XRP News Today: XRP Price Surge Potential as Ripple SEC Lawsuit Deadline Looms

Crypto analyst EGRAG CRYPTO has projected a significant potential surge for XRP, suggesting that the cryptocurrency could reach $27 and achieve a market dominance of 27%. This optimistic outlook is based on the analyst's assessment of XRP's growth potential and its current market position. The analyst's price charts indicate that XRP is testing a long-term descending trendline, which has previously rejected upward movements. This trendline serves as a critical resistance level that, if broken, could pave the way for a substantial price increase.

EGRAG highlights the significance of the Fibonacci 0.5 level as a long-standing resistance zone for XRP dominance. Historically, this level acted as a barrier during major market shifts in October 2019, November 2020, and more recently, January and March of 2025. The repeated rejection at this level may now be setting the stage for a decisive breakout. The analyst uses the metaphor of resistance being like a door—each attempt to breach it increases the chances of a successful breakthrough. XRP dominance has tested this resistance four times. According to EGRAG, the upcoming fifth attempt could be the breakout moment, triggering a bullish bull flag pattern and a move toward the 27% dominance target.

If XRP were to reach $27 and secure 27% dominance, the implied total crypto market cap would soar to approximately $5.5 trillion. Even if the total market cap settles at $5.5 trillion, XRP’s share would translate to around $1.485 trillion—supporting EGRAG’s long-term target for the asset. The analysis, while highly bullish, underlines the importance of the next resistance test and broader market dynamics. Traders and investors will be closely watching XRP’s behavior at the Fib 0.5 level in the weeks ahead.

The upcoming deadline related to the Ripple SEC lawsuit on June 16 is also a pivotal moment for XRP. Legal expert Bill Morgan has highlighted that the US Securities and Exchange Commission (SEC) must report to the Appeal Court by June 12. This deadline is significant because it could determine the future trajectory of the XRP price, given the impact the lawsuit has had on the altcoin. Judge Torres' denial of Ripple and the SEC’s motion for an indicative ruling adds to the complexity, as both parties had requested a pause from the Appeal Court, which was granted for 60 days. The SEC was required to file a status report at the end of this period, with the deadline approaching on June 12.

Legal expert Fred Rispoli has noted that both parties have yet to refile the motion before Judge Torres ahead of the June 16 deadline for a status report. If the motion is refiled, it would indicate that Ripple and the SEC are still pushing for a settlement agreement, which could be positive for the XRP price. Conversely, a continuation of the appeal case would be bearish, as it would further extend the long-running lawsuit. Crypto analyst CasiTrades has suggested that the XRP price consolidation could end on June 16, with the altcoin potentially hitting a new all-time high (ATH) on that day. However, the analyst seems less confident in this outcome now, but still believes that the consolidation could end by the deadline date or even before then. CasiTrades has also projected that the measured extensions indicate upside targets aligning in the $8 to $13 macro zone, suggesting that XRP will eventually reach a new ATH.