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XRP Price Suffers Again but Can June 16 Change Everything for Ripple?

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TL;DR

  • Alongside the rest of the crypto market, Ripple’s native token has headed south with a 3% daily decline that has pushed it to $2.25.
  • The XRP Army, though, remains bullish on the asset’s future price performance, especially since a key date in the legal case between Ripple and the SEC is approaching.

Save the Date: June 16

It has been nearly three months since Ripple CEO Brad Garlinghouse triumphantly announced on X that the legal spat between his company and the US securities regulator had effectively come to an end. Although both parties indeed reached an agreement regarding the payment Ripple has to make, Judge Torres rejected their joint motion, which would have extended the lawsuit, and there is no official conclusion yet.

Judge Torres argued that the agency and the company failed to file the motion correctly under Rule 60. As of now, June 16 stands as the most crucial date for a major update about the potential resolution between the two, as the SEC must file a status update with the US Court of Appeals by that date.

Numerous XRP Army members outlined the significance of the date, including perma-bull John Squire. He asked his over 500,000 followers whether Ripple’s XRP will finally get regulatory clarity after Monday.

It’s worth noting that this is not a “settlement or bust” date for the case, but it’s an important deadline for a procedural update. Any real settlement would still require Judge Torres’s final approval, which could take more time.

Will XRP’s Price React?

Although June 16 could have significant implications in the legal case between Ripple and the SEC, market experts believe it won’t have a big positive impact on XRP’s price movements. After all, the hype surrounding the closure of the case has come and gone, and investors have already factored its resolution. However, there could be further pain on the horizon if the case is extended again, as it has been in the past.

For now, XRP’s price struggles at $2.25 following a 3% daily drop. Still, the XRP Army continues to be highly bullish on the asset’s future price trajectory, marking some mindblowing targets like the one below.

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Cryptocurrency

Ethereum Price Analysis: Is ETH Gearing Up for a Surge to $4K?

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Ethereum continues to show strong momentum as the price hovers just under a key level, supported by sustained bullish structure and growing market interest. With spot prices holding above major moving averages and an aggressive rally from June lows, all eyes are on whether ETH can break above the $4,107 level.

Technical Analysis

By ShayanMarkets

The Daily Chart

On the daily chart, Ethereum is respecting its bullish structure, having flipped the $3,300 zone from resistance into support. The 100-day and 200-day have also created a bullish crossover, providing additional confirmation of the trend.

Moreover, the RSI, which recently entered overbought territory, has slightly cooled down but remains elevated, suggesting that momentum might be overheated. Yet, the clean sweep and reclaim of prior highs around $3,300 reflect strength and commitment from buyers, and as long as this level holds, the bulls are in control.

This structure is a classic sign of trend continuation, especially when supported by strong volume and momentum indicators. If the price begins to expand again from this consolidation range, the next upside target would likely be the $4,400 region, where Ethereum topped during previous cycles.

Conversely, a break below $3,300 would raise concerns of a deeper retracement, but for now, that scenario seems less likely unless broader market weakness emerges.

The 4-Hour Chart

The 4H chart further supports the bullish case with a clearly defined ascending trendline holding the price. The asset continues to respect the trendline, and each dip has been met with strong buying interest, signaling that bulls are still active and defending the uptrend.

However, some caution is warranted in the short term, mainly due to the overbought conditions on the daily chart. If ETH fails to hold above the $3,700 zone or loses the ascending trendline, a short-term correction toward $3,500 would be a healthy reset. This level also aligns with the daily support block, making it a logical area for buyers to step in again if tested.

On-Chain Analysis

Ethereum Open Interest

On the sentiment side, Ethereum’s open interest across all exchanges has surged to over $27 billion, marking its highest point in years. This indicates a massive influx of leveraged positions and reflects growing speculative appetite in the market. Historically, rising open interest in tandem with rising price signals confidence and trend strength, but it also increases the risk of a long squeeze if the market turns.

What’s notable, however, is that despite the elevated OI, funding rates remain at relatively moderate levels. This suggests that the majority of traders are not excessively over-leveraged, and we are not yet seeing the kind of euphoria typically associated with major tops.

It gives Ethereum more room to push higher without the immediate threat of a sharp deleveraging event. For now, positioning remains optimistic but not overheated, keeping the path open for a potential breakout above $4,100.

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Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk. See Disclaimer for more information.

Cryptocurrency charts by TradingView.

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Cryptocurrency

Trump’s EU Trade Deal Sparks Crypto Surge: BTC Nears $120K, BNB Breaks ATH

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Just a few weeks after announcing new 30% tariffs against the European Union and Mexico, US President Donald Trump sat down with the former’s leader to discuss deal terms.

The meeting between Ursula von der Leyen and Trump in Turnberry, Scotland, appeared to be productive, as both parties said they reached a framework for a trade deal.

According to details shared by CNN, the EU has agreed to purchase $750 billion worth of energy from the US, as well as invest an additional $600 billion.

The initial 30% tariffs on almost all goods, aside from steel and aluminum, which will be set at 50%, were announced two weeks ago and were supposed to be enforced starting on August 1.

Although the EU will invest the aforementioned billions in different US-related initiatives, Trump said he could not lower the tariffs any further than a 15% across-the-board taxation.

Tariff news typically impacts the cryptocurrency market, although the effects have diminished in recent months. Back in April, the entire market tumbled as Trump announced tariffs against essentially all other countries.

Now, though, any new threats or announcements lead to less volatility. Still, a few digital assets began to chart gains after the news of the new deal was released.

BNB is among the top performers in the past few hours, which resulted in a price pump to a new all-time high of over $825 minutes ago. BNB has reclaimed its spot as the fifth-largest cryptocurrency from SOL.

BTC has also risen slightly and now trades above $119,000. ETH is up by over 3% on a daily scale and sits close to $3,850.

BTCUSD. Source: TradingView
BTCUSD. Source: TradingView
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Here’s Why Base Is Crushing Other Ethereum Layer 2s in Revenue

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Base, the Coinbase-incubated Ethereum Layer 2 network, has emerged as the most profitable rollup in the ecosystem, as it generated an average of $185,291 in daily revenue over the past six months.

With the latest figure, Base has far outpaced Arbitrum’s $55,025 and the combined $46,742 of 14 other top Layer 2s.

Base Captures Majority of L2 Market Share

In its latest analysis, Galaxy Digital explained that Base’s lead is supported by its EIP-1559-inspired fee model, which enables “dynamic” auction-based priority fee collection rather than strict first-come-first-served (FCFS) ordering.

The sequencer prioritizes transactions based on the highest priority fee per unit of gas and allows users to pay premiums for urgent execution. This enables Base to monetize block space demand efficiently.

Ethereum’s Pectra upgrade, which reduced Layer 1 posting costs via blob-enabled data submission, has further improved Base’s efficiency in monetizing block space while maintaining low transaction fees.

While Arbitrum introduced Timeboost in April 2025 to enable slot-bidding for express execution, it remains a predictive, fixed-rate system that is less reactive than Base’s per-transaction bidding. This makes the former less effective at capturing sudden spikes in user demand.

Over the past six months, priority fees alone have averaged $156,138 per day for Base. The chain accounted for about 86% of its daily revenue. Transactions occupying the top slot of each block contributed 30%-45% of daily revenue year-to-date in 2025, while the top 10 slots have accounted for between 50%-80% of daily revenue over the same period.

Meanwhile, “Flashblocks,” which was implemented on the Layer 2 network on July 16, introduced sub-block confirmations that allow high-priority transactions to land in lower slots while still receiving near-instant execution. This has resulted in a more even distribution of priority fees across block slots without reducing overall fee generation. Such a system in place has helped Base maintain strong revenue capture despite changes in slot allocation.

Base’s Revenue Engine

It is important to note that Base’s dominance in decentralized exchange (DEX) activity has been a major driver of its revenue. The network has consistently captured 50%-65% of Layer 2 DEX volume and holds the highest DEX TVL among Layer 2s, excluding perpetual DEX platforms.

Historically, priority fees tied to DEX swaps contributed 50%-70% of daily fees paid to Base. However, this share has declined to around 34% in recent weeks and reflects increased base fees and growing non-DEX competition for block space across the network. Despite this dip, DEX swaps have been observed to be a primary contributor to Base’s fee generation, especially in time-sensitive trades and maximum extractable value (MEV) strategies.

Data also indicates that a small cohort of users dominates priority fee payments, with 250 addresses accounting for nearly 65% of all priority fees paid over the past year.

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