XRP News Today! Ripple’s Legal Saga Deepens as Speculation Roils XRP Market

The crypto market was rattled over the weekend by fresh speculation involving Ripple and its flagship digital asset, XRP. On June 22, XRP slid another 8.13%, closing at $1.9378.

The drop came as rumors circulated that the US government could seize Ripple’s escrowed XRP holdings to build national crypto reserves, a theory floated by crypto analyst John Squire.

However, legal expert and pro-crypto attorney Bill Morgan swiftly debunked the claim, stating, “No, it won’t.” Despite this, the narrative gained just enough traction to spook investors already on edge.

XRP Legal Drama Continues: The Judge Torres Factor

XRP's downward trend isn't just about baseless government seizure theories. The ongoing lawsuit between Ripple and the U.S. Securities and Exchange Commission (SEC) remains the primary cloud over the token.

After a prior procedural rejection, Ripple and the SEC jointly filed a renewed motion on June 12, asking Judge Analisa Torres for an indicative ruling that could finally lift the ban on XRP sales to institutional investors and reduce the $125 million penalty.

Since Judge Torres rejected the initial motion quickly—within seven days—investors are now growing uneasy due to the silence following the second motion.

Why does this matter? A favorable ruling could end the multi-year lawsuit and open the door for XRP spot ETF approvals, unlocking a potentially massive price surge. Conversely, a rejection could trigger exchange delistings, ETF rejections, and further price erosion.

Ripple’s Strategic Countermove: RLUSD’s Meteoric Rise

Amid the courtroom drama, Ripple is making bold moves elsewhere. Most notably, Ripple has minted 13 million RLUSD tokens, pushing the total supply of its stablecoin close to $500 million.

According to Etherscan and data from CoinGecko, this brings RLUSD’s market cap to approximately $428.7 million, putting it in the sights of industry giants like Tether (USDT) and Circle (USDC).

RLUSD’s growth has been strategic, fast, and targeted, with recent token batches flowing into wallets linked to major liquidity pools.

Analysts believe these tokens are headed for listings on centralized exchanges (CEXs) and decentralized finance (DeFi) platforms, further boosting RLUSD’s real-world utility.

The Big Picture: RLUSD, XRP, and Ripple’s Multi-Chain Vision

Despite being a Ripple product, RLUSD is currently issued on Ethereum rather than the XRP Ledger (XRPL).

However, integration with XRPL and other blockchains is reportedly in the works, aligning with Ripple’s multi-chain strategy to expand its ecosystem's influence.

Ripple’s partnerships are also strengthening RLUSD’s utility. A notable alliance with AlchemyPay now enables RLUSD access via major fiat payment networks like Visa, Mastercard, and Apple Pay.

Regulatory wins, including licensing in Dubai, suggest RLUSD is poised for broader global adoption.

This all feeds into speculation that RLUSD may indirectly support XRP’s valuation by anchoring Ripple’s ecosystem in regulated, liquid, and widely adopted assets.

XRP Price Outlook: A Game of Legal Dominoes

XRP currently trades under both its 50-day and 200-day Exponential Moving Averages (EMA)—a technical red flag. At the time of writing, the 14-hours RSI sits at 18.90, indicating that XRP may still have room to fall before entering “oversold” territory below RSI 20.

If Judge Torres rules in Ripple’s favor:

1. XRP could break above $2.2, reclaim $2.6553, and aim for 2025’s high of $3.3999.

2. Spot ETF approval could follow, potentially driving XRP to record highs above $3.5.

But if the motion is rejected or delayed:

1. XRP could fall below $2.

2. The next support lies at $1.9299, and a drop toward $1.5 is not off the table.

Macro Factors: Beyond the Courtroom

XRP’s trajectory is also tied to broader market variables:

1. Global conflicts like Iran-Israel tensions.

2. US tariffs and the impact on crypto-friendly trade policies.

3. Federal Reserve decisions on inflation and interest rates.

4. Political dynamics, especially if former President Trump’s pro-crypto agenda gains traction.

These variables all converge to create a highly volatile environment for XRP investors.

RLUSD: The Trojan Horse for Institutional Adoption?

Institutional interest may spike as Ripple’s stablecoin nears the $500M threshold. According to market watchers, this level is more than symbolic—it represents trust, maturity, and reliability for enterprise players.

Further bolstering confidence is RLUSD’s wallet distribution. No single wallet holds an overwhelming supply, indicating healthy decentralization and lowering risk, key considerations for banking and institutional partners, including persistent rumors of Ripple’s collaboration with Bank of America.

Ripple’s Future: Legal Resolutions, Stablecoin Expansion, and Institutional Dreams

Ripple CEO Brad Garlinghouse has made it clear: the legal battles won’t stall innovation.

The company’s ambitious plans for RLUSD, alongside XRP’s potential to process up to 14% of SWIFT’s global transactions within five years, paint a picture of a firm not merely surviving regulatory scrutiny but preparing to thrive beyond it.

Conclusion: A Tale of Two Tokens

The XRP price remains at the mercy of Judge Torres and SEC decisions. But Ripple isn’t standing still.

Through RLUSD, it’s laying the groundwork for a more robust, diversified crypto ecosystem. Whether RLUSD will lift XRP, or simply replace it as Ripple’s flagship asset, remains to be seen.

For now, all eyes remain on the courtroom, but savvy investors are starting to look beyond it.

Stay tuned for further updates on the XRP lawsuit, Ripple ETF developments, and the rise of RLUSD in the fast-moving world of crypto finance by subscribe Bitrue blog.