XRP faces key SEC deadline – Will prices break $2.38 or fall below…
The post XRP faces key SEC deadline – Will prices break $2.38 or fall below… appeared on BitcoinEthereumNews.com. XRP traded sideways as investors await a key SEC court update. Futures Open Interest stayed high; traders were positioned despite low volume and muted momentum. Ripple [XRP] is treading water as the community braces for the next twist in Ripple Labs’ legal clash with the U.S. SEC. With a critical court deadline fast approaching, investor sentiment remains cautious, caught between regulatory clarity and potential further delays. As the case nears another inflection point, XRP’s muted price action says a lot about the market’s wait-and-watch mode. Volume drops, but OI holds firm XRP’s spot volume has cooled significantly from its December highs, hovering at $5.09 billion at press time – a contrast to the $70B+ spikes seen during previous surges. Source: CoinGlass Yet, Futures Open Interest remains elevated at $4.14 billion, so traders aren’t backing down. Source: Coinglass This is a market quietly bracing for volatility, likely tied to the impending SEC litigation. While price remains range-bound, the steady leverage exposure implies conviction, either for a breakout or a breakdown. In short, sentiment is split, but positioning is anything but flat. All eyes on the SEC With a court-imposed deadline looming, the SEC is expected to update the Court of Appeals on its settlement talks with Ripple by the 16th of June, a potential turning point in the multi-year legal standoff. Since Judge Analisa Torres denied the agency’s bid for an indicative ruling, progress has stalled. Yet, the SEC’s pattern of last-minute filings keeps markets on edge. A withdrawal of the appeal could dramatically boost XRP’s regulatory standing and revive ETF hopes. Polymarket odds reflect that optimism, pricing in an 88% chance of ETF approval by year-end. Source: Polymarket XRP tests mid-band as momentum stalls XRP hovered near the midline of its Bollinger Bands, showing signs of consolidation after failing to…
The post XRP faces key SEC deadline – Will prices break $2.38 or fall below… appeared on BitcoinEthereumNews.com.
XRP traded sideways as investors await a key SEC court update. Futures Open Interest stayed high; traders were positioned despite low volume and muted momentum. Ripple [XRP] is treading water as the community braces for the next twist in Ripple Labs’ legal clash with the U.S. SEC. With a critical court deadline fast approaching, investor sentiment remains cautious, caught between regulatory clarity and potential further delays. As the case nears another inflection point, XRP’s muted price action says a lot about the market’s wait-and-watch mode. Volume drops, but OI holds firm XRP’s spot volume has cooled significantly from its December highs, hovering at $5.09 billion at press time – a contrast to the $70B+ spikes seen during previous surges. Source: CoinGlass Yet, Futures Open Interest remains elevated at $4.14 billion, so traders aren’t backing down. Source: Coinglass This is a market quietly bracing for volatility, likely tied to the impending SEC litigation. While price remains range-bound, the steady leverage exposure implies conviction, either for a breakout or a breakdown. In short, sentiment is split, but positioning is anything but flat. All eyes on the SEC With a court-imposed deadline looming, the SEC is expected to update the Court of Appeals on its settlement talks with Ripple by the 16th of June, a potential turning point in the multi-year legal standoff. Since Judge Analisa Torres denied the agency’s bid for an indicative ruling, progress has stalled. Yet, the SEC’s pattern of last-minute filings keeps markets on edge. A withdrawal of the appeal could dramatically boost XRP’s regulatory standing and revive ETF hopes. Polymarket odds reflect that optimism, pricing in an 88% chance of ETF approval by year-end. Source: Polymarket XRP tests mid-band as momentum stalls XRP hovered near the midline of its Bollinger Bands, showing signs of consolidation after failing to…
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