- The SEC could vote to drop its appeal in the Ripple case on July 10, potentially boosting XRP’s price.
- Garlinghouse will appear before the Senate to support clear crypto regulations.
Ripple (XRP) may be on the verge of a massive breakthrough in the case it is engaged in with the United States Securities and Exchange Commission (SEC). On July 10, 2025, SEC commissioners will hold a closed-door meeting concerning the decision to abandon the appeal in the Ripple case.
Should the appeal be dropped, it may signal a huge legal win by Ripple and a bullish relief rally in XRP.
💥 BREAKING:
SEC CLOSED-DOOR MEETING SET FOR JULY 10 — COMMISSIONERS TO VOTE ON DROPPING RIPPLE LAWSUIT APPEAL.
POTENTIALLY BULLISH FOR #XRP pic.twitter.com/eNH2mNJ8AF
— STEPH IS CRYPTO (@Steph_iscrypto) July 8, 2025
Although the SEC has not yet confirmed that it will discuss the Ripple lawsuit, the meeting date has attracted attention. A closed-door meeting on July 3 was previously speculated to be connected to the Ripple case. This led to no formal updates, however.
Should the SEC deny the appeal, Ripple would secure a decisive court victory, which could set a precedent for further legal success in the cryptocurrency sector.
Ripple’s Senate Hearing
Ripple’s CEO, Brad Garlinghouse, will also take center stage during his forthcoming hearing at the Senate Banking Committee on July 9, 2025. Another pivotal point of Ripple and XRP is the hearing, devoted to the organization of such markets and the structure of digital asset markets.
In his prepared remarks, Garlinghouse intends to discuss the technical strength and usefulness of XRP.
Garlinghouse will emphasize the need for a transparent and extensive system of regulations in the crypto market so that the U.S. can be a world leader in crypto innovation.
He will also mention the case of Ripple and its conflict with the SEC and how the company was able to defend itself and possibly establish a significant precedent that other blockchain-related companies could rely on. The Senate hearing and the potential end of the SEC appeal will considerably strengthen the Ripple in the regulatory argument.
XRP Price Reaction to Legal News
The legal climate concerning XRP is changing, and the token remains stable. Currently, the price of XRP stands at $2.33, increasing by 2.95% at the time of this writing in last 24 hours. Nevertheless, a drop in trading volume by 36.95% indicates that the interest might be fading.
However, XRP has appreciated by 6.28% in the last week, and its market capitalization is about $137.4 billion.
There is also a possibility of a breakout in the technical chart of XRP. The price has recently touched vital support at around $2.20, with the 100-day and 200-day moving averages producing a Golden Cross. This trend is viewed as a bullish indication, and it is usually followed by major price rallies.
The consolidation on the chart has formed a symmetrical triangle, indicating a possible breakout in the future.
Closing above the resistance of $2.35 daily might pave the way to a push upward to the next crucial zones at 2.40 and 2.50. However, a failure to break the triangle resistance would inject stability to test the support levels at around $2.20.
The Relative Strength Index (RSI) is currently at 58.89, indicating that the market has room to rise before entering the overbought category. The next few days may make or break the price action of XRP, as the SEC’s ruling and the scheduling of the ETF are pivotal in determining the asset’s direction.
