XRP at a Crossroads: Judge Torres’ Ruling Could Reshape the Crypto Landscape

June 19 marked a pivotal moment for XRP and the broader crypto market as the community awaited a critical decision in the ongoing SEC vs. Ripple case. On June 12, Ripple and the SEC filed a renewed joint motion, seeking an indicative ruling to reverse a previous ban on XRP sales to institutional investors and reduce the associated penalties.

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Judge Torres had rejected the initial joint motion within seven days, citing procedural flaws and insufficient justification that the settlement served public and institutional interests. While the court has yet to respond to the renewed filing, the delay has sparked cautious optimism for a more favorable outcome.

Pro-crypto lawyer Bill Morgan noted the timing, warning:

“It only took 7 days for Judge Torres to reject the last motion. If she’s taking longer this time, that might not be a positive sign.”

The uncertainty has already impacted XRP’s price, which fell from $2.5712 to a low of $2.0607 following the first rejection. The token has since stabilized above $2.10 as markets anticipate the next move.

Former SEC attorney Marc Fagel highlighted the unprecedented nature of the case:

“This may be the first time the SEC has changed administrations and tried to reverse a court win. The judge could go either way. If the motion is denied, Ripple may need to continue its appeal.”

Why Judge Torres’ Decision Matters

A favorable ruling would lead both Ripple and the SEC to drop their appeals—clearing a major legal hurdle. This could accelerate the approval of XRP spot ETF applications, significantly boosting demand.

However, if the motion is denied again, Ripple’s response will determine whether the SEC moves forward with its appeal. The core issue remains Judge Torres’ 2023 ruling that XRP’s programmatic sales do not meet the third prong of the Howey Test.

In a worst-case scenario, an SEC win could subject XRP to stricter regulatory oversight, possibly forcing U.S. exchanges to delist the token and stalling ETF approvals.

XRP Price Outlook

On June 19, XRP slipped 0.20% to close at $2.1666, partially erasing a 0.48% gain from the previous day. The token continues to track market sentiment.

Key levels to watch:

A break above $2.20 and the 50-day EMA could pave the way to retest the June 16 high of $2.3376.
Sustained bullish momentum might open a path toward $2.50 and the May 12 peak of $2.6553.
A drop below the 200-day EMA could expose support at $1.9299.

Bitcoin Update: Geopolitics and Fed Policy Pressure BTC

While XRP deals with legal headwinds, Bitcoin (BTC) faces its own challenges. On June 19, BTC dipped 0.24% to close at $104,631, reflecting concerns over Middle East tensions, trade tariffs, and a more hawkish Federal Reserve.

News of potential U.S. military action against Iran spooked markets, with investors fearing oil price spikes and rising inflation. Fed Chair Jerome Powell’s comments on tariffs and inflation at a June 18 press conference further dampened risk appetite. The Fed raised its 2025 inflation forecast, casting doubt on the timeline for future rate cuts.

Santiment, a crypto market intelligence platform, commented:

“Rate cuts could benefit crypto and global stocks. With Bitcoin 6.8% off its all-time high, and the S&P 500 down 2.6%, the Fed’s stance will remain pivotal. Expect tension between Powell and Trump over monetary policy.”

Despite macro pressures, BTC has held above $100,000 since May 8, supported by strong U.S. spot ETF inflows—totaling $5.23 billion in May and $1.62 billion in June so far.

Santiment noted that these ETF inflows are a key factor maintaining Bitcoin’s current price range between $104K and $105K.

BTC Price Outlook: Watching the Headlines

Key bullish drivers:

Ceasefire or de-escalation in the Middle East
Bipartisan support for crypto legislation
Cooling trade tensions
Continued ETF inflows

Bearish risks:

U.S. escalation in the Israel-Iran conflict
Legislative roadblocks
New trade tariffs
ETF outflows

A break below the 50-day EMA could send BTC toward the $100,000 level, while positive developments could help it retest the all-time high of $111,917.

What to Watch Next

Investors should closely monitor:

Judge Torres’ ruling in the Ripple case
XRP spot ETF news
Developments in the Middle East
Tariff and trade updates
Crypto legislation progress
ETF flows for BTC and XRP

These factors will heavily influence the near-term price trajectories for both XRP and BTC—and could determine whether either asset revisits record highs.

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