Legal background and latest developments
On June 21, Ripple’s legal advisor Bill Morgan explicitly responded that there would be no situation of the government seizing XRP tokens, alleviating some investors’ concerns about the forced transfer of assets in custodial accounts. At the same time, the settlement process between Ripple and the U.S. Securities and Exchange Commission (SEC) is also progressing as planned. Since the agreement was signed on April 23, both parties have received court approval to postpone the appeal process until June 16.
Price Review and Trend Analysis
Figure:https://www.gate.com/trade/XRP_USDT
Due to the negative news in recent days, XRP has experienced significant fluctuations since mid-June. As of the latest data, the price of XRP hovers between $1.93 and $2.10, currently reported at $2.019, down 1.91% within 24 hours. This price range is closely aligned with the support level of $2.09, as the market is digesting the uncertainty brought about by legal developments.
Legal risk assessment
- Confiscation risk: With lawyers making public statements and technical limitations, it is almost impossible for the government to directly implement confiscation through the XRPL validator mechanism.
- Settlement Risk: If the SEC changes the settlement terms, Ripple still faces a $50 million fine and restrictions on token sales, which may exert long-term pressure on the market supply side.
- Regulatory Environment: The regulatory attitude towards XRP in major global markets is becoming increasingly clear, which is favorable for large institutions to reassess and enter the market.
Investor Strategies
- Follow the ruling process: Continuously track the court’s handling of the joint motion on June 12. If there are no significant changes, the legal bearish sentiment is basically settled.
- Buy on dips: You can buy in batches in the range of $1.93–$1.95, and after the legal risks are completely settled, a rebound is expected.
- Risk hedging: It is recommended to allocate a small amount of stablecoins or other mainstream cryptocurrencies to diversify legal and market volatility risks of a single asset.
Against the backdrop of legal uncertainties gradually dissipating, XRP has shown resilience around the support range of $2.09. For novice investors, understanding the dual factors of legal proceedings and technical aspects, and scientifically formulating entry and stop-loss points, will help achieve relatively stable returns in the next wave of market movements.
