The U.S. Securities and Exchange Commission (SEC) & Ripple just made a further unified statement in regards to the completion of the 6-year long lawsuit. Rippleโs Defense Attorney James K. Filan posted the mutual legal request to the Second Circuit court to carry on holding the appeal in abeyance.
SEC And Ripple Wants To Make Peace, But..
This means the $50 million settlement still stands, but first the legal procedure has to be cleared by the District Courtโs Judge Analisa Torres. The 6-page long document insists that the SEC has to complete a status report by August 15, 2025, aiming to dissolve the injunction in the case and put the settlement agreement into practice.
If granted, this would allow Ripple to release the $125 million XRP in escrow, paying the $50 million fine to the SEC, while the remaining balance would be returned to Ripple Labs. Moreover, Ripple cited the The U.S. Securities and Exchange Commissionโs (SEC) positively contrasting approach to crypto currencies since Paul Atkins took the reins as SEC Chair.
Can XRP Price Tack On $3.5 Amid Legal Win?
Rippleโs coin (XRP) famously retested the 7-year all-time heights of $3.40 in January, 2025, when the SEC agreed to settle their differences with Ripple for $50 million instead of the initial $150 penalty. Naturally, the hype slowed down when it was made public that legally the lawsuit is not done yet, sending XRPโs price to retest the major demand zone of $2.20 continuously.
Presently, XRPโs price is trading at $2.21, claiming just one cent above the long-term support range. If Rippleโs native altcoin manages to close the day above the $2.31 XRP price level, bulls could orchestrate a bigger breakthrough.
Naturally, the $3.50 campaign for this popular remittance altcoin highly depends on the next legal updates, as XRP believers, or bulls, donโt have enough power on-hand to push to new all-time heights. This is well portrayed in the liquidation metrics on Derivatives.
In a 24-hour window, Ripple (XRP) bulls got wiped out of $11.12 million, real-time on-chain data shows. Meanwhile, short-selling leveraged plays on XRP coinโs price took up $3.39 million of the $14.51 million in daily liquidations, CoinGlass notes.
This denotes the belief of a more aggressive bull run than the one last night, where Ripple (XRP) coin erupted to $2.33, but erased all of these gains in less than 12 hours. Because of this, many market observers labeled Mondayโs XRP bull run a bull trap, alternatively known as ghost rally.
On The Flipside
- Itโs unknown if the District Judge will agree to the ongoing mutual motion for $150M, as previously an identical request was thrown away, strictly deemed โprocedurally improperโ.
Why This Matters
Originally, the SEC sued Ripple Labs for offering unregistered securities, but the notion around altcoins as securities has drastically changed since the high-profile investigation was launched.
Dig into DailyCoinโs trending crypto scoops:
X Bans Pump.fun and Memecoin Accounts. Is SOL in Danger?
Piโs Dull Update Sours Pioneers: Pi To $0.5 Or $1.5?
People Also Ask:
On June 16, 2025, Ripple and the SEC jointly requested the Second Circuit Court to pause appeals until August 15, 2025, to await a district courtโs ruling on a proposed $50M settlement, potentially easing restrictions on XRPโs institutional sales. This move aims to facilitate settlement talks and reduce legal uncertainty impacting XRPโs price (~$2.40โ$2.76).
XRP, trading at ~$2.40โ$2.76, saw a 2.6โ8% increase post-announcement, driven by optimism over a possible settlement that could lift the injunction on institutional sales. However, volatility persists, as the pause introduces uncertainty about the final outcome.web:4,7,13
Analysts project XRP could reach $3.5 if the settlement resolves favorably, removing regulatory overhang and boosting adoption, especially with whale accumulation (2,700+ wallets holding 1M+ XRP). Continued Bitcoin market strength ($80K+) further supports this bullish outlook, though risks remain if the settlement fails.web:7,11,13
If the proposed $50M settlement is rejected, appeals could extend into 2026, potentially stalling XRPโs price momentum and triggering a sell-off from its current $2.40โ$2.76 range. Such an outcome could undermine investor confidence and delay institutional adoption.web:1,11,14
The appeal pause and potential settlement make XRPโs $2.40โ$2.76 price an attractive entry for risk-tolerant investors, but the uncertain outcome warrants caution. Thorough research and risk assessment are essential before investing, as a prolonged legal battle could suppress price growth.web:4,7,13
