All eyes on the SEC With a court-imposed deadline

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.

XRP tests mid-band as momentum stalls

XRP hovered near the midline of its Bollinger Bands, showing signs of consolidation after failing to break above the upper band resistance.

The price at press time – $2.25 – suggested a weakening bullish momentum, with the RSI at a neutral 49.23: neither oversold nor overbought.