The month of June will bring game-changing developments for Ripple (XRP). The original issuer of XRP coin is practically settled with the U.S. Securities and Exchange Commission (SEC), but the relatively small $50 million fine is not available to cover just yet.
XRP Army Keeps Eyes Peeled On This Date
Last month, the NYC District Judge Analisa Torres declared the SEC vs. Ripple motion “procedurally improper”, denying indicative ruling. The Judge also hinted that it would be hard to close the case soon if it was returned to the District Court Of New York.
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While this has kept XRP price in a sleepy consolidation phase for the past 7 days, XRP Army members mark their calendars for June 16, 2025 – for a good reason.
According to the SEC vs. Ripple lawsuit settlement deal, the SEC is obliged to write up a status update to the Court Of Appeals, which initially had a 60-day term.
CMF Dwindles: What Happened To XRP Price?
The popular cross-border altcoin is now down 8.6% since last week, spreading the price range way below the $2.20 support line. That’s mirrored on technical XRP price charts, as the Chaikin Money Flow (CMF) meter hit a monthly low. In simple terms, the CMF meter denotes the sentiment around large crypto holders, popularly referred to as crypto whales.
As DailyCoin captured in the chart above, the green line has crashed to levels unprecedented in months. This marks a rising trend of XRP sell-offs among large players, but XRP price still has solid support above $2.11. On the chart, we can see it bouncing off the green Bollinger Band (BOLL), the lowest support level.
On the other hand, the red-label Bollinger Band (BOLL) of $2.52 now looks not within reach this week, if the negative values in the Chaikin Money Flow (CMF) persist to drive the bearish trend.
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The SEC claimed XRP is an unregistered security, but Ripple’s 2025 settlement eased fears, boosting XRP’s price.
The lawsuit caused price swings, but the settlement and potential ETF approvals could drive XRP higher.
Ripple settled with the SEC in 2025 for $50 million, but an appeal might delay full clarity.
Ripple’s CEO says the XRP Army’s support boosts adoption, helping XRP’s price grow.
With the lawsuit mostly done, XRP could rise, but new legal issues might cause short-term dips.
