XRP Price Suffers Again but Can June 16 Change Everything for Ripple?
TL;DRSave the Date: June 16It has been nearly three months since Ripple CEO Brad Garlinghouse triumphantlyannouncedon X that the legal spat between his company and the US securities regulator had effectively come to an end. Although both parties indeed reached an agreement regarding the payment Ripple has to make, Judge Torresrejectedtheir joint motion, which would have extended the lawsuit, and there is no official conclusion yet.Judge Torres argued that the agency and the company failed to file the motion correctly under Rule 60. As of now,June 16stands as the most crucial date for a major update about the potential resolution between the two, as the SEC must file a status update with the US Court of Appeals by that date.Numerous XRP Army members outlined the significance of the date, including perma-bull John Squire. He asked his over 500,000 followers whether Rippleâs XRP will finally get regulatory clarity after Monday.All eyes on June 16.The SEC still hasnât closed the Ripple case and silence only builds the pressure.Will this be the day $XRP finally gets regulatory clarity?The clockâs ticking⌠pic.twitter.com/d1SQDWWHCOâ John Squire (@TheCryptoSquire) June 12, 2025Itâs worth noting that this is not a âsettlement or bustâ date for the case, but itâs an important deadline for a procedural update. Any real settlement would still require Judge Torresâs final approval, which could take more time.Will XRPâs Price React?Although June 16 could have significant implications in the legal case between Ripple and the SEC, market experts believe it wonât have a big positive impact on XRPâs price movements. After all, the hype surrounding the closure of the case has come and gone, and investors have already factored its resolution. However, there could be further pain on the horizon if the case is extended again, as it has been in the past.For now, XRPâs price struggles at $2.25 following a 3% daily drop. Still, the XRP Army continues to be highly bullish on the assetâs future price trajectory, marking some mindblowing targets like the one below.If you solve a real problem for real customers, then there will not be a limitation for $XRPâs price.Utility drives the price, not market cap and not supply. Only utilityâŚLeave a like if you believe in $10,000+ per #XRP! pic.twitter.com/sL8T9WiXIWâ XRP Avengers (@XRP_Avengers) June 12, 2025