XRP Price Slips as June 16 SEC Deadline Fuels ETF Speculation – BTC Holds Near $108K

The crypto market turned cautious on June 11 as XRP dipped amid investor focus on a key legal update due from the SEC, while Bitcoin hovered just below the $110K mark. All eyes now shift to June 16, a pivotal date in the ongoing SEC vs. Ripple case.

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XRP Legal Drama: Settlement or Delay?

XRP traders are closely monitoring the approaching June 16 deadline, when the U.S. Securities and Exchange Commission (SEC) must file a progress report in its long-running lawsuit against Ripple Labs. Despite speculation, no significant breakthrough has occurred since Judge Analisa Torres denied the SEC’s request for an indicative ruling on settlement terms.

Investor hopes for a favorable outcome remain intact, with growing optimism that a withdrawal of the SEC’s appeal could revive stalled XRP-spot ETF applications. Such a move may unlock a new wave of institutional investment in XRP.

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XRP Price Levels to Watch

XRP fell 1.53% on June 11, closing at $2.2711, extending Tuesday’s 0.66% decline. Despite the drop, the asset is maintaining key support levels. If XRP can reclaim $2.35, traders could see a push toward $2.50, followed by a retest of the May 12 high at $2.6553. A decisive breakout could set sights on $3 and eventually $3.55.

Downside risks include a drop below the 50-day EMA, which may expose deeper support around the 200-day EMA and $1.93.

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Bitcoin Stable Despite Volatility: CPI, Tariffs, and Geopolitics in Play

Bitcoin briefly surged to $110,428 following a weaker-than-expected U.S. CPI print, before retreating to close at $108,687 — down 1.42% for the day. Inflation data showed core CPI at 2.8% and headline CPI at 2.4% YoY for May, both below market forecasts. This softer data reinforced expectations of a more dovish Fed policy, boosting risk appetite earlier in the session.

However, renewed Middle East tensions rattled markets later in the day. Reports surfaced suggesting Iran could target U.S. assets in the region if nuclear talks collapse, while Israel was rumored to be preparing a military response. These developments spurred a flight to safety, trimming crypto gains.

President Trump also injected uncertainty by threatening to implement steep unilateral tariffs within two weeks, potentially reigniting inflation fears.

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ETF Inflows Show Mixed Signals

While Bitcoin ETFs continued to attract inflows, overall interest showed signs of slowing. On June 11:

• Fidelity’s FBTC: +$11.9M
• Franklin’s EZBC: +$6.3M
• Total inflows: $18.2M (excluding IBIT), significantly lower than Tuesday’s $431.2M.

The cooling momentum in BTC-spot ETF inflows suggests cautious sentiment amid geopolitical tensions and inflation uncertainty.

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BTC Price Outlook: Key Scenarios

• Bearish Case: Rising trade tensions, stalled crypto legislation, hotter inflation, and continued ETF outflows could push BTC back toward $100,000 and the 50-day EMA.
• Bullish Case: Diplomatic breakthroughs, bipartisan crypto support, cooler inflation, and stronger ETF inflows could catapult BTC beyond its all-time high of $111,917.

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Conclusion

XRP’s legal saga and ETF prospects remain pivotal for near-term price direction, while Bitcoin balances between inflation trends and geopolitical risks. With both assets at critical technical and psychological levels, traders should stay alert to headline-driven volatility.

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