XRP Price Holds Strong but Could Judge Shock Ruling Derail $2.35 Breakout?
The post XRP Price Holds Strong but Could Judge Shock Ruling Derail $2.35 Breakout? appeared on BitcoinEthereumNews.com.
XRP price continues to maintain a firm stance above the $2.10 support level despite legal uncertainties and market caution. As the U.S. Securities and Exchange Commission (SEC) and Ripple Labs file a joint motion requesting an “indicative ruling,” legal experts raise concerns over the strength of the argument. While Ripple resumes RLUSD minting, analysts observe a fragile technical structure forming near resistance zones. Legal Debate Over SEC-Ripple Joint Motion Raises Uncertainty Attorney John E. Deaton criticized the US SEC’s latest brief supporting a request for an “indicative ruling” in the Ripple case. He stated the explanation lacked legal depth and did not meet the threshold of “exceptional circumstances” required to revisit a decided case. The motion, jointly filed by Ripple and the SEC, aims to seek Judge Analisa Torres’ consideration for revisiting a prior judgment. Deaton suggested that both parties appear confident the court will not dismiss the motion immediately. However, he questioned whether the judge would accept the limited justification presented. Crypto lawyer Marc Fagel, who previously served with the SEC, engaged in a public discussion with Deaton. He expressed uncertainty about the outcome, citing the unique nature of the motion. While Deaton invited Fagel to further explain his views, both acknowledged the situation as uncommon and difficult to predict. Source: X The motion’s outcome could influence how the broader regulatory environment treats digital assets, especially in cases involving prior judgments. Deaton is scheduled to explain the filing’s implications during a livestream on June 14, where he plans to analyze the legal foundation in detail. Ripple Resumes RLUSD Minting as Stablecoin Market Gains Attention Ripple has restarted the minting of its RLUSD stablecoin after a temporary pause that began in late April 2025. The suspension followed the issuance of two tranches totaling approximately 23 million tokens, which Ripple implemented…
Filed under: News - @ June 15, 2025 9:22 am