- Final Ripple SEC verdict may arrive today as XRP maintains a firm hold above the $3 price mark
- Attorney Bill Morgan says Judge Torres has no further role in the Ripple SEC appeal process
- Ripple Labs remains strong with a $15 billion valuation and ongoing global interest
The long-running legal standoff between Ripple Labs and the U.S. Securities and Exchange Commission (SEC) could finally be nearing its end. Today, August 7, 2025, may mark a decisive turning point in the Ripple SEC case, as the Commission is set to vote internally on whether to withdraw its appeal against Ripple.
This internal meeting is closely watched by the entire crypto community, especially with XRP—Ripple’s native token—firmly trading above the $3 mark. The case, which began in 2020, has defined regulatory tensions in the crypto space. A decision today could officially close the book on one of crypto’s most high-profile legal chapters.
Ripple SEC Decision in Focus
The Ripple SEC case revolves around whether XRP should be classified as a security, a debate that started when the SEC filed a lawsuit against Ripple Labs nearly five years ago. Since then, the legal process has been filled with back-and-forth filings, appeals, and conditional settlements.
Crypto commentator Scott Melker—also known as “The Wolf of All Streets”—confirmed today’s meeting, which is expected to determine whether the SEC will proceed with dismissing its appeal. Melker noted the importance of the timing, hinting that a withdrawal could follow within hours, ahead of the August 15 reporting deadline to the appeals court.
Adding clarity to the legal side, attorney Bill Morgan posted that Judge Torres’s role is complete. “We are just waiting for the SEC commissioners to vote on dismissing the Appeal,” Morgan explained. He further stated that both Ripple and the SEC previously agreed to dismiss their appeals under certain conditions, but those conditions were not fulfilled.
Until both parties officially file dismissals, the Ripple SEC appeals remain active. Morgan also indicated that while August 15 is the date for the next update to the court, it is not a hard deadline for dismissing appeals. He noted that an extension could be requested, although it seems unlikely.
XRP Stays Hot Above $3 as Legal Endgame Approaches
Despite the legal uncertainty, XRP continues to show strong market performance. The token has traded steadily above $3, bolstered by increasing demand and high-volume buying—especially across Asian exchanges. This market behavior suggests that traders expect the Ripple SEC case to be resolved in Ripple’s favor.
On the technical side, XRP has already completed a bullish breakout above a falling wedge pattern, often seen as a reversal signal. After retesting the pattern’s upper boundary and bouncing back, the price now targets key Fibonacci levels, with resistance forming at $3.19 and $3.30. Demand remains strong in the $2.90–$3.00 range, suggesting solid support if the price retraces.
XRP Price Chart (Source: TradingView)
Market watchers say the SEC’s decision to withdraw its appeal could lift XRP further, potentially pushing the token beyond the $3.30 resistance and toward the next psychological zone around $3.66. However, any delay or shift in the regulatory process may trigger renewed price swings and cause XRP to fall back to its recent support range.
Meanwhile, Ripple Labs remains in a strong position. The company now holds a $15 billion valuation, placing it among the top 25 private firms globally. That figure surpasses fintech rival Klarna and underscores sustained interest in Ripple’s business, despite the unresolved legal case.
Conclusion
Should the SEC vote to withdraw its appeal today, and Ripple follows suit, the legal battle will officially be over. This outcome would mark the resolution of a five-year legal fight that has shaped how U.S. regulators approach digital assets.
For now, XRP’s price stability and Ripple’s market strength reflect growing optimism. Whether the final verdict comes today or in the days ahead, the Ripple SEC battle is close to its final page.
