The legal battle between Ripple and the U.S. Securities and Exchange Commission (SEC) continues to grip the crypto community, with renewed speculation surfacing across social platforms. The latest buzz suggests that the high-profile case might finally reach its conclusion, with both Ripple and the SEC rumored to be on the verge of dismissing their respective appeals. The idea of an immediate resolution fueled optimism among XRP holders and traders, driving excitement across platforms like X (formerly Twitter). However, legal experts close to the regulatory landscape, including former SEC enforcement attorney Marc Fagel, have stepped forward to temper expectations.

In response to the flurry of online chatter, Fagel clarified that while a resolution is eventually expected, the notion of it concluding today is “highly unlikely.” According to him, neither party has filed the required documentation to formally drop their appeals. The process of resolution—especially within the bureaucratic machinery of the SEC—tends to be slow, methodical, and guided by internal procedures that do not align with the fast pace of social media speculation. Fagel pointed out that enforcement actions typically take several weeks, or even months, to receive internal approval from the SEC. The suggestion that the case could wrap up in a matter of hours or days is, in his view, unrealistic.

He emphasized this in a post on X, stating, “At this point, neither party has dismissed their appeal; it typically takes the SEC several weeks (or months) to vote on enforcement matters. Anything is possible, but it would be very unusual (and anyone saying otherwise doesn’t understand how the SEC works).” This message served as a reality check for many XRP enthusiasts who had hoped for a swift resolution. While hope remains high that the case is nearing its end, Fagel’s comments highlight the importance of separating speculation from procedural fact.

Adding to the firestorm of rumors was a closed-door meeting held by the SEC on July 3rd, which some interpreted as a sign that a settlement was imminent. However, Fagel again offered a more grounded perspective. He described the meeting as routine and emphasized that even if enforcement matters were discussed, it would still take significant time for them to be formally added to the commission’s voting schedule. The SEC is a complex, slow-moving agency that rarely acts in haste, especially on high-profile matters such as the Ripple case, which carries broader implications for the crypto industry.

A crucial aspect to consider is that if both Ripple and the SEC were to withdraw their appeals, the court’s prior ruling—made by Judge Analisa Torres—would immediately take effect without the need for further judicial intervention. This ruling, which partially favored Ripple, found that some XRP transactions did not constitute securities offerings. Ripple CEO Brad Garlinghouse has previously hinted at the possibility of dismissing the company’s appeal, fueling hopes for closure. However, no formal action has been taken yet, making the speculation premature.

Despite the current uncertainty, one thing appears certain: the resolution is coming, albeit slowly. Both Ripple and the SEC are widely expected to step away from their appeals at some point, especially given the length of the case and the evolving regulatory clarity in the U.S. crypto landscape. Still, the timeline remains vague, and XRP holders would do well to exercise patience rather than rely on day-to-day rumors.

As it stands, the crypto market’s tendency to jump ahead of the facts can be both a strength and a weakness. While community enthusiasm can drive price action and awareness, it can also lead to misplaced expectations. For XRP and Ripple, the end of this legal saga is no doubt closer than it has ever been. But according to experts like Fagel, it won’t happen overnight.

Until then, the best course of action for the XRP community is to remain alert but cautious. With no formal paperwork filed and the SEC’s internal processes still unfolding, today’s rumors may simply be another step in a longer journey toward finality.