XRP News Today: Ripple Legal Case Nears Resolution as SEC Faces August Deadline for Appeal Decision

Ripple’s legal battle with the U.S. Securities and Exchange Commission (SEC) remains in a critical phase as of July 30, 2025, with key developments pointing to a near-term resolution. Legal expert Bill Morgan has confirmed that the SEC has not yet withdrawn its appeal, despite ongoing expectations of a quick decision. However, the agency is required to file a joint status update with the U.S. Court of Appeals by August 15, 2025, effectively setting a de facto deadline for action [3]. This update could signal the end of a protracted legal dispute that began in 2020, when the SEC sued Ripple for alleged violations of securities law through the sale of XRP [7].

The case reached a pivotal moment in July 2023 when U.S. District Judge Analisa Torres issued a landmark ruling. She determined that XRP sales on secondary markets were not securities, but Ripple still faced a $125 million penalty for institutional sales of the token [3]. Both parties subsequently appealed, but Ripple CEO Brad Garlinghouse announced on June 27, 2025, that his company had withdrawn its cross-appeal, signaling a willingness to close the legal chapter. The SEC, however, has yet to make a similar move [7].

Analysts suggest that the SEC may be preparing to withdraw its appeal as well, potentially through internal procedures that include a vote by commissioners. Former SEC attorney Marc Fagel has indicated that such a withdrawal might already be in motion behind the scenes [3]. If the SEC does decide to withdraw, Judge Torres’s ruling will become final, formally establishing that XRP is not a security when sold on public exchanges. This outcome would remove a major regulatory uncertainty and could open the door to broader adoption, including potential U.S. ETF approvals [9].

Market reactions have been mixed. On July 30, XRP dipped 0.75% to $3.101 amid lingering legal uncertainty but has since rebounded slightly above $3.15, with analysts watching for a retest of a double-bottom pattern near $3.10 [9]. A successful retest could signal strong support for a move toward $3.40, especially if the SEC’s appeal is withdrawn. Some analysts have predicted a potential 50% surge in XRP’s price in August, driven by both renewed institutional interest and the possibility of ETF approvals [6].

Despite the optimism, legal clarity remains conditional on the SEC’s actions. If the agency requests more time or proceeds with its appeal, the case could drag into 2025, prolonging uncertainty for XRP and the broader crypto market. With a key vote expected on July 31, the coming weeks will determine whether Ripple and XRP gain the long-awaited regulatory clarity that has eluded them for years [9].

Source:

[1] Tech Founder Expects XRP Price Surge If SEC Drops Ripple Appeal Soon (https://coincentral.com/tech-founder-expects-xrp-price-surge-if-sec-drops-ripple-appeal-soon/)

[2] Ripple (XRP) News Today July 30th (https://cryptopotato.com/ripple-xrp-news-today-july-30th/)

[3] Legal Expert Says There Is No Deadline for the SEC to Withdraw Its Appeal on Ripple (https://thecryptobasic.com/2025/07/30/legal-expert-says-there-is-no-deadline-for-the-sec-to-withdraw-its-appeal-on-ripple/)

[4] XRP News Today: XRP Dips 15% Amid SEC Legal Uncertainty and Market Volatility (https://www.ainvest.com/news/xrp-news-today-xrp-dips-15-sec-legal-uncertainty-market-volatility-2507/)

[5] XRP (Ripple) Just Did Something It Hasn't Done Since 2018 (https://www.fool.com/investing/2025/07/30/xrp-ripple-did-it-hasnt-done-2018-foreshadow-move/)

[6] XRP Price Could Surge 50% in August If SEC Drops Ripple Appeal (https://www.fxleaders.com/news/2025/07/30/xrp-price-could-surge-50-in-august-if-sec-drops-ripple-appeal/)

[7] Ripple (XRP) vs SEC Lawsuit Update As of July 30, 2025 (https://timestabloid.com/ripple-xrp-vs-sec-lawsuit-update-as-of-july-30-2025/)

[8] Is Ripple v. SEC Lawsuit Finally Ending? (https://www.tradingview.com/news/u_today:144473e0a094b:0-is-ripple-v-sec-lawsuit-finally-ending-crypto-lawyer-shares-major-take/)

[9] XRP Retests Double Bottom While SEC Vote Hangs in Balance (https://coinpaper.com/10266/xrp-retests-double-bottom-while-sec-vote-hangs-in-balance)