TLDR
- XRP surged 56% in the last month, driven by legal optimism and ongoing Ripple vs. SEC case developments.
- SEC’s internal process, not negotiations, causes delays in the Ripple lawsuit settlement, according to former SEC official Marc Fagel.
- XRP recently reached a high of $3.65, with analysts eyeing resistance levels at $3.80, $4.33, and $4.72.
- XRP’s price action shows consolidation, with MACD indicating slight bullish momentum amid weak trend strength.
The Ripple vs. SEC legal battle has had a significant impact on the cryptocurrency market, with XRP surging 56% in the past month. As the case continues, analysts are closely monitoring XRP’s price, wondering if the resolution of the lawsuit could push the coin towards the $4 mark.
Despite the optimism surrounding the case’s potential resolution, many are questioning why a settlement has yet to be finalized. Legal experts suggest the delay isn’t caused by external negotiations but rather by internal procedures within the SEC. As the market eagerly anticipates the outcome, XRP’s future is deeply tied to the legal battle’s conclusion.
Why the XRP Lawsuit Settlement is Taking Longer Than Expected
Speculation has been rife in the XRP community about the delay in settling the lawsuit, especially after the SEC’s closed-door meeting on July 17 failed to deliver the expected outcome. Many had hoped this meeting would bring the long-awaited resolution, but the lack of progress led to more questions.
Some speculated that ongoing negotiations between Ripple and the SEC were to blame. However, Marc Fagel, a former senior SEC official, quickly dismissed this theory. Fagel clarified that the delay wasn’t due to negotiations but rather the SEC’s internal process.
That’s not the cause for delay. The staff needs to draft its action memo. It needs to be reviewed by the divisions and calendared for a commissioner vote. But please, keep lecturing a former senior SEC official about SEC procedures.
— Marc Fagel (@Marc_Fagel) July 18, 2025
He explained that the SEC needs to draft an action memo, have it reviewed by the relevant divisions, and schedule a commissioner vote before any final decision can be made.
He firmly denied any intentional delay from Judge Torres or the SEC, emphasizing that the case’s slow progress was simply a result of routine internal procedures.
What the SEC’s Closed-Door Meetings Mean for XRP’s Future
Speculation surrounding the SEC’s closed-door meetings continues to grow, especially after Ripple’s dismissal of its appeal. Many had hoped that the meeting on July 3 would lead to a resolution, but Fagel reassured the community that these meetings are part of the SEC’s standard routine and do not directly affect the case’s progress.
Fagel stressed that the dismissal of Ripple’s appeal wasn’t on the agenda, and that it typically takes one to two months to schedule an SEC enforcement vote. He further clarified that the SEC holds weekly closed-door meetings with a consistent agenda, reinforcing that there is no special urgency regarding this case.
Additionally, Fagel highlighted that Ripple had already paid the $125 million penalty in cash, not in XRP. This payment, however, does not finalize the case, as the settlement remains contingent on the appeal’s resolution.
XRP’s Price Outlook Amid Legal Developments
XRP is currently priced at approximately $3.47, showing slight upward movement within a narrow range of $3.45 to $3.46 over a short timeframe. The market is in a consolidation phase, with an ADX value of 15.81 indicating a weak trend.
The MACD suggests slight bullish momentum, but the shrinking histogram and weakening Awesome Oscillator bars indicate that buying pressure is diminishing. The RSI is at 56.94, signaling that the market is neither overbought nor oversold and is in equilibrium.
Despite these technical indicators suggesting consolidation, XRP has experienced impressive growth over the past month, gaining 56%. Analysts remain optimistic, with some forecasting further price increases.
The cryptocurrency recently hit a high of $3.65 before pulling back to $3.37, but market sentiment remains largely positive. Analysts are eyeing key resistance levels of $3.80, $4.33, and $4.72, which could be attainable if XRP continues its bullish momentum.
Stay Ahead of the Market with Benzinga Pro!
Want to trade like a pro? Benzinga Pro gives you the edge you need in today's fast-paced markets. Get real-time news, exclusive insights, and powerful tools trusted by professional traders:
- Breaking market-moving stories before they hit mainstream media
- Live audio squawk for hands-free market updates
- Advanced stock scanner to spot promising trades
- Expert trade ideas and on-demand support
