The price of XRP continues to firmly hold above the $2.10 support level despite legal disputes and market caution. This article discusses significant developments in the SEC and Ripple case as well as the technical aspects of the current situation.
Legal Uncertainty in SEC and Ripple Case
Attorney John E. Deaton criticized the U.S. SEC’s latest brief supporting a request for an ‘indicative ruling’ in the Ripple case. He stated the explanation lacked legal depth and did not meet the threshold of 'exceptional circumstances' required to revisit a decided case.
The motion, jointly filed by Ripple and the SEC, aims to seek Judge Analisa Torres’ consideration for revisiting a prior judgment. Deaton suggested that both parties appear confident the court will not dismiss the motion immediately. However, he questioned whether the judge would accept the limited justification presented.
Crypto lawyer Marc Fagel, who previously served with the SEC, engaged in a public discussion with Deaton, expressing uncertainty about the outcome, citing the unique nature of the motion.
RLUSD Minting Resumed and Stablecoin Regulation
Ripple has restarted the minting of its RLUSD stablecoin after a temporary pause that began in late April 2025. The suspension followed the issuance of two tranches totaling approximately 23 million tokens, which Ripple implemented to stabilize circulation and manage market value.
According to CoinMarketCap data, RLUSD’s current circulating supply is around 425.74 million tokens. As of June 13, its market capitalization reached $425.54 million, reflecting a 2.85% increase. The 24-hour trading volume also rose by 6.45% to $147.18 million.
The resumption of minting comes as the U.S. Senate prepares to vote on the GENIUS Act, which addresses the regulation of stablecoins. Ripple’s decision to resume activity suggests readiness for expected changes in the regulatory environment.
Technical Analysis and XRP Resistance
According to TradingView, the XRP pair is currently priced at $2.15785 on the 4-hour chart. The price has rebounded off the support area at $2.10 after declining off the recent highs at $2.30.
A resistance zone is developing at $2.20-$2.22, at which the asset has already experienced selling pressure. Candlestick patterns indicate small-bodied bullish candles, suggesting potential consolidation or a selling pause.
The MACD line is still below the signal line, indicating a bearish condition, but the two lines are moving close to each other. Negative bars are still seen in the histogram, though they are becoming smaller, indicating decreasing negative momentum.
The price of XRP continues to show relative strength amid legal disputes and the resumption of RLUSD minting. The cryptocurrency's future may depend on the outcome of the SEC and Ripple case, as well as on the internal dynamics of the market.
