XRP News Today: ETF Odds Drop to 85% Amid Legal Setbacks; BTC Holds at $110k

SEC vs. Ripple: Settlement Hopes Dim as Key Deadline Nears

Investor focus returned to the SEC vs. Ripple case on Tuesday, June 10, with a court file and a critical deadline looming. In April, the US Court of Appeals granted a 60-day abeyance on the SEC’s appeal. Ripple and the SEC filed a joint motion to pursue a potential settlement of Judge Analisa Torres’ Final Judgment. Proposed terms included vacating the injunction prohibiting XRP sales to institutional investors and reducing the $125 million penalty.

The SEC must file a status report with the Court of Appeals by June 16. However, Judge Torres denied the agency’s request for an indicative ruling on the settlement terms, retriggering legal uncertainty. If the SEC cannot convince the courts to lift the injunction and lower the fine, Ripple may move forward with its cross-appeal while the SEC proceeds with its own.

Investors had expected the SEC to file a second request for an indicative ruling before the June 16 deadline. However, the agency has remained silent, casting doubt on a summer resolution.

Judge Torres’ ruling on settlement terms triggered an XRP drop from $2.6553 on May 12 to a June 5 low of $2.0607. Although the token has reclaimed the $2.30 level, it remains well below its 2025 high of $3.3999, underscoring the lawsuit’s continued influence.

Appeal Dynamics and XRP-Spot ETF Prospects

ETF speculation added another layer to market sentiment. On June 10, Bloomberg Intelligence analyst Eric Balchunas suggested an active summer for altcoin-spot ETFs, noting:

“Get ready for a potential Alt Coin ETF Summer with Solana likely leading the way (as well as some basket products) via James Seyffart’s note this morning, which includes odds for all the spot ETFs.”

Yet, due to the ongoing Ripple case, the likelihood of an XRP-spot ETF approval in 2025 stands at 85%—below Litecoin, Solana, and basket ETF offerings. These odds could decline further if Judge Torres denies another SEC request, pushing both parties toward their respective appeals.

In October 2024, the SEC appealed against the Programmatic Sales of XRP ruling. Judge Torres ruled that programmatic sales of XRP did not satisfy the third prong of the Howey Test.

Since then, the SEC’s stance on cryptos has changed dramatically following former SEC Chair Gary Gensler’s departure from the agency, boosting hopes of a broader altcoin-spot ETF market.

XRP Price Outlook: Court Filings and ETF News

XRP fell 0.66% on Tuesday, June 10, partially reversing Monday’s 2.36% gain to close at $2.3064. The token underperformed the broader market, which rose 0.88%, lifting the total crypto market cap to $2.42 trillion.

The near-term XRP outlook remains tied to legal developments and ETF-related headlines. A break above $2.35 could signal a move toward $2.5 and the May 12 high of $2.6553. A sustained move through $2.6553 may pave the way to $3 and the record high of $3.5505. Conversely, a break below the 50-day EMA could bring the 200-day EMA and the $1.9299 support level into play.

For a deeper dive, see our full XRP forecast here.

Bitcoin Steadies Amid Trade Talks and Treasury Demand

While XRP wavered, bitcoin (BTC) hovered at $110k as US-China trade talks continued. Although US Commerce Secretary Howard Lutnick stated talks were going well early in Tuesday’s session, there were no major developments to trigger BTC breakout. Nevertheless, optimism over a potential agreement bolstered BTC demand.

GameStop Spotlights BTC as a Treasury Reserve Asset

While markets remained fixated on US-China trade talks, GameStop (GME) made crypto headlines on June 10. The company released its Q1 earnings for the quarter ending April 2025, topping earnings estimates. GameStop acquired 4,710 BTC in May and June 2025, aiming to follow MicroStrategy’s bitcoin strategy. However, the firm did not purchase BTC in Q1, limiting the impact of the earnings report on BTC price trends.

Still, increasing interest in BTC as a Treasury Reserve Asset could further constrain supply, a bullish factor.

MicroStrategy (MSTR) Chairman Michael Saylor reaffirmed his bullish stance following the firm’s recent 1,045 BTC purchase, forecasting a $1 million price tag. ARK Invest CEO Cathie Wood recently echoed that optimism, projecting a $1.5 million target by 2030.

US BTC-Spot ETFs Inflows Resume

The US BTC-spot ETF market reflected improved investor sentiment on June 10. According to Farside Investors, key flow trends included:

• Fidelity Wise Origin Bitcoin Fund (FBTC) saw net inflows of $67.1 million.
• ARK 21Shares Bitcoin ETF (ARKB) reported net inflows of $20.3 million.
• Meanwhile, Bitwise Bitcoin ETF (BITB) had net outflows of $0.6 million.

Excluding pending flow data for BlackRock’s (BLK) iShares Bitcoin Trust (IBIT), the US BTC-spot ETF market saw total inflows of $94.5 million after inflows of $386.2 million on June 9.

BTC Price Outlook: Trade Developments, US Data, and ETF Flows

BTC closed flat at $110,254 on June 10, following a 0.20% gain on Sunday. Short-term price action hinges on legislative developments, incoming US inflation data, US-China trade talks, and ETF flows.

Potential scenarios:

• Bearish Scenario: Failed US-China trade deal, legislation setbacks, rising US inflation, and ETF outflows could send BTC toward the 50-day Exponential Moving Average (EMA) and $100,000.
• Bullish Scenario: A meaningful US-China trade deal, bipartisan support for crypto bills, softer US inflation, and ETF inflows could send BTC above the all-time high of $111,917.

What to Watch

Investors should closely monitor court filings in the Ripple case, legislative developments, U.S.-China trade updates, and ETF flow data. These factors remain pivotal for XRP and BTC price trajectories and could determine whether either token revisits record highs.

Explore analyst forecasts on where XRP and BTC may head next as legal and political factors unfold.