TLDR
- XRP reached above $3 as speculation grows that the SEC may dismiss its appeal against Ripple Labs
- A joint report due August 15 could lead to the conclusion of the nearly five-year legal dispute
- XRP has gained 31% over the past 30 days and almost 500% in the last year
- Analysts predict XRP under $5 is still a bargain with some projecting future values over $1,000
- The token’s growth is supported by expanding presence in Ripple’s payment corridors and increasing adoption
XRP, the world’s third-largest cryptocurrency by market cap, has climbed past $3 amid growing optimism that the Securities and Exchange Commission (SEC) may drop its long-running case against Ripple Labs. The token rose more than 4.5% in a 24-hour period, recovering above the $3 psychological mark on Thursday.
Investor confidence has been strengthened by improving regulatory clarity and expectations that the SEC’s appeal may be dismissed. This comes as the legal battle between the SEC and Ripple Labs approaches what could be its final chapter.
Lawyer Bill Morgan posted on X that the SEC may vote to dismiss its appeal before the August 15 deadline. “Dismissal of the appeals may happen, and is more likely to happen than not, before the 15 August deadline,” Morgan stated.
The š§µ contains inaccuracies. There is no decision pending from the Court.
Judge Torresā role is over.
We are just waiting for the SEC commissioners to vote on dismissing the Appeal and the parties to take that final step dismissing their respective appeals.
Ripple alreadyā¦ https://t.co/ZTQozwlVv9
— bill morgan (@Belisarius2020) August 5, 2025
Morgan also noted that Ripple had already agreed to dismiss its own appeal. Both parties had previously signed a conditional settlement agreement that could have ended the case, though conditions were not met at that time.
The SEC and Ripple are scheduled to file a joint report with the US Court of Appeals for the Second Circuit by August 15. This report could lead to the dismissal of the appeal and potentially finalize a settlement, pending court approval.
If approved, the case will be reopened in the district court for final authorization, which would conclude the legal dispute that has lasted nearly five years.
The Legal Battle Timeline
The SEC sued Ripple Labs in December 2020, alleging the company raised $1.3 billion through unregistered XRP securities sales. This lawsuit has become the most high-profile legal dispute in cryptocurrency history.
In July 2023, Judge Analisa Torres ruled that XRP was not a security in retail sales but constituted one when sold to institutional investors. The court imposed a $125 million fine on Ripple in August 2024.
On June 12, Ripple and the SEC filed a joint motion to release the $125 million held in escrow accounts to pay for settlement costs ordered by the court. The plan would transfer $50 million to the SEC and return the remaining $75 million to Ripple, pending court approval.
Market Performance and Future Outlook
XRP has shown impressive market performance, gaining 31% over the past 30 days despite a 5% dip in the past week. Over the last year, the token has increased by nearly 500%, making it one of the standout performers in the cryptocurrency market.
Many analysts remain bullish on XRP’s future prospects. Analyst John Squire recently argued that XRP priced under $5 remains a bargain. “By 2030, regret will be widespread for those who didn’t accumulate more XRP at current levels,” he said.
Macro strategist Jake Claver shares this optimistic view, suggesting XRP could reach over $1,000 if it continues to play a key role in settlement infrastructure.
Another analyst, Edoardo Farina, believes that once XRP decouples from Bitcoin and establishes its own narrative, its price will surge even higher.
XRP’s growth is backed by its expanding presence in Ripple’s payment corridors and the increasing adoption of stablecoins through RLUSD. The growing number of tokenized assets on the XRP Ledger indicates rising demand for the coin.
The network’s ability to facilitate cross-border payments positions it well for continued growth. As more companies and industries adopt XRP for these purposes, proponents argue that demand will continue to rise.
USA Today recently highlighted XRP as one of the best crypto assets for investors with a $500 budget, noting its real-world adoption and improving regulatory outlook.
The upcoming August 15 joint report could be a pivotal moment for XRP’s future, potentially removing a major regulatory cloud that has hung over the token for years.
