XRP recently surged past the $3 mark for the first time in years, triggering fresh excitement across the crypto market. The rally comes amid unverified rumors that the U.S. Securities and Exchange Commission (SEC) could vote this Thursday to dismiss its long-running lawsuit against Ripple Labs.
A closed-door SEC meeting is reportedly scheduled for July, and many in the XRP community believe it could close the final chapter of the high-profile case. If the SEC chooses to drop its appeal, and Ripple follows by withdrawing its own, the district court’s ruling in Ripple’s favor would go into full effect, bringing the case to a close.
However, legal experts warn against jumping to conclusions. Former SEC lawyer Marc Fagel explained 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. Still, Fagel agreed that a resolution is likely coming in the weeks ahead.
Sorry, but no. Both parties still have pending appeals. The SEC needs to vote to approve dismissing its appeal, after which both parties will file papers to dismiss their respective appeals and the district court’s order against Ripple will go into effect.
— Marc Fagel (@Marc_Fagel) July 15, 2025
Meanwhile, the sentiment around XRP continues to grow. Over the past month, the token has gained nearly 60%, driven not only by excitement over the legal battle but also by broader institutional interest. Adding to the bullish sentiment, there are strong rumours that asset management giant BlackRock could be preparing an XRP ETF.
The timing aligns with broader developments 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 push 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. For now, investors are watching closely as Thursday’s SEC meeting approaches, hopeful that it could mark a major turning point for Ripple and XRP.
