The price of XRP has climbed 7% in the last 24 hours, reaching $ 2.32, while cryptographic markets become green in the midst of increasing gossip to soften tensions in the Middle East and major developments in the long-standing trial of the dry.
After a recent uncertainty of the market caused by the Israel-Iran conflict, cryptography prices are starting to recover. XRP, in particular, experienced a strong increase, with a volume of trading dubbing during this price leap. The token not only erased the losses of last week’s sale, but also recovered its key price area around $ 2.30.
A great reason behind the XRP rally is the crucial deadline of the Court today, on June 16, 2025, in the Ripple against dry case. If the two parties do not submit a corrected request by the end of the day, the case could come to a complete call, leading to the case for months. However, if they manage to pay or deposit the necessary documents, this could lead to a favorable result for Ripple – possibly classify XRP as non -security for retail sales. This could open the door to financial products supported by XRP such as ETFs and settle the trial by mid-2025.
There are also news from FET. Purput Investments, a large asset management company, may have received its final reception from the prospectus, which can develop how to launch its ETF XRP soon. If it is approved, it would be an important step for the adoption of XRP on traditional markets.
Adding to the positive feeling, the former president of the CFTC, Christopher Giancarlo, recently revealed that American regulators actively discussed the idea of the obligations supported by Bitcoin and XRP. This news has aroused investors, strengthening market confidence around XRP’s future potential.
