Crypto exchange Uphold has released its latest weekly report on XRP, highlighting significant legal and market developments.
The update confirmed that after nearly five years of litigation, both Ripple and the U.S. Securities and Exchange Commission (SEC) have withdrawn their respective appeals, formally concluding the long-standing lawsuit.
According to Uphold, the resolution leaves in place the 2023 federal court ruling that determined XRP sales on secondary markets do not constitute securities transactions.
The exchange described this as a decisive moment for XRP, tagging it an important advancement toward broader regulatory clarity within the digital asset sector. The conclusion of the case is seen as potentially removing a major obstacle that has delayed institutional involvement and certain product integrations over recent years.
🗓️ Here’s your #XRP Report for the week:
🔥 Ripple vs SEC: Case Closed
🔹 After nearly five years, Ripple and the SEC have both withdrawn their appeals, officially ending the long-running lawsuit.
🔹 The outcome leaves in place the 2023 ruling that XRP sales on secondary… pic.twitter.com/ZLlgQ3LXpi— Uphold (@UpholdInc) August 9, 2025
XRP Market Performance Strengthens Amid Policy Tailwinds
The report stated that XRP outperformed other major altcoins during the week, benefiting from what Uphold described as “favorable macro headlines.” XRP rose by 12%, reaching a peak above $3.30 before experiencing a modest pullback.
Key contributing factors identified by Uphold include recent U.S. policy developments, such as the new rule for 401(k) retirement accounts crypto exposure, and the nomination of a new Federal Reserve official who has expressed criticism of the dollar’s current strength. These policy shifts, according to the exchange, appear to have influenced investor sentiment toward digital assets, with XRP leading gains.
We are on X, follow us to connect with us :- @TimesTabloid1
— TimesTabloid (@TimesTabloid1) June 15, 2025
Current Price Levels and Technical Indicators
As of the report’s release, Uphold noted XRP trading at approximately $3.31, showing resilience after briefly dipping from mid-week highs. The weekly trading range was recorded between a high of $3.33 and a low of $3.18.
Uphold’s technical analysis pointed to a constructive market structure, with the asset maintaining an ascending channel pattern. The exchange also reported a notable increase in on-chain transaction volume following news of the SEC case resolution, interpreting this as a sign of renewed market interest.
The report advised market participants to monitor the $3.30 to $3.35 range for potential breakout activity, suggesting that August could bring continued momentum if current trends hold.
Uphold concluded its analysis by raising the question of whether the legal resolution will be sufficient to drive XRP into its next phase of adoption and price growth, or if broader macroeconomic pressures will continue to influence the market’s trajectory.
While the end of the Ripple-SEC case marks a significant legal milestone, the exchange noted that market behavior in the coming weeks will be critical in determining whether the momentum can be sustained.
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 advised to conduct thorough 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.
Follow us on X, Facebook, Telegram, and Google News
