Ripple (XRP) Price Prediction: SEC Closed-Door Meeting is Highly Followed, Ripple Case Resolution May Trigger Rebound

Today (7) in the Asian early session, Ripple (XRP) followed the market's upward trend, currently reported at 2.2729 USD. As investors await important announcements from the U.S. Securities and Exchange Commission (SEC) regarding the Ripple lawsuit, XRP ended a two-day decline on Sunday.

On July 3, the SEC held its first closed-door meeting since Judge Analisa Torres rejected the joint motion for a declaratory ruling on the settlement terms proposed by the SEC and Ripple, and Ripple announced it would withdraw its cross-appeal. After the closed-door meeting, the SEC did not issue any announcements aimed at boosting XRP demand. Some analysts speculate that the SEC may have delayed the announcement due to the U.S. Independence Day holiday.

July 10 SEC closed-door meeting attracts attention

At the same time, the SEC remains silent about its appeal plans, which may shift investors' attention to the closed-door meeting on July 10. For SEC Chairman Paul Atkins and the commissioners, this could be a more reasonable timeframe to incorporate voting into the agenda.

The SEC previously voted to lift the ban on selling XRP to institutional investors and reduced the fine from $125 million to $50 million. The agency may also vote in favor of waiving the appeal according to the settlement terms.

However, the SEC does not seem to have voted to withdraw the appeal, as it previously did not make a favorable indicative ruling on the joint settlement motion. This means that the SEC must vote to decide whether to withdraw the appeal. Since the settlement terms are favorable to Ripple, SEC Commissioner Caroline Crenshaw is expected to be the only commissioner to cast a dissenting vote.

If the SEC does not commit to withdrawing the appeal, Ripple is also unlikely to announce the abandonment of the cross-appeal.

The conclusion of the Ripple case may pave the way for the XRP spot ETF market and accelerate Ripple's expansion in the United States.

The solution to the Ripple case is as follows:

1. Strengthen the XRP programmatic sales ruling;

2. Confirm the non-security status of XRP;

3. Confirm that Ripple's sale of XRP to institutional investors no longer violates U.S. securities law.

XRP Price Outlook

FXEmpire analyst Bob Mason stated that the recent price trend of XRP depends on the appeal plan of the SEC and updates related to the XRP spot ETF in the United States.

Breaking through the June 30 high of 2.3275 USD, bulls may aim for the May high of 2.6553 USD. If it continues to break through 2.6553 USD, it could reach 3 USD and is expected to challenge the 2025 high of 3.3999 USD.

On the contrary, breaking below the 50-day moving average may open the door to a retest of the 200-day moving average. Increased selling pressure may expose the support level at $1.9299.

(Source: Trading View)