XRP Price Analysis: XRP Experiences Impressive Turnaround Amid Institutional Interest Surge as SEC Showdown Continues

In a remarkable development XRP the digital asset that is closely associated with Ripple Labs has witnessed a turnaround in recent days. According to the current market data XRP is trading at $0.5061 which is a 0.28% gain in the last 24 hours and 3.24% increase in the last 7 days. With a market cap of $28 billion XRP secures the seventh position among the leading cryptos.
Impressively in the last 24 hours XRP has surged by 120% in its trading activity to record $2.4 billion currently.

One key factor driving XRP resurgence is the surge in institutional interest. Data from CoinShares reveals that over the past week XRP investment funds recorded inflows of $1.1 million marking the second consecutive week of positive flows for the token.

This institutional interest is particularly noteworthy when compared to the performance of other leading cryptos. For instance  Bitcoin funds lost over $600 million during the same period while only Ethereum with inflows of $13.1 million, outperformed XRP in terms of institutional investment.

Remarkably XRP has recorded higher inflows than several other prominent digital assets this month including Solana, BNB, Litecoin, Chainlink and Cardano. This trend highlights the growing confidence of institutional investors in XRP potential and shows the increasing acceptance within the broader crypto market

Taking a closer look at XRP price movements on the daily chart XRP recently broke down below an ascending trendline on June 7th creating a low of $0.45 at the support level.

However on the 4-hour chart a sharp surge to the upside occurred today indicating that XRP is poised for a potential rebound.

The 4-hour Relative Strength Index (RSI) stands at 52 currently showcasing the bullish momentum as it tries to push prices and close above the resistance level. Still a bullish crossover has occurred with the Moving Average Convergence Divergence (MACD) line rising above the signal line. If this bullish momentum continues and XRP manages to break and close above the ascending trendline it would confirm a rebound in the near term.

In a separate development also the United States Securities and Exchange Commission (SEC) has criticized Ripple Labs latest argument for a lower penalty. On June 13 Ripple cited the SEC settlement with Terraform Labs when it again asked Judge Analisa Torres of the United States District Court for the Southern District of New York for a penalty of "no more than $10 million" – far lower than the regulator's proposed $876.3 million civil penalty.

However the SEC argued in a June 14 letter to Torres that its $4.5 billion settlement with Terraform Labs and its co-founder Do Kwon – inclusive of a $420 million civil penalty – was made as the firm is bankrupt, agreed to return money to investors, and fired leaders "in charge at the time of the violations." The SEC stated that Ripple's argument that Terraform's $420 million civil penalty was around 1.27% of its "$33 billion gross sales" wasn't an "apples-to-apples comparison."

The regulator further argued that if the same ratio were applied to the $876.3 million of Ripple gross profits it asked to disgorge Ripple's civil penalty would be $102.6 million. The SEC maintained that "a low penalty would not satisfy the purposes of the civil penalty statutes."