All news is rigorously fact-checked and reviewed by leading blockchain experts and seasoned industry insiders.
- XRP surges 10% as hopes for a court settlement and a potential end to the Iran-Israeli war boost investor confidence.
- The Canadian XRP ETF has seen early success, hitting C$32 million AUM in days, fuelling pressure for a U.S. spot fund approval.
XRP gained fresh momentum after rising 10% on renewed speculation over a possible court ruling in the Ripple lawsuit and news of Donald Trump’s ceasefire announcement. Investors reacted quickly to the developments, pushing the price higher as optimism returned.
Court Settlement Buzz Pushes XRP Past Key Resistance
In a recent post, we reported that the XRP Ledger reached 295,000 daily users, a showcase of bullish sentiment. Interestingly, on Monday, June 23, XRP rose by 6.9%, reversing its Sunday decline and closing at $2.1607.
It is worth noting that the move outpaced the broader crypto market, which gained 4.93% and brought the total market cap to $3.21 trillion. Meanwhile, the rally also followed growing expectations that the SEC v Ripple case may not drag into 2026, despite early social media claims.
In a recent social media post, Lawyer Bill Morgan criticized the idea of a long delay, calling it improbable. Unless Judge Analisa Torres rejects the joint settlement motion and both sides proceed with appeals, the case could end soon.
Ripple would pay a reduced $50 million penalty if the judge approves, and the SEC would drop its appeal. That would remove a key legal obstacle for XRP, especially in the push for a U.S.-based XRP-spot ETF.
Market watchers say the outcome could directly influence future institutional demand. Polymarket odds for the ETF approval have dropped from 98.2% to 74% since June 3, reflecting cautious optimism.
However, as highlighted in our previous article, Eric Balchunas and James Seyffart stated recently that XRP now holds a 95% chance of ETF approval, up from 75%. If Judge Torres rules in Ripple’s favor and lifts the injunction on institutional sales, the regulatory fog could begin to clear.
XRP ETF Demand Surges in Canada as Trump Comments Add Fuel
The launch of the 3iQ XRP ETF on the Toronto Stock Exchange also contributed to the price movement.
After three days of trading, the fund reached C$32 million in assets under management, making it the largest XRP-focused ETF in Canada. The performance echoed the success of the firm’s earlier Solana ETF and signalled a strong appetite among both retail and institutional investors.
3iQ’s President, Pascal St-Jean, said the early demand shows investors seeking exposure to digital assets like XRP. The Canadian market’s response adds weight to arguments for a similar fund in the U.S., which remains blocked by regulatory uncertainty.
Meanwhile, President Donald Trump’s surprise announcement supporting a temporary ceasefire in ongoing conflicts in the Middle East has provided another positive signal for risk markets. Traders saw it as a move that could ease geopolitical tensions and support broader positive market sentiment, including for digital assets.
In the coming days, XRP’s price path will likely depend on Judge Torres’ decision, any movement in the SEC’s stance, and fresh news around the XRP-spot ETF landscape. As of this writing, Marketcap data shows that XRP is trading at $2.17, up 10% in 24 hours.
