After a wave of liquidations swept through the crypto
markets, traders are now eyeing signs of recovery, led by battered altcoins
like Solana, XRP, and Dogecoin. One of the factors behind the positive sentiment is the case between XRP and the SEC. This is despite the ongoing geopolitics in the Middle East.
Geopolitics Trigger Liquidation Spiral
Markets unraveled on Saturday after U.S. President Donald Trump confirmed coordinated airstrikes on Iran’s nuclear
sites. The strikes caused immediate sell-offs across digital assets, forcing
exchanges to liquidate positions in bulk.
However, by Monday, the crypto market appeared to be
stabilizing. Bitcoin regained the $101,000 mark, Ethereum hovered around $2,280, Solana edged up to $135, and XRP pushed back above $2. Though losses remained visible on the daily chart, the pace of
recovery hinted at renewed spot demand and bargain hunting.
Still, uncertainty remains. The U.S. has warned of
stronger responses if Iran retaliates, and any disruption to oil shipping through the Strait of Hormuz could rattle global markets and spill over into
risk assets like crypto.
While Bitcoin’s volatility dominated headlines,
altcoins quietly mounted a stronger recovery. This resilience may signal a return to risk-on
behavior, with investors betting that the macro uptrend remains intact despite
geopolitical headwinds.
Ripple’s XRP Case May End Sooner Than Expected, Lawyer
Says
As the long-running legal clash between Ripple and the
U.S. Securities and Exchange Commission (SEC) nears its end, fresh developments
suggest a final ruling may arrive earlier than anticipated, although some analysts foresee a delay.
🚨SEC Ripple Case Update…🚨We have a “possible” delay. We can always get an answer at any time. This is definitely a delay tactic for the Genius Act. They want the “law” to pass in order to solidify the case.We still have The Genius Act, XRP ETFs & other surprises this week!… pic.twitter.com/6gRoEib7Zw
— The Real Remi Relief 🙏✝️💪 (@RemiReliefX) June 17, 2025
According to legal expert Bill Morgan, Judge
Analisa Torres could act swiftly, potentially resolving a case that has become
a defining battle for crypto regulation.
Ripple and the SEC jointly filed a revised motion on
June 12 asking the court to lift the long-standing injunction that limits
Ripple’s ability to sell XRP.
More about XRP: This Analyst Who Called XRP’s 600% Rally Just Made Another Bold Price Prediction
The SEC simultaneously asked the Court of Appeals to
pause the ongoing appeal process for 60 days, a request the court approved,
setting a soft deadline of August 15. This led to speculation that no ruling would come
until mid-August. But Morgan argues otherwise.
Wrong. Ripple is the source of the delay. It wants the injunction dissolved. Rather than cause the delay the SEC is actually bending over backwards to help ripple have the injunction dissolved. Ripple and the SEC would have settled months ago but for Ripple wanting to dissolve… https://t.co/1YPRgxes0n
— bill morgan (@Belisarius2020) June 18, 2025
In a pointed observation, Morgan disputed claims that
the SEC had been stalling. He stated that Ripple, not the regulator, caused
much of the holdup by insisting the injunction be removed.
This article was written by Jared Kirui at www.financemagnates.com.
