Ripple’s native cryptocurrency has experienced a significant decline, dropping to $2.25 after a 3% daily drop. Despite this negative price trend, the XRP Army remains optimistic about the asset’s future, attributing their continued faith to anticipated legal updates in the ongoing dispute with the SEC. June 16th marks a crucial date for both parties, as the SEC is required to provide an update on the case status to the US Court of Appeals by this date. This deadline will likely provide some clarity on the potential resolution between Ripple and the SEC. However, market experts predict that XRP’s price may not significantly react to this upcoming event, as investors have already factored in the expected resolution. A further extension of the lawsuit remains a possibility. While XRP’s price currently struggles at $2.25, a strong narrative of utility and real-world problems being solved by Ripple’s technology might be key for driving long-term growth and potentially leading to higher prices.