In what may be the most important legal battle in crypto history, Ripple’s fight with the U.S. Securities and Exchange Commission (SEC) is entering its final phase. The years-long lawsuit, which has cast a cloud over the future of XRP, appears to be concluding — and the outcome could transform not only Ripple’s fortunes but also the broader cryptocurrency market.
On June 16, Ripple and the SEC made a surprising joint move by filing a motion to pause their appeals. This motion hints at behind-the-scenes negotiations, likely pointing to an imminent settlement. If approved, the deal would significantly reduce Ripple’s civil penalty to just $50 million and dissolve the longstanding injunction against it.
Legal analysts and crypto enthusiasts see this as a major win for Ripple — and potentially a landmark moment for the status of digital assets in U.S. law.
With the legal uncertainty nearing its end, attention is now shifting to what comes next. The crypto community is eagerly awaiting an official ruling from Judge Analisa Torres, expected by August 15. Should she confirm that XRP is not a security, as many predict, the path will be clear for institutional investors to finally enter the XRP market — a move that could significantly boost liquidity and price.
“This could be the moment that institutions have been waiting for,” said one legal expert familiar with the case. “If Judge Torres confirms XRP’s non-security status, it removes one of the biggest barriers to large-scale adoption.”
The XRP community is especially bullish, with many traders and analysts expecting the token to rally once the case is officially closed.
Adding more fuel to the fire, the chances of an XRP spot ETF (Exchange-Traded Fund) being approved are rising rapidly. The ETF, currently in the public comment stage, has received strong backing from analysts and investors alike.
According to a prediction market on Polymarket, the odds of approval are now at 91%. Meanwhile, Bloomberg’s senior ETF analysts, James Seyffart and Eric Balchunas, have put the likelihood even higher — estimating a 95% chance that an XRP ETF gets the green light.
The approval of a spot XRP ETF would be a game-changer. It would not only give retail investors easier access to XRP but also open the floodgates for institutional funds to invest, boosting credibility and liquidity across the board.
From a technical standpoint, XRP is showing all the signs of an upcoming bull run.
Crypto analyst Dark Defender recently highlighted that XRP is still tracking a bullish Elliott Wave 5 pattern — a classic indicator of strong upward momentum. Importantly, the support level of $1.88 has held firm, reinforcing the bullish outlook.
XRP is currently trading around $2.02, and many analysts believe that it is only a matter of time before the next major breakout occurs. If confirmed, this rally could mark the beginning of a sustained uptrend into Q3.
July has historically been a strong month for XRP, and some analysts believe that history is about to repeat itself.
According to EGRAG Crypto, XRP is mirroring a historical pattern that previously triggered major price surges. After reaching $3.40 in January and dipping to $1.61 in April, XRP is once again retesting this crucial zone — a sign that a new uptrend may be forming.
Based on technical patterns from previous market cycles, EGRAG projects three potential breakout targets for XRP:
Conservative: $11.50
Moderate: $27.00
Aggressive: $42.00
While these projections may seem ambitious, they are rooted in real historical behaviors and technical indicators. “The chart is playing out exactly as expected,” said EGRAG. “If XRP follows the same path it did in previous cycles, we could be on the verge of something huge.”
It’s not unusual for XRP to lag during the second quarter of the year. Historically, Q2 has seen lower trading volume and weaker performance. However, Q3 often brings significant rebounds — and with the legal overhang possibly removed, this year’s Q3 rally could be stronger than ever.
Market watchers point to previous years where XRP followed a similar pattern: slow and steady through spring, followed by a powerful upswing during the summer. With a legal resolution, rising ETF approval chances, and technical indicators all aligning, July could very well be the start of XRP’s next big leap.
The Ripple vs. SEC case has long been a symbol of the broader regulatory struggles facing the crypto industry. But as the legal fog lifts, XRP seems poised for a major breakout — not just in price, but in credibility and adoption.
Whether it’s the long-awaited court decision, the high-stakes ETF application, or the return of bullish technical patterns, XRP has multiple catalysts working in its favor.
Investors, analysts, and institutions alike are watching closely. If the current momentum holds, XRP could soon shift from one of the most controversial assets in crypto to one of the most desirable.
The countdown to August — and possibly to a new XRP era — has officially begun.
Steven is an explorer by heart – both in the physical and the digital realm. A traveler, Steven continues to visit new places throughout the year in the physical world, while in the digital realm has been instrumental in a number of Kickstarter projects. Technology attracts Steven and through his business acumen has gained financial profits as well as fame in his business niche. Send a tip to: 0x200294f120Cd883DE8f565a5D0C9a1EE4FB1b4E9
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