XRP News Today: XRP surges past $3 as SEC legal resolution nears

XRP, the third-largest cryptocurrency by market capitalization, has surged past $3 for the first time in over a week as market participants speculate on a potential resolution to the long-standing legal battle between Ripple Labs and the U.S. Securities and Exchange Commission (SEC). The token gained more than 4.5% in 24 hours, reclaiming the $3 psychological level amid growing optimism that the SEC may dismiss its appeal before the Aug. 15 deadline [1].

Legal developments have played a central role in XRP’s price dynamics since the SEC filed its lawsuit in December 2020, alleging that Ripple conducted an unregistered $1.3 billion securities offering through XRP. Ripple has consistently denied these allegations, arguing that XRP is a commodity and not a security [4]. The case has remained unresolved for nearly five years, marking one of the most high-profile legal disputes in the crypto industry.

Recent statements from lawyer Bill Morgan, who has closely followed the case, have fueled speculation that the SEC may opt to dismiss its appeal before the August 15 filing deadline. Morgan highlighted that Ripple had previously agreed to dismiss its own appeal and that both parties had signed a conditional settlement agreement, though conditions at the time were not met [2]. The SEC and Ripple are required to submit a joint status report to the U.S. Court of Appeals for the Second Circuit by August 15, which could lead to a formal dismissal and potentially finalizing the settlement [2].

On June 12, Ripple and the SEC filed a joint motion to release $125 million held in escrow accounts, with $50 million allocated to the SEC and $75 million set to return to Ripple pending court approval [2]. This move signals a de-escalation in the legal conflict and has bolstered investor confidence in the token’s long-term viability.

Analysts have offered varying forecasts for XRP’s price movement depending on the outcome of the legal proceedings. One forecast suggests that if the case is dismissed or settled in Ripple’s favor, XRP could rise by up to 80%, potentially reaching $5.50 by the end of 2025 [5]. Another expert predicts a price target of $4 if the lawsuit concludes without further legal complications [6]. These projections, however, remain speculative and are contingent on the court’s final decision.

With the legal uncertainty surrounding XRP, Ripple’s business strategy has already adapted to the prolonged litigation. The company has focused on expanding its cross-border payment solutions while navigating regulatory scrutiny. As the August 15 deadline approaches, investors are closely watching whether the case will be resolved, which could mark a turning point for both XRP and the broader regulatory landscape in the cryptocurrency sector [7].

Source:

[1] title: XRP price holds $3 level as focus shifts to SEC resolving ... (https://www.mitrade.com/insights/news/live-news/article-3-1014045-20250805)

[2] title: XRP News Today: Ripple SEC Case Approaches August ... (https://www.ainvest.com/news/xrp-news-today-ripple-sec-case-approaches-august-15-deadline-xrp-hits-3-2508/)

[4] title: XRP News Today: Ripple vs. SEC Case Awaits Key ... (https://www.ainvest.com/news/xrp-news-today-ripple-sec-case-awaits-key-decision-xrp-whales-accumulate-holdings-2508/)

[5] title: This New XRP Price Prediction Shows XRP Can Hit $5.50 ... (https://www.financemagnates.com/trending/this-new-xrp-price-prediction-shows-xrp-can-hit-550-in-2025/)

[6] title: XRP Price Sets Sight on $4 as Hopes Rise for End of SEC ... (https://coinnews.com/news/altcoins/xrp-price-sets-sight-on-4-as-hopes-rise-for-end-of-sec-lawsuit)