XRP Price Surge and Bitcoin’s Rise Amid SEC Delay and ETF

Significant events are unfolding in the bitcoin market today, as XRP price surges have recaptured the $2.20 level, and Bitcoin (BTC) is trading at an impressive $94,000. The U.S. Securities and Exchange Commission’s (SEC) evaluation of Franklin Templeton’s XRP-spot ETF proposal reveals a notable delay, which likely explains the price increase. Initially set for May 1, 2025, this postponement has sparked rumors about a possible settlement between Ripple Labs and the SEC, which may influence XRP’s Market’s future and position in the cryptocurrency market.

XRP Price and SEC Delay

XRP is currently selling at $2.22, approximately 0.91% lower than the previous day’s closing price. XRP’s intraday high was reached at $2.25; its low was $2.20. Driven by further delays in the SEC’s evaluation of the Franklin Templeton XRP Fund, this price rise occurs at a time when the market has been experiencing increasing optimism about XRP.

Although many anticipated the SEC to decide by May 1, the agency has chosen to postpone the ruling, therefore extending the timeframe by 45 days. While some investors anticipating an instant approval have found the news disappointing, it has also heightened suspicions about the continuous legal conflict between Ripple Labs and the SEC.

Many in the crypto world believe the delay could be connected to potential settlement negotiations between Ripple and the SEC, which may influence the SEC’s stance on the ETF application. Legal analysts have noted that the postponement of the SEC’s filing deadline in the Ripple case is a significant development. In this significant SEC vs. Ripple case, specifically, June 17, 2025, is the next major deadline. This timing has sparked more speculation that the SEC will wait to decide on the ETF before addressing settlement negotiations.

Ripple-SEC Settlement Speculation

The SEC’s delay in approving the ETF has reignited rumors of a potential settlement between Ripple Labs and the SEC. As the legal battle between Ripple and the SEC continues to unfold, industry insiders are increasingly speculating that a settlement could be on the horizon. Ripple’s XRP has been at the center of the SEC’s enforcement action, with the SEC alleging that XRP is an unregistered security.

One possibility that has emerged in recent weeks is that the SEC could accept XRP as a form of payment in a settlement, rather than requiring Ripple to provide cash. This would make sense, given that XRP’s market value has increased significantly, and the SEC could benefit from a settlement agreement involving a higher-value asset.

Legal experts, such as Jeremy Hogan, a prominent attorney specializing in cryptocurrency cases, have suggested that the SEC may want to settle with Ripple before approving any XRP-related exchange-traded funds (ETFs). According to Hogan, the SEC is unlikely to approve an XRP ETF as long as there is legal uncertainty surrounding XRP’s status as a security. He notes that the court’s prior ruling stating that XRP is not a security is a crucial factor in the ETF approval process.

Bitcoin’s Price Surge

As Bitcoin soars to new heights—currently trading at around $94,000—it continues to dominate the headlines. Among various reasons, including improved macroeconomic conditions and increased institutional interest, Bitcoin’s recent surge is ascribed. With Bitcoin exchange reserves declining below 2.5 million BTC, one noticeable trend is

This drop in reserves indicates that institutional investors are aggressively acquiring Bitcoin at a faster pace than it is being produced, thereby increasing the price of the asset. The price is mirroring this increase in demand; Bitcoin is surpassing many critical resistance thresholds.

The growing expectation of Bitcoin exchange-traded funds (ETFs), which many analysts believe will enhance institutional access to Bitcoin, is a significant driver of this surge.

XRP’s Critical Milestone

Looking ahead, June 17, 2025, looms large as a significant milestone for XRP and the broader Cryptocurrency Market. This day marks a crucial turning point in the SEC-Ripple legal conflict and may coincide with notable developments in the approval of XRP-spot ETFs. Given the mounting speculation about a probable settlement, many legal analysts believe that Ripple and the SEC may resolve this matter before this deadline.

A positive outcome for Ripple might result in the acceptance of the first-ever XRP spot ETF, therefore transforming the digital asset market. Such a result might help XRP, hence increasing its appeal to both institutional players and ordinary investors.

Furthermore, should Ripple and the SEC come to terms, it might set a standard for other cryptocurrencies vying for ETF certification, therefore allowing a flood of institutional crypto investment.

Final thoughts

The events in the bitcoin market today highlight the dynamic and erratic character of the sector. Positive indicators include XRP’s price surge and Bitcoin’s ongoing ascent; nevertheless, the ambiguity surrounding the SEC’s decisions on ETF approvals and settlement negotiations remains significant.

The bitcoin community remains hopeful that the conclusion of the Ripple lawsuit will pave the way for increased adoption of XRP and other digital assets, despite the postponement of the review of the Franklin Templeton XRP Fund. As June 17, 2025, approaches, all eyes will be on the SEC’s subsequent actions and how they will impact the future of XRP, Bitcoin, and the broader cryptocurrency market.