XRP’s Legal Turning Point: Ripple Drops Cross Appeal in SEC Case, Eyes Settlement and Future Growth

In a significant development for the cryptocurrency industry, Ripple Labs has voluntarily withdrawn its cross appeal against the U.S. Securities and Exchange Commission (SEC), marking a potential end to their four-year legal battle. This strategic move by CEO Brad Garlinghouse signals Ripple's focus on advancing the "Internet of Value" rather than engaging in prolonged litigation. The decision comes after Judge Analisa Torres denied both parties' motions for indicative rulings, prompting market observers to speculate on XRP's future trajectory. As of July 2025, this development could pave the way for broader adoption of XRP and solidify its position in the digital asset ecosystem.

Ripple Drops Cross Appeal in SEC Case, Anticipates Settlement

Ripple Labs has voluntarily withdrawn its cross appeal against the U.S. Securities and Exchange Commission, signaling a potential resolution to their four-year legal battle. CEO Brad Garlinghouse framed the MOVE as a strategic pivot toward building the "Internet of Value" rather than protracted litigation.

The decision follows Judge Analisa Torres' denial of both parties' motions for indicative rulings. Market observers note the SEC's expected reciprocal withdrawal could remove a major overhang on XRP adoption. The altcoin gained 1.5% following the announcement.

With XRP's fully diluted valuation at $211 billion and daily trading volume averaging $2.4 billion, analysts suggest the resolution may catalyze renewed institutional interest. "We're closing this chapter once and for all," Garlinghouse declared in a social media post that resonated across crypto trading desks.

Ripple and SEC Agree to End Legal Battle, Dropping Mutual Appeals

Ripple has decided to drop its cross-appeal in the protracted legal dispute with the U.S. Securities and Exchange Commission, effectively concluding one of the most significant court cases in the crypto industry. The SEC is expected to follow suit, marking a definitive end to the five-year confrontation.

Ripple CEO Brad Garlinghouse announced the move on social media, emphasizing a shift in focus toward building the "Internet of Value." The decision comes after Judge Analisa Torres denied a joint motion for an indicative ruling, the second such dismissal in the case.

The SEC initially sued Ripple in 2020, alleging unregistered securities offerings through XRP sales to institutional investors. A landmark 2023 ruling by Judge Torres found that while XRP itself is not a security, Ripple's direct institutional sales violated securities laws—a nuanced decision that provided clarity for programmatic and secondary market transactions.

XRP Price Prediction: Key Support at $2.07 and Regulatory Clarity Could Fuel Rally to $2.65

XRP has rebounded from the $2.145 level after a pullback from recent highs NEAR $2.40, with traders now closely monitoring the critical $2.07 support zone. This price point represents a confluence of technical factors, including the .618 Fibonacci retracement level and a 1:1 wave C extension, suggesting algorithmic interest may concentrate here.

Ripple's decision to withdraw its lawsuit appeal has removed a significant regulatory overhang, potentially clearing the path for upward momentum. Technical indicators show bullish divergence on RSI across multiple timeframes, even as price action tests key support—a classic reversal signal.

The $2.07 level now serves as the presumed bottom of wave 4 in Elliott Wave theory, with a confirmed bounce potentially triggering a wave 5 breakout toward the $2.65 target. Market participants appear positioned for this scenario, anticipating acceleration through higher resistance levels if support holds.

XRP Whales Accumulate Quietly as Price Eyes Breakout

XRP's price trajectory is drawing attention as large-scale investors quietly amass holdings. On-chain data reveals a surge in whale activity, with over 420 million tokens—worth approximately $915 million—acquired within a single week. This accumulation signals strong institutional confidence despite retail investor caution, evidenced by a two-month low in new wallet creation.

Recent price action saw XRP spike 6% to $2.23, accompanied by a flurry of whale transactions. Notably, Ripple moved 200 million XRP ($439 million) to an unknown wallet on June 18, while three separate transfers totaling 80 million XRP ($175 million) were deposited to Coinbase—potential profit-taking maneuvers. The asset now tests critical resistance at $2.20, with sustained buying pressure suggesting bullish momentum.