Ripple's lawsuit with the SEC is reaching a critical phase as a significant court decision deadline looms on June 16, affecting XRP price and regulatory clarity in the digital asset space.
Despite recent price declines, XRP saw a rebound on June 6, climbing to $2.20 with indications of bullish strength and potential resistance at $2.50–$2.60.
There is optimism surrounding the potential approval of a spot XRP ETF by Franklin Templeton, which could enhance liquidity and institutional adoption for XRP.
Short-term XRP price predictions are influenced by ongoing legal developments and the upcoming ETF decision, positioning XRP at a critical juncture for traders and investors.