XRP News Today: XRP Surges 4.5% as Ripple-SEC Case Nears Settlement Deadline

XRP, the third-largest cryptocurrency by market capitalization, surged above $3 for the first time in over a week amid growing speculation that the U.S. Securities and Exchange Commission (SEC) may soon drop its long-standing legal case against Ripple Labs. The token rose more than 4.5% in 24 hours, according to Cointelegraph data, with investors showing increased confidence due to regulatory developments and the possibility of a legal resolution [1].

The legal battle between the SEC and Ripple, which began in December 2020, centers on allegations that Ripple conducted an unregistered $1.3 billion securities offering through XRP. Ripple has consistently denied the charges, arguing that XRP is a commodity rather than a security [5]. Recent developments indicate the case is nearing a critical juncture. In July 2023, Judge Analisa Torres ruled that XRP was not a security in retail sales but was considered one when sold to institutional investors, leading to a $125 million fine against Ripple in August 2024 [1].

On June 12, Ripple and the SEC filed a joint motion to release $125 million held in escrow accounts, with $50 million transferred to the SEC and the remaining $75 million returned to Ripple, pending court approval [1]. This move is seen as a step toward finalizing a settlement, although no formal dismissal of the case has yet occurred. Ripple has also withdrawn its cross-appeal, a development that has fueled speculation that the SEC may follow suit [2]. However, an ex-SEC official has clarified that the cross-appeal remains active, and the SEC must adhere to standard procedural timelines, which could delay a dismissal for several months [3].

Legal expert Bill Morgan has predicted that the SEC may vote to dismiss its appeal before the August 15 deadline, though the conditions for such a dismissal have not yet been fully met [4]. Ripple and the SEC are required to file a joint report with the U.S. Court of Appeals for the Second Circuit by August 15, which could lead to the appeal’s dismissal and potentially finalize the settlement, subject to court approval [4]. If approved, the case will be reopened in the district court for final authorization [1].

The potential resolution of the case has significant implications for the broader crypto industry. A dismissal could signal regulatory clarity, encouraging more institutional adoption of digital assets and setting a precedent for how other cryptocurrencies are classified under U.S. securities law [5]. Analysts have noted that positive sentiment in the broader crypto market has been subdued, but attention is increasingly shifting to the SEC’s next steps. Some forecasts suggest that XRP could reach $5.50 by the end of the year, driven by regulatory clarity [7].

As the August 15 deadline approaches, market participants, legal experts, and industry observers remain closely monitoring developments. The outcome of the Ripple-SEC case is expected to shape the future of the crypto industry, either by reinforcing the SEC’s broad regulatory stance or by signaling a more accommodative approach [8].

Source:

[1] XRP tops $3 as Ripple Case Nears Potential SEC Dismissal

https://mx.advfn.com/bolsa-de-valores/COIN/XRPUSD/crypto-news/96586737/xrp-tops-3-as-ripple-case-nears-potential-sec-dis

[2] Ripple CLO Commends SEC Chief Ahead of August 15th Status Report Deadline

https://coingape.com/ripple-clo-commends-sec-chief-ahead-of-august-15th-status-report-deadline-is-xrp-lawsuit-finally-ending/

[3] Ex-SEC Official Confirms Cross-Appeal Still Active

https://www.cryptoboom.com/ripple-vs-sec-ex-sec-official-confirms-cross-appeal-still-active/

[4] Bill Morgan Predicts Ripple-SEC Lawsuit Could End Before August 15

https://coincentral.com/bill-morgan-predicts-ripple-sec-lawsuit-could-end-before-august-15/

[5] SEC vs Ripple Labs: the longest-standing legal battle in crypto history

https://coinmarketcap.com/community/articles/6894a325b84edf711c3cae48/

[6] XRP Price Holds $3 Level as Focus Shifts to SEC Resolving Ripple Lawsuit

https://www.mitrade.com/insights/news/live-news/article-3-1014045-20250805

[7] This New XRP Price Prediction Shows XRP Can Hit $5.50 in 2025

https://www.financemagnates.com/trending/this-new-xrp-price-prediction-shows-xrp-can-hit-550-in-2025/

[8] 5 Things to Watch in XRP After 70% July Surge

https://cryptoadventure.com/5-things-to-watch-in-xrp-after-70-july-surge