A mutual request to end a judicial order and the release of a 125 million dollar penalty
The US Securities and Stock Exchange Committee (SEC) and Ripple Labs submitted another request to the American boycott court judge Analisa Tores request a solution to the current podium. According to the court files on June 12, 2025, both parties asked the court to order the release of the 125 million dollar penalty.
Requesting a joint request from the court to distribute $ 50 million to the United States to settle. The deposit suggested that the remaining money in the guarantee be directed to ripples. Last month, the court rejected a joint request by Ripple and SEC due to the lack of supportive evidence.
The effect of the CEC Motion on XRP
The last joint movement between Ripple and SEC did not have an immediate positive effect on the price of XRP. The Great ALTCOIN great, with a fully diluted evaluation by about 218 billion dollars and an average trading volume over 24 hours around 2.3 billion dollars, decreased by 4 percent for trading about $ 2.18 on Thursday, during the trading session in late North America.
In the daily time frame, the price of XRP was a potential pattern of the head and shoulder (H&S) after an impressive rise during the fourth quarter 2024. With the unification of the XRP price for the first half of 2025, many indicators, including daily MACD, indicate indicating imminent vortex feelings in the second half of the year.
However, the closed closure below the support level in which about $ 2 will indicate more pain for XRP holders in the subsequent months.
