XRP and Bitcoin Both Show Bullish Signs, But for Very Different Reasons

XRP is rallying on growing optimism for a favorable ruling in its SEC case this week. Analysts have given Ripple a 70% chance of winning a key motion before Judge Torres. Bitcoin is also showing strength, holding key technical support above $107,000. XRP continued its upward momentum, trading at $2.19 (+2.2%) over the past 24 hours, as legal optimism grows around Ripple’s chances of success in its latest joint motion with the SEC. Meanwhile, Bitcoin (BTC) is holding strong at $107,019, gaining nearly 2% and showing signs of renewed bullish momentum on technical indicators, as per CoinMarketCap data . This market strength is being driven by two distinct narratives: a specific, high-stakes legal catalyst for XRP and a solid technical recovery for Bitcoin. XRP: Legal Winds Shift in Ripple’s Favor The SEC vs. Ripple case enters a potentially decisive phase this week. The SEC must file a settlement status update with the court today, June 16. If it does not, Ripple will proceed with its reply brief regarding the SEC’s ongoing appeal. While that filing is procedural, market watchers are more focused on Judge Analisa Torres, who is reviewing a second … The post XRP and Bitcoin Both Show Bullish Signs, But for Very Different Reasons appeared first on Coin Edition .

Source: Coin Edition