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XRP surged over 12% to cross the $2 mark on strong
trading volume, as rising geopolitical tensions collided with renewed optimism
around Ripple’s long-running legal battle with U.S. regulators.
The rally coincided with a surprise return to public
view by Arthur Britto, one of Ripple’s elusive co-founders, marking his first
public post in nearly 14 years.
XRP Price Rally
According to CoinMarketCap, XRP climbed from $1.968 to $2.2018 within a day, supported by strong volume and resilient momentum despite a weekend dominated
by U.S.-Israeli military action in the Middle East.
The token initially dipped below psychological support
levels but reversed sharply as buyers stepped in at $1.97 with a 130 million
volume surge.
Read more: XRP vs SEC: Legal Optimism Lifts Price 4% Despite Geopolitical Tensions
The decisive breakout occurred during the 22:00 hour,
when volume spiked to 217 million, nearly three times the average, pushing XRP
above $2.06 and toward a session high of $2.173. The token has since
consolidated above $2.13, with the $2.154–$2.156 range now acting as near-term
support.
Fundamental Analysis Driving XRP
The rally was further energized by an unexpected
development: Arthur Britto, co-creator of the XRP Ledger and a founding figure
at Ripple, posted publicly on X for the first time in nearly 14 years.
😶
— Arthur Britto (@ahbritto) June 23, 2025
Known for his extreme privacy, Britto had long been
absent from public forums, leading to widespread speculation about his role. Ripple
CTO David Schwartz confirmed the authenticity of Britto’s brief post and ruled
out any security incident.
His reappearance comes at a critical moment. Ripple
and the SEC have filed a joint motion seeking final settlement approval in
their years-long legal dispute.
Ripple vs SEC
If granted by Judge Analisa Torres, the resolution
would release a $125 million escrow fund, sending $50 million to the SEC and
returning $75 million to Ripple. It would also end all pending appeals and
injunctions.
🚨Ripple and the SEC recently submitted a joint motion in the $XRP case. Lawyer Bill Morgan believes Judge Torres is likely to approve this joint motion, which might finally bring the legal battle between Ripple and the SEC to an end. pic.twitter.com/7xahNugAgp
— Crypto Coin Show (@CryptoCoinShow) June 13, 2025
However, if the court denies the motion, litigation
could resume and drag into 2026, prolonging uncertainty over Ripple’s
institutional XRP sales and the approval timeline for a potential XRP spot ETF.
XRP Technical Analysis Shows Divided Sentiment
Despite the breakout, sentiment remains sharply
divided. Some analysts expect XRP to extend its rally to $6 if momentum holds
and legal clarity emerges.
Others caution that a 25% correction is possible,
potentially dragging the token back to $1.55 if resistance zones around $2.17
fail to hold. Futures open interest and volume remain elevated, suggesting
institutional players are still engaged. On-chain data also supports a thesis of ongoing
accumulation rather than profit-taking.
Wider Context
While XRP commands attention, it’s not the only coin
in motion. Dogecoin is once again gaining traction as Elon Musk continues to
signal support for the meme coin. Meanwhile, environmentally focused mining
operations are attracting new interest.
These setups offer mining exposure without the need
for hardware ownership, high electricity bills, or technical management.
Despite such parallel developments, XRP remains the
week’s central story, driven by legal brinkmanship, geopolitical uncertainty,
and the reappearance of a key figure long thought to have exited the public
stage.
This article was written by Jared Kirui at www.financemagnates.com. and include conclusion section that’s entertaining to read. do not include the title. Add a hyperlink to this website [http://defi-daily.com] and label it “DeFi Daily News” for more trending news articles like this
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