XRP News Today: Ripple's XRP surges 50% as SEC case nears end

Ripple's legal battle with the U.S. Securities and Exchange Commission (SEC) is nearing its conclusion, with no signs of delay according to Marc Fagel, a former SEC enforcement attorney. The ongoing process, which involves an internal SEC vote to approve the dismissal of the case, is standard and not an indication of stalling tactics. This vote is a mandatory step that typically takes one to two months, during which the SEC must authorize enforcement staff to file dismissal papers jointly with Ripple before the case can be officially closed in court.

Fagel addressed speculation around SEC closed-door meetings, clarifying that such meetings are regular administrative events and not focused on the Ripple case. Despite the legal formalities, XRP has seen significant market activity, surging 50% over the last 19 days. At the time of writing, XRP trades at $2.97, testing resistance levels last seen during the 2021 rally. A break above the psychological $3.00 mark could send the asset to its all-time high of $3.84, last seen in January 2018. Analysts attribute this surge to improving investor sentiment around Ripple’s regulatory clarity and renewed interest across the broader crypto market.

The legal resolution coincides with an important moment in the U.S. legislative calendar. Crypto Week 2025, happening from July 14 to 17, will focus on three major bills that could change the face of digital asset regulation. These bills include the CLARITY Act, which categorizes crypto assets as securities or commodities; the GENIUS Act, which provides a regulatory framework for stablecoins; and the Anti-CBDC Act, which limits the U.S. Federal Reserve’s ability to issue central bank digital currencies. If these bills pass, they will further clarify Ripple’s regulatory status, especially around the XRP token.

In a news cycle driven by speculation, it’s easy to make assumptions. However, the reality, as Fagel points out, is more reassuring. The Ripple SEC case isn’t being stalled; it’s wrapping up with normal legal due diligence. The convergence of procedural timing, XRP’s price rally, and a politically charged regulatory week makes for an interesting backdrop. If the SEC votes and files the dismissal as expected, Ripple could soon put an end to a legal saga that started in December 2020. More importantly, it may do so just as the next phase of crypto regulation begins.