TheCryptoBasic posted a detailed thread on X that’s now gaining traction across the XRP community. According to the post, the next major deadline in the SEC v. Ripple lawsuit is set for June 15, and it could determine how – or if – this four-year legal dispute finally moves forward.
June 15 Marks End of 60-Day Pause
Back on April 10, 2025, Ripple and the SEC filed a joint request for a 60-day stay, asking the Second Circuit Court to pause proceedings. That came after both sides verbally agreed to withdraw their appeals. Ripple would pay a $50 million penalty – reduced from the original $125 million – and in return, the permanent injunction on XRP institutional sales would be removed.
The pause was officially granted on April 16, and the June 15 deadline was set for the SEC to file a status update. That report is expected to clarify whether both parties are ready to finalize the settlement or if more time is needed.
#XRP Holders Await as June 16 Looms in #Ripple vs. SEC Case. 🧵🧵🧵 pic.twitter.com/Po8Ci4ILhn
— TheCryptoBasic (@thecryptobasic) June 7, 2025
A key complication remains: Judge Analisa Torres denied a prior motion for an indicative ruling on the settlement. This means the court hasn’t officially acknowledged the tentative deal between Ripple and the SEC. As of now, neither side has refiled that motion.
The status report due next week may give the clearest signal yet on how the parties plan to proceed – whether that means filing a new motion or continuing settlement talks behind the scenes.
What you'll learn 👉
XRP Price Action
XRP has been moving up and down as traders wait for the big June 16 update in the Ripple vs. SEC case. Right now, on June 7, it’s trading around $2.19, up 1.24% over the past day. Earlier this week, the price dropped to $2.07 before bouncing back, which shows that some investors are hopeful the case will end in Ripple’s favor.
Looking at the chart, XRP seems to be running into resistance between $2.28 and $2.30. On the downside, support is sitting around $2.07. If the price breaks above or below these levels, it could lead to a much bigger move – depending on what happens in court next week. Traders are keeping a close eye on that SEC update.
Read also: XRP Community Split Over $10 Price Target – Poll Reveals Deep Doubts
XRP Community Watches Closely
With the June 15 deadline fast approaching, XRP holders are watching developments closely. Many hope that the SEC’s filing will finally shed light on a possible resolution and bring long-awaited clarity to the case. Whether the report confirms progress – or further delays – could shape XRP’s near-term outlook.
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