XRP News Today: Ripple Seeks Court Approval for XRP Settlement, 7% Price Surge

Ripple Labs has submitted a new letter to Judge Analisa Torres, advocating for the approval of an indicative ruling motion. This move is aimed at potentially concluding the protracted legal battle between Ripple and the U.S. Securities and Exchange Commission (SEC). The lawsuit, which has been ongoing for over four and a half years, centers on the classification of XRP as a security. A favorable ruling for Ripple could significantly impact the broader cryptocurrency landscape by potentially lifting the injunction on XRP sales and reducing the fine imposed on the company.

In its letter, Ripple emphasized that neither side is seeking to alter the court's earlier Summary Judgment decision, which remains crucial for future cases. The company also clarified that removing the “obey the law” injunction would not absolve it of its responsibility to comply with securities laws. Ripple stressed that, like any other business, it must always adhere to legal regulations, regardless of court orders.

Ripple further argued that settling the case now, with both parties agreeing to certain compromises like a reduced penalty, would help avoid further risks from ongoing appeals. It would also bring an end to a case that has lasted years and consumed significant court resources. The company pointed out that the SEC is shifting its approach toward regulating digital assets, having recently dropped other crypto-related cases and created a new Crypto Task Force aimed at establishing clear and fair rules for the industry. Ripple has actively participated in this process by attending meetings and sharing feedback.

As one of the earliest crypto firms targeted by the SEC, Ripple’s case has become one of the most closely watched in the industry. The company is now asking the court to recognize the settlement they’ve negotiated, which would ease the burden on the courts while still holding Ripple accountable. The recent joint motion filed by both parties on June 12, 2025, seeks to modify the final court order. This motion proposes the redistribution of $125 million currently held in escrow, with $50 million allocated as a penalty to the SEC and $75 million returned to Ripple. This development suggests a potential settlement that could bring an end to the nearly five-year-long legal dispute.

The SEC was expected to file a settlement status report with the U.S. Court of Appeals for the Second Circuit by June 16, 2025, but as of June 17, there has been no public confirmation of the report's filing or its contents. This uncertainty has left investors anxious, as the outcome could significantly affect XRP's regulatory future and the broader crypto market. Legal experts and influencers have offered varying insights into the potential outcomes of the case. Attorney John E. Deaton, a vocal advocate for XRP holders, estimated a 70% chance that Judge Torres will approve the joint motion, citing the agreement between both parties as a significant indicator of their seriousness in resolving the case. However, the specific legal details of the motion remain undisclosed to the public, adding to the overall uncertainty.

The delay in the court's decision has heightened market volatility, with XRP holders eagerly awaiting a resolution. The joint motion to lift the injunction on XRP sales has sparked optimism, reflected in a recent 7% surge in XRP's price. However, analysts caution that the cryptocurrency is nearing key support levels and faces resistance at higher price points. The broader crypto market, including Bitcoin and Ethereum, is also strong, which could support XRP's momentum. Nevertheless, without a final court ruling, investors remain nervous, with some predicting a potential price drop if XRP dips below $2.25.

The outcome of the XRP court case could have far-reaching implications for the cryptocurrency world. A favorable ruling for Ripple could weaken the SEC's control over digital assets, leading to a more flexible regulatory environment that encourages innovation and adoption. Conversely, a decision in favor of the SEC could strengthen its regulatory power, setting a stricter example for how digital assets are classified and potentially slowing down growth in the crypto sector. Legal experts believe that a win for Ripple could create a more innovation-friendly environment, while supporters of the SEC argue that stronger oversight is needed to prevent fraud and abuse.

As the legal battle continues, the crypto community remains on edge, awaiting Judge Torres' decision. The joint motion filed on June 12, 2025, and the missed June 16 deadline for the settlement status report suggest that a resolution could be imminent, though further delays remain possible. Investors should stay alert, as the outcome may trigger significant market volatility and influence the broader regulatory environment for crypto. The analysis underscores the case's potential to shape the future of XRP and the wider cryptocurrency ecosystem, with no final ruling issued as of June 17, 2025.