The post XRP News Today: XRP Bulls Ready for Takeoff as SEC and Ripple Hit Pause Button appeared on BitcoinEthereumNews.com.

In a significant development for Ripple XRP news, the U.S. Securities and Exchange Commission (SEC) and Ripple have jointly requested a pause in their legal proceedings. The motion, filed with the U.S. Court of Appeals for the Second Circuit, seeks to place the appeal in abeyance until August 15, as both parties await a decision on a new motion in the U.S. District Court for the Southern District of New York. XRP Derivatives Market Signals Optimism Amid Legal Pause This new filing aims to dissolve the 2024 injunction against Ripple and return $125 million in escrow funds—of which $50 million would go to the SEC as a civil penalty, while the remainder would be transferred back to Ripple. The strategic pause, agreed upon by both Ripple and the SEC, may mark a turning point in the long-running XRP lawsuit, which has been closely watched across the crypto market. Ripple and the SEC have requested the appeals remain on hold, with a status update due by August 15, 2025. Source: James K. Filan via X Despite the ongoing legal uncertainty, optimism remains strong in the XRP derivatives market. According to CoinGlass, XRP Open Interest surged past $4 billion, with funding rates climbing to 0.0096%. These metrics suggest an uptick in leveraged bullish positions, signaling growing investor confidence in XRP’s near-term outlook. XRP Price Eyes Technical Breakout as Resistance Levels Tighten XRP’s price action reflects a market on the verge of a major move. The token recently bounced from the 200-day EMA around $2.09 and has shown signs of bullish momentum. Monday’s 3.35% recovery brought XRP to the critical levels of its 50-day and 100-day EMAs, currently facing resistance around $2.24. XRP is consolidating above key support at $2.2138, with a tightening range signaling a potential bullish breakout. Source: FrankFx14 on TradingView…

---

Filed under: News - @ June 18, 2025 12:27 am