
It’s official – the long-running legal battle between Ripple and the U.S. Securities and Exchange Commission (SEC) is finally over. A joint court document filed on August 7, 2025, shows that both parties have agreed to dismiss their appeals with the U.S. Court of Appeals for the Second Circuit.
This means the SEC is dropping its appeal against Ripple Labs, and Ripple is also withdrawing its cross-appeal. As per the filing, “each party [will] bear its own costs and fees,” signaling a complete end to litigation at the appellate level.
The dismissal puts a formal close on a legal saga that’s dragged on since December 2020, affecting XRP’s market status, exchange listings, and investor sentiment across the globe. With no more legal overhang, many in the XRP community are celebrating what feels like the final confirmation of Ripple’s partial victory.
XRP Pumps After News, but Analyst Urges Caution
The price of XRP responded immediately, seeing a short-term spike after the dismissal news went public. The XRP price is up 12% since the news, now trading above $3.33. But not everyone believes a full-blown rally is guaranteed.
Vincent van Code, a popular crypto analyst and developer, took to X with a cautionary message – even as he welcomed the pump.
“While I am thoroughly enjoying the XRP pump… I can’t help but to be cautiously optimistic, as sharp rallies are often corrected through arbitrage bots that operate across dozens of exchanges,” he said.
Vincent’s point? Much of XRP’s short-term movement could be artificial, driven by bots exploiting price differences across exchanges. He argues that for the rally to be sustainable, XRP needs consistent, real demand – both from traders and from utility-based use cases.
While I am thoroughly enjoying the XRP pu.p after both SEC and Ripple file with courts officially to withdraw appeal with the court of appeals (not Torres by the way).
— Vincent Van Code (@vincent_vancode) August 8, 2025
But I can't help but to be cautiously optimistic, as sharp rallies are often corrected through arbitrage bots…
He added that daily global volume must exceed $30 billion to reach escape velocity and outpace the influence of arbitrage bots, comparing them to “a very well-trained ninja ant” when volume is too low.
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What’s Next for XRP?
Vincent remains bullish on the mid-term, saying he’s still rooting for $4 XRP “in the next few days”, but emphasizes that “the real race has yet begun.”
With legal clarity finally in place, XRP is in a much stronger position. But the next phase of growth will likely come from adoption, partnerships, and on-chain utility – not just speculative hype.
For now, XRP holders can breathe easier. One of the biggest legal clouds in crypto history has finally cleared.
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