Ripple Labs and the U.S. Securities and Exchange Commission (SEC) have jointly requested a temporary halt to their ongoing appeals process. The motion seeks to hold the appeals in abeyance pending a crucial indicative ruling from Judge Analisa Torres on a recent filing addressing procedural concerns.
Should Judge Torres decline to grant the requested indicative ruling, Ripple’s efforts to dismiss the SEC’s claims could face significant delays, potentially extending the legal uncertainty surrounding XRP until 2026.
In a sign of ongoing dialogue, the SEC proposed submitting a status report by mid-August 2025 to update the court on any potential settlement progress between the parties.
Amidst the legal pressures and broader macroeconomic factors, XRP’s market performance reflected investor caution. The cryptocurrency experienced a 5.1% decline over the past month, though it recently saw a modest rebound of 2.8%, trading around the $2.20 mark.
Market analysts suggest the outcome of the legal proceedings remains a key driver for XRP. A favorable ruling for Ripple or a settlement could potentially boost the token’s price, while prolonged litigation is seen as a factor that may continue to dampen investor confidence.