XRP News Today: XRP Surges 35% Amid Legal Clarity and Whale Accumulation

Legal expert Bill Morgan has corrected recent misinformation regarding the ongoing Ripple vs. SEC case, particularly addressing the mischaracterization of August 15 as a definitive legal deadline. The confusion stems from a post by Fabio Zuccàra, who suggested that a decision from Judge Analisa Torres was still pending and that August 15 marked a critical turning point. Morgan clarified that Judge Torres’ involvement in the case has concluded and that the current proceedings are procedural, no longer involving the court [1].

Morgan emphasized that the SEC commissioners are now tasked with voting on dismissing their appeal. Ripple, having publicly committed to dropping its own appeal, has also paid a $125 million penalty into escrow, fulfilling one of the settlement’s key conditions [1]. The legal expert stressed that August 15 is not a hard deadline for dismissing appeals but rather a date by which both parties must submit a joint status report to the appeals court. While it is likely that the appeals will be dismissed before this date, Morgan noted that an extension remains technically possible, though improbable [1].

The conditional settlement, previously signed by both parties, required a mutual withdrawal of appeals. However, the court’s refusal to approve a modified injunction and reduced civil penalty left the agreement’s terms unfulfilled. While both appeals remain technically active, they are expected to be withdrawn soon, provided the SEC votes in favor [1].

Despite the procedural clarity, market speculation persists, especially as XRP has seen a 35% increase in the past month, reaching $3.05. Analysts attribute this surge to institutional interest, whale accumulation, and expectations of a favorable resolution in Ripple’s case. Whale wallets have accumulated over $60 million in XRP recently, while CoinShares data shows significant inflows into XRP-related investment products totaling $31.26 million [2].

Market observers have speculated that a status update from the SEC around August 15 could mark a pivotal moment for Ripple and the XRP market. If the SEC confirms a favorable outcome, it may pave the way for XRP spot ETF approvals, with a potential decision by October 17 [2]. These developments have rekindled discussions about XRP’s potential to reach new all-time highs in 2025, especially with the introduction of an Ethereum-compatible sidechain enhancing its real-world utility [2].

Despite bullish technical indicators and growing institutional involvement, analysts caution that the $100 price target remains speculative. Current market action suggests $3 may represent the last optimal entry point before a further upward move [2]. With regulatory clarity, whale activity, and expanding use cases converging, XRP continues to be supported by strong fundamentals heading into the remainder of 2025 [2].

Source:

[1] XRP Case Update: Legal Expert Corrects Inaccuracies About August 15 Deadline, Times, https://timestabloid.com/xrp-case-update-legal-expert-corrects-inaccuracies-about-august-15-deadline/

[2] XRP Soars 35% in a Month: Will Ripple's Legal Win and Whale Activity Send Price to New Highs?, NewsBTC, https://www.newsbtc.com/news/ripple/xrp-soars-35-in-a-month-will-ripples-legal-win-and-whale-activity-send-price-to-new-highs/