XRP News Today: XRP Surges as Ripple Legal Battle Nears Resolution

Dom Kwok, co-founder of EasyA and a well-known supporter of XRP, has recently made a strong statement suggesting that investors who sell XRP now are making a significant mistake. Kwok believes that the digital asset is on the brink of a major breakout, which has brought XRP back into the spotlight.

Kwok's remarks come at a time when there is renewed optimism surrounding XRP's future, particularly as Ripple's legal battle with the U.S. Securities and Exchange Commission (SEC) approaches what could be its final phase. Both Ripple and the SEC have jointly filed a motion seeking an indicative ruling that could potentially reduce Ripple’s fine to $50 million and lift restrictions on the company’s operations. Additionally, the SEC has requested an extension of the pause on its appeal process until August 15, allowing Judge Analisa Torres more time to consider the proposal.

These legal developments are being closely monitored by investors, as a favorable outcome could remove one of the major obstacles hindering XRP's growth. Regulatory clarity could also boost confidence among U.S. institutions, encouraging them to re-enter the XRP market and increasing its visibility.

Beyond the legal progress, there is growing anticipation for a potential spot XRP exchange-traded fund (ETF). The SEC has already approved ETFs for Bitcoin and Ethereum, and several XRP-based products are currently under review. Analysts believe that XRP could be next in line for approval once legal uncertainties are resolved. Approval of a spot ETF would make XRP more accessible to traditional investors and could attract significant institutional capital.

Ripple is also advancing its international growth strategy, securing payment licenses in key markets and forming new partnerships across Asia, Europe, and the Middle East. These developments enhance XRP’s real-world utility in global payment corridors. Ripple’s native stablecoin, RLUSD, is also gaining traction and could further support XRP’s usage in cross-border settlements.

Kwok's warning to sellers reflects a broader belief that XRP’s current price does not reflect its long-term value. Many investors view the present lull as a strategic opportunity to hold or accumulate XRP, rather than a time to exit. As Ripple moves closer to resolving its legal battle and eyes ETF approval, the market outlook for XRP is shifting. With major catalysts on the horizon, calls like Kwok’s are amplifying investor interest in what could be a defining period for the digital asset.