Popular Crypto analyst, STEPH IS CRYPTO, has ignited major excitement across the XRP community with a critical update: the U.S. Securities and Exchange Commission (SEC) is holding a closed-door meeting today, July 10, at 2 p.m. ET, and it may include a vote to drop its appeal in the Ripple case. If that happens, STEPH IS CRYPTO believes XRP’s price could go parabolic.
Ripple Drops Cross-Appeal, All Eyes on the SEC
The legal battle dates back to December 2020, when the SEC sued Ripple Labs. The SEC claimed that Ripple’s sale of XRP was an unregistered securities offering. The case was assigned to Judge Analisa Torres of the Southern District of New York, who issued a pivotal ruling in July 2023. She concluded that Ripple’s programmatic XRP sales to retail investors were not securities, while its institutional sales were.
Following that decision, both parties moved to appeal different parts of the ruling. Events took a new turn in May 2025, when both parties filed a settlement agreement before the court. However, Judge Torres rejected a proposed joint settlement.
In response, Ripple took a major step to withdraw its cross-appeal. CEO Brad Garlinghouse confirmed the move on June 27, stating that Ripple was stepping back and expected the SEC to follow suit.
Now, attention turns to whether the SEC will follow suit and officially end the case.
💥 BREAKING:
SEC MEETS TODAY 2PM ET.
IF THEY DROP THE RIPPLE APPEAL, #XRP COULD GO PARABOLIC! pic.twitter.com/kmFqL1bIhO
— STEPH IS CRYPTO (@Steph_iscrypto) July 10, 2025
A Crucial SEC Meeting
Today’s SEC meeting is being held under the Government in the Sunshine Act, with “resolution of litigation claims” listed on the agenda. While that phrasing covers a range of cases, speculation is high that it refers to the Ripple lawsuit.
Former SEC enforcement attorney Marc Fagel noted that while closed meetings are common, they’re often used to vote on sensitive matters such as litigation settlements. If the SEC votes to dismiss its appeal, Judge Torres’ 2023 ruling would become final, giving XRP regulatory clarity for the first time in years.
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Why XRP Could Explode
As STEPH IS CRYPTO highlighted, an SEC withdrawal could be a watershed moment for XRP. Regulatory ambiguity has been a major obstacle to the asset’s growth. Removing that cloud could open the floodgates for major developments: relisting on exchanges, institutional adoption, and possibly XRP-based ETF filings.
Technically, XRP is trading just below a key breakout level. Traders have been watching closely for a catalyst, and this decision could be it. If the appeal is dropped, analysts believe XRP could swiftly surge past resistance and enter a parabolic phase.
Today’s SEC meeting could bring a long-awaited end to one of crypto’s most high-profile legal battles. If the agency drops its appeal, it will cement Ripple’s partial legal victory and provide XRP with long-sought clarity. As STEPH IS CRYPTO predicts, that single move could unlock massive upside potential—and mark the beginning of a historic breakout for XRP.
Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.
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