XRP Price Surges on ETF Hopes and Ripple Lawsuit Developments – Bitcoin Holds Firm Above $105K

XRP jumped sharply over the weekend, rising to a multi-week high as optimism grew over a potential XRP Spot ETF approval and a possible resolution in the long-running Ripple vs. SEC case. The surge followed the approval of the Nasdaq Crypto US Settlement Price Index (NCISU), which includes top altcoins like XRP, ADA, SOL, and XLM — sparking hopes that XRP might be next in line for ETF inclusion.

The legal momentum is also gaining speed. As the June 16 and 17 deadlines approach, analysts expect the SEC to submit a revised motion for an indicative ruling, which could lead to a full Ripple-SEC settlement. A successful motion would allow both parties to withdraw their appeals, potentially ending the high-profile legal battle.

🔹 Legal Experts Weigh In: Will the SEC Settle?
Crypto attorneys, including Fred Rispoli and Bill Morgan, believe the SEC must now show a cooperative stance if it wishes to close the case before the upcoming court deadline. Judge Analisa Torres had earlier rejected the SEC’s request due to procedural flaws.

If a settlement is reached and approved through a limited remand, XRP could receive clarity in the U.S. market — an event that might unlock institutional interest and drive further price gains.

🔹 XRP Price Outlook: Bullish Momentum Builds
XRP soared 4.11% on June 8, closing at $2.2682, outperforming the overall crypto market. A breakout above the $2.30 level could clear the way for a rally toward $2.50, and potentially retest $2.6553, its May 12 peak. Sustained bullish momentum may even push prices toward $3.00 and the all-time high of $3.5505.

However, if XRP fails to hold above the 50-day EMA, a decline toward $1.93 and the 200-day EMA could follow.

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Bitcoin (BTC) Steadies Above $105K Ahead of Key Crypto Legislation

While XRP gained on legal and ETF optimism, Bitcoin (BTC) consolidated recent gains above $105,000, supported by a strong U.S. jobs report and anticipation of upcoming regulatory developments.

🔹 Crypto Legislation in Focus: CLARITY and Bitcoin Act
Investors are eyeing the CLARITY Act, set for review on June 10, which could finally provide clear regulatory boundaries between the SEC and CFTC. Passage of this bill may fuel confidence across the crypto space.

Also gaining attention is the reintroduction of the Bitcoin Act by Senator Cynthia Lummis, proposing the U.S. government acquire 1 million BTC over five years with a 20-year hold requirement. If passed, this could create significant institutional demand pressure on Bitcoin’s limited supply.

🔹 Corporate Demand Rising for BTC
Several companies are ramping up Bitcoin reserves:

• Trump Media Group raised $2.3B for a BTC treasury.
• Metaplanet (dubbed Asia’s MicroStrategy) plans to acquire 210,000 BTC by 2027.
• K Wave Media of South Korea aims to follow suit with a $500M Bitcoin treasury build.

🔹 BTC Price Forecast: Critical Levels to Watch
BTC added 0.20% on June 8 to close at $105,785. If bullish sentiment continues and key resistance near $106,500–$108,000 is broken, BTC could retest its all-time high of $111,917.

However, risks remain. Escalating trade tensions, hawkish inflation data, or a delay in legislation could drag BTC back below the $100,000 support.

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🔍 Conclusion: ETF Hype and Legal Shifts Could Reshape Crypto Market
Both XRP and Bitcoin are at pivotal moments. For XRP, the outcome of Ripple’s legal battle and ETF discussions may define its trajectory for the rest of 2025. For BTC, legislative clarity and growing institutional appetite could either propel it to new highs or expose it to macroeconomic headwinds.

Stay tuned to DailyForex.pk for breaking updates on crypto ETFs, SEC rulings, and BTC market forecasts.