XRP, the native token of the XRP ledger, made headlines in the aftermath of the SEC lawsuit against Ripple and withdrawal of the payment giant’s appeal. Crypto Payments Firm appears to expand its Stablecoin partnership and boost XRP utilities.
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Why Ripple’s appeal and the issue of SEC lawsuits is problematic
The SEC vs. Ripple case is a decisive legal battle dragged over several years, contributing to Altcoin’s major crypto exchanges and long-term price slump. Ripple Labs CEO Brad Garlinghouse recently tweeted about the company’s decision to withdraw its appeal and what it means for XRP.
In the final week of June, Ripple Clo Stuart Aldeoty pointed out that Judge Analisa Torres had put the ball back on Ripple’s court. The company faced two options. Dismiss the appeal, challenge historic XRP sales ruling, make a sale to the agency or proceed with the appeal.
This brought the ball back to our court. The court gave me two options. Dismiss appeals challenging historic institutional sales findings, or advance appeals. stay tuned. In any case, XRP’s legal status as non-security has not changed. In the meantime…https://t.co/edhnbmzybz
– Stuart Aldeoty (@s_aldeoty) June 26, 2025
The executive explained that in either case, XRP’s legal status as non-security in secondary market sales, meaning transactions made by the entire exchange platform and retailers, is not affected.
Following on, Garlinghouse informed the XRP community that Ripple had chosen to withdraw the appeal. The company has closed this chapter in its legal battle, but XRP holders are waiting for the SEC to respond.
Ripple has dropped our cross appeal and, as I said before, the SEC is expected to drop their appeal. We conclude this chapter in full and focus on what is most important – building an internet of value. Lock in. https://t.co/zsrgdfcplh
– Blood Girlinghouse (@bgarlinghouse) June 27, 2025
If the SEC agrees to pull out the appeal as well, Ripple will pay a $125 million penalty and move on from the case.
The lawsuit has been a key driver of XRP price movement since the Bull was executed in 2018, so each update has served as a critical catalyst. XRP recovered slightly with the latest news before waiving those profits between June 28th and July 2nd. At the time of writing, XRP exceeds the psychologically significant $2.00 support level, trading at $2.1814.
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XRP Price Forecast
XRP is currently consolidating near $2.00 support. Momentum indicators on daily charts show subtle bullish trends. RSI reads 49 and trends upwards, while MACD displays a green histogram bar above the neutral line.
XRP can test resistance at R1, $2.50, up 14% and at the FVG limit on the Daily Price Chart. The second important resistance is R2, $2.65. When XRP sees the daily candlesticks close to above R1 and R2, it kicks a psychologically important level of $3.
Support levels at S1, S2, $1.90, and $1.77 are key zones where XRP can collect liquidity if prices drop in July.
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Keep up with Ripple’s recent announcement
Financial Services Infrastructure Firm’s OpenPayd is working to embed Ripple’s Stablecoin and Blockchain Network to speed up payments and conversion to standards, according to a July 2nd announcement.
https://twitter.com/openpayd/status/19403333148543259108
Meanwhile, Peersyst Technologies has launched the Xrpledger Sidechain, which is compatible with Eethereum (ETH)-based Dapps Dapps, further expanding its adoption of XRP. News of the mainnet launch have fueled bullish sentiment in the XRP community.
https://twitter.com/ripplexdev/status/193967458580110294
The launch of EVM Sidechain attracted stakeholders such as Wormhole, an interoperability platform that partners with Ripple to create Xrpledger Multichain. Wormhole has over 6 million users installed in XRpledger and serves as the core interoperability platform for payment giant blockchains.
💥 @Wormhole is announcing a partnership with @Ripple to bring multichain interoperability to the XRP Ledger and the upcoming XRPL EVM Sidechain.
Wormhole will be the core interoperability solution for the XRPL ecosystem. This integration will bring institutional-grade… pic.twitter.com/xqTD5PU7Tp
— Wormhole (@wormhole) June 26, 2025
Three Catalysts that Can Drive XRP Prices Increase
The launch of XRpledger Sidechain, Ripple’s decision to withdraw appeals in the SEC lawsuit, and the increase in Stablecoin and blockchain integration are the top three catalysts that could drive a new XRP rally.
Crypto analyst @cryptodonalt is known for accurately timing previous XRP bull runs, tweeting that on July 1, “Round 2” of XRP price rally was on the horizon, potentially driving speculation between retailers and holders.
While most things are flat, XRP up
Is it finally time for round 2?– Donalt (@cryptodonalt) June 30, 2025
XRP continues to be one of the top three Altcoins, and has historically responded to Ripple’s ecosystem development and legal updates. New partnerships and Stablecoin-related integrations are likely to boost XRP leisure utilities, which drives the demand for tokens.
Line-to-line: XRP follows in the footsteps of Bitcoin (BTC) and appears to ralise alongside King Crypto and fix it during the BTC integration phase. Therefore, adding XRP to a company’s finances could be affected by the Strategic Bitcoin Allocation Playbook.
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.
