$XRP 🏛 Regulatory and Legal Context

Ripple announced that it will withdraw its cross-appeal against the SEC in its long-standing litigation over whether institutional sales of XRP are considered securities. CEO Brad Garlinghouse stated that the SEC could also drop its appeal, which could close a key chapter in 2025.

In March 2025, the SEC officially closed its case against Ripple, causing the price of XRP to surge approximately 10-13%, bringing it to around $2.53.

A U.S. court recently rejected Ripple's motion to dismiss part of the remaining lawsuit, resulting in a new price setback (~-5.8%) and increasing legal uncertainty regarding the classification of XRP as a security.

📈 Market Performance and Technical Outlook

XRP is currently trading at around $3.10, slightly above the key support level between $3.07 and $3.08, and well below the technical resistance at $3.36.

July would technically close if it surpasses $3.03, which according to some analysts could initiate a strong impulse phase towards $7-11.

Bitget estimates that XRP could reach $5 by the end of 2025 if institutional interest persists and the regulatory environment remains favorable.

📰 Rumors and Expectations Regarding ETF

There are growing expectations that the SEC will approve an XRP ETF in September or October 2025, with estimated odds of 85-86% according to Bloomberg and other analysts. This approval could significantly increase institutional interest.