XRP News Today: XRP Surges 60% Amid SEC Lawsuit Dismissal Rumors

XRP, the cryptocurrency associated with Ripple Labs, has recently surged past the $3 mark, a level not seen in years. This surge has sparked renewed excitement within the crypto market, largely due to unverified rumors suggesting that the U.S. Securities and Exchange Commission (SEC) may vote this Thursday to dismiss its long-running lawsuit against Ripple Labs. This development has led to speculation that the legal battle, which has been ongoing for years, could be nearing its conclusion.

A closed-door SEC meeting is reportedly scheduled for July, and many in the XRP community believe this meeting could mark the end of the high-profile case. If the SEC decides to drop its appeal and Ripple follows suit by withdrawing its own, the district court’s ruling in Ripple’s favor would go into full effect, effectively closing the case. However, legal experts caution against premature conclusions. Former SEC lawyer Marc Fagel noted that while the SEC may vote to dismiss its appeal soon, the contents of these closed meetings remain confidential. “Anyone claiming to know what’s on the agenda is speculating,” he said. Despite this, Fagel agreed that a resolution is likely in the coming weeks.

Meanwhile, the sentiment around XRP continues to grow. Over the past month, the token has gained nearly 60%, driven by excitement over the legal battle and broader institutional interest. Adding to the bullish sentiment, there are strong rumors that asset management giant BlackRock could be preparing an XRP ETF. This potential development aligns with broader changes in the U.S., including new crypto legislation aimed at increasing regulatory clarity and promoting innovation. If these legal and policy shifts materialize, they could enhance XRP’s utility in global payments.

While the future remains uncertain, XRP appears to be entering a new phase—backed by legal clarity, institutional attention, and strong price momentum. Investors are closely watching as Thursday’s SEC meeting approaches, hopeful that it could mark a major turning point for Ripple and XRP. The outcome of this meeting could significantly impact the trajectory of XRP and the broader crypto market, as it would provide much-needed clarity on the regulatory status of the cryptocurrency.