XRP vs SEC: Legal Optimism Lifts Price 4% Despite Geopolitical Tensions

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.

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.

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.