XRP News Today: XRP Surges Past $3 as SEC Legal Battle Nears Dismissal Deadline

XRP, the third-largest cryptocurrency by market capitalization, has surged past the $3 level, driven by speculation that the U.S. Securities and Exchange Commission (SEC) may soon drop its five-year legal battle with Ripple Labs. The token rose more than 4.5% in a 24-hour period, regaining the $3 psychological threshold on August 5, 2025 [1].

The potential resolution of the case has bolstered investor confidence, particularly as the legal dispute nears what could be its final phase. A key development comes from attorney Bill Morgan, who noted on social media that the SEC commissioners may vote to dismiss their appeal before the August 15 deadline. “Dismissal of the appeals may happen, and is more likely to happen than not, before the 15 August deadline,” he stated [1].

Morgan added that Ripple has already agreed to dismiss its own appeal, and both parties had previously signed a conditional settlement agreement that, had it been finalized, could have concluded the case earlier. Now, the SEC and Ripple are expected to file a joint report with the U.S. Court of Appeals for the Second Circuit by August 15. If approved, the appeal would be dismissed, and the case would be reopened in the district court for final authorization, effectively ending the protracted legal battle [1].

The SEC initially filed its lawsuit against Ripple Labs in December 2020, alleging the company raised $1.3 billion through unregistered XRP securities sales. The case became the most high-profile legal dispute in the cryptocurrency industry. In July 2023, Judge Analisa Torres ruled that XRP was not a security in retail sales but was classified as one in institutional transactions. Ripple was fined $125 million in August 2024 [1].

On June 12, Ripple and the SEC jointly requested the release of the $125 million held in escrow. The plan would see $50 million transferred to the SEC and $75 million returned to Ripple, pending court approval [1].

XRP’s market performance has been robust in recent months. It has gained 31% over the past 30 days and nearly 500% in the last year, despite a 5% decline in the past week [1]. Analysts remain optimistic about its future trajectory. John Squire, a cryptocurrency analyst, stated that XRP priced under $5 remains a bargain, predicting widespread regret by 2030 for those who did not accumulate more at current levels. Macro strategist Jake Claver suggested that if XRP continues to play a key role in settlement infrastructure, its value could exceed $1,000 [1].

Edoardo Farina, another analyst, believes XRP could see a significant price surge once it decouples from Bitcoin and establishes its own market narrative. The token’s growth is supported by its expanding presence in Ripple’s global payment corridors and the adoption of stablecoins such as RLUSD. The increasing use of tokenized assets on the XRP Ledger also signals rising demand [1].

The XRP network’s ability to facilitate fast and low-cost cross-border payments positions it for continued adoption. As more companies and financial institutions use XRP for settlement, demand is expected to rise further [1].

USA Today recently highlighted XRP as one of the top crypto assets for investors with a $500 budget, citing its real-world applications and improving regulatory outlook. The August 15 joint report could serve as a pivotal turning point, potentially removing a major regulatory overhang that has persisted for nearly five years [1].

The resolution of the SEC case remains uncertain, but the growing legal clarity and XRP’s strong market performance suggest that the token is entering a new phase. If the appeal is dismissed, it could mark a significant milestone not only for Ripple but for the broader cryptocurrency industry.

Source: [1] XRP (XRP) Price: Breaking $3 Barrier As SEC Case May Finally End After 5 Years (https://blockonomi.com/xrp-xrp-price-breaking-3-barrier-as-sec-case-may-finally-end-after-5-years/)