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The XRP price remained stable on June 16 even as the U.S. SEC filed a request to pause appeal proceedings. The request was submitted to the U.S. Court of Appeals for the Second Circuit, citing an unresolved motion in the district court. This pause shifts the timeline, with the SEC set to file its next status report by August 15.

SEC Requests Pause Amid Pending Ruling

The SEC filed the request to halt the appeal due to a pending motion for an indicative ruling in the district court. This request comes after both parties jointly asked the court to reconsider the injunction stated in the Final Judgment. As a result, the appellate process has been delayed, giving the district court space to respond.

The SEC cited three reasons for the pause request: a proposed settlement, a changing regulatory stance, and the goal to reduce litigation. These factors suggest a possible shift in the agency’s enforcement strategy as it continues its oversight in the digital assets space. If approved, the pause could lead to either a revised ruling or further negotiations.

Ripple’s legal team continues to press for the injunction’s dissolution and a reduction of the penalty amount to $50 million. While this remains unresolved, the XRP price has shown no immediate negative reaction and has instead remained steady. Market watchers are now turning attention to Judge Torres’ upcoming decision as a potential price catalyst.

XRP Price Resilient as Network Activity Grows

Despite the SEC’s latest legal action, the XRP price held firm, showing a 1% increase over the last 24 hours. The token currently trades at $2.21, supported by strong technicals and bullish trader sentiment. These gains reflect growing confidence among traders, even amid legal uncertainties.

On-chain data reveals a sharp rise in XRP Ledger activity, with average daily active addresses exceeding 295,000 this past week. This marks a significant increase from the earlier average of 35,000 to 40,000 active users. The surge indicates expanding user engagement and stronger network fundamentals.

📊 The XRP ledger is showing serious signs of growth, from both a usage and key stakeholder perspective.

📈 The amount of interacting $XRP addresses has averaged over 295K per day over the past week. Its normal daily average over the past 3 months was approximately 35-40K.

🐳… pic.twitter.com/RvxE8BSFAg

— Santiment (@santimentfeed) June 16, 2025

Large wallet addresses have also seen a rise, with over 2,700 wallets now holding at least one million XRP. This accumulation signals growing interest from high-capital holders, further supporting the XRP price. Market behavior suggests growing optimism around the legal outcome.

XRP Outlook Suggests Rebound Potential

The XRP price may experience upward momentum if the court decision favors Ripple’s position. Currently, the price faces resistance at $2.29, a key level that traders are monitoring. A successful breakout could push the XRP price toward the $2.45 mark.

The long/short ratio stands at 1.02, indicating that more traders expect an XRP price increase. This ratio reflects an optimistic sentiment, as long positions now outnumber short positions. Combined with rising network metrics, this could build momentum for further gains.

XRP Long:Short Ratio. Source- Coinglass

If the ruling turns against Ripple, however, the XRP price might face downward pressure toward the $2.08 level. Traders are watching for volatility but remain focused on the upcoming court decision. Until then, the XRP price continues to show stability.

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