XRP News Today: XRP Plummets 5.6% After Ripple SEC Case Delay

XRP investors experienced a sudden and significant price reversal this week, with the asset plummeting from above $2.30 to around $2.17. This sharp decline, described by analyst EGRAG Crypto as a “nasty candle,” occurred just as XRP appeared to be regaining bullish momentum amid rising institutional interest and renewed optimism over a legal resolution in the Ripple vs. SEC case.

The timing of the drop was particularly notable, as it happened immediately after a significant legal development. Ripple and the U.S. Securities and Exchange Commission had submitted a joint status report to the U.S. Court of Appeals for the Second Circuit, requesting that the appellate case remain on hold. This filing asked the court to continue pausing the proceedings while Judge Analisa Torres of the district court considers a refiled joint motion for an indicative ruling, a move that could pave the way for a final settlement. This new motion was submitted a few days ago after Judge Torres rejected the initial proposal on procedural grounds.

What was initially perceived as a step toward closure quickly turned into a new setback. The appellate court’s decision has now been postponed until August, undermining the bullish sentiment that had recently returned to the market. XRP’s rally above key resistance levels proved short-lived, and the sudden pullback has left many holders frustrated. EGRAG Crypto’s commentary reflects this mood, highlighting how regulatory developments continue to dictate the asset’s price behavior.

Despite the disappointment, some analysts believe the delay could be a strategic advantage for institutional investors. With XRP consolidating around $2, the pause in proceedings may offer a prime accumulation window before any final ruling. EGRAG emphasized that patience and adaptability are crucial traits for navigating the intersection of legal processes and market dynamics.

The SEC has confirmed it will submit a follow-up filing to the appellate court by August 15, 2025. This update will aim to maintain the paused status of the appeal while the district court evaluates the refiled settlement motion. Though the revised proposal remains sealed, it is expected to address the procedural issues cited by Judge Torres while presenting a framework for resolving the years-long case.

Though legal delays have created price setbacks, XRP’s long-term narrative remains intact. As EGRAG pointed out, market performance continues to hinge on legal clarity. With mid-August now circled as the next key date, XRP holders are once again urged to stay informed and patient. The price may have taken a hit, but the broader journey toward resolution is still unfolding, and inching closer to the endgame.