” which could be necessary for approval.

Morgan stated:

“Ripple could have accepted the court’s final orders, but they wanted more. This puts pressure on the judge to accept the settlement terms as a done deal. My gut says she’ll approve it—but I wouldn’t be surprised if she doesn’t.”

CryptoLaw founder John E. Deaton estimates a 70% chance the judge will grant the motion, signaling cautious optimism among XRP supporters.

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XRP Price Outlook: $2.50 in Sight?

XRP closed up 1.18% on June 15, ending at $2.1670, outperforming the broader crypto market’s 0.43% gain. The total crypto market cap hit $2.25 trillion.

• A break above $2.20 could lead to a test of the 50-day EMA
• Sustained gains may push XRP toward $2.50 and possibly the May 12 high of $2.6553
• A drop below the 200-day EMA would shift focus to support near $1.93

📉 The daily chart still shows some bearish pressure—short-term moves will likely follow court updates and ETF news.

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Bitcoin Holds Ground Despite Geopolitical Turmoil

While XRP broke a five-day losing streak, Bitcoin (BTC) gained a modest 0.08%, closing at $105,563 on June 15. Market attention remains on the Israel-Iran conflict, which escalated over the weekend but softened slightly on ceasefire hopes.

Meanwhile, ETF flows remain strong, helping BTC maintain support above the key $100K level despite rising geopolitical risks.

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BTC Price Forecast: Watching the Headlines

BTC’s price path will depend on:

📉 Bearish Risks:

• Prolonged Middle East conflict
• Hawkish U.S. Fed projections
• ETF outflows
  These could push BTC below the 50-day EMA and $100,000

📈 Bullish Catalysts:

• Ceasefire agreement
• Pro-crypto legislation
• Continued ETF inflows
  These could drive BTC toward its all-time high of $111,917

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Conclusion:
XRP’s rally reflects growing market belief in a positive legal outcome for Ripple, while BTC remains stable amid macro uncertainty. With key court rulings, ETF updates, and geopolitical developments in play, both assets are at critical technical and fundamental crossroads.

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