Usman Salis
The XRP community got a dose of reality this week when it turned out Ripple's much-talked-about appeal withdrawal is still just talk. While crypto traders had been anticipating a swift resolution to the lengthy SEC battle, the legal wheels are moving slower than expected, keeping XRP's price in a holding pattern.
XRP's price stays stable around $0.62-$0.63 as ex-SEC lawyer Marc Fagel clarifies that Ripple hasn't actually filed to drop its appeal yet. August 15 is the date to watch.
XRP Price Stable Amid Legal Limbo
Despite earlier buzz about Ripple ending its legal fight with the SEC, nothing's been made official. Former SEC attorney Marc Fagel set the record straight on social media:
This reality check has cooled some of the excitement that was building in the XRP community.
Market Response
XRP traders aren't panicking, but they're not celebrating either. The token is holding steady in its recent range, suggesting the market is taking a wait-and-see approach rather than betting on outcomes.
What's Next Everyone's watching for three things:
- Ripple actually filing the withdrawal paperwork
- Any response from the SEC
- Court developments around August 15
XRP remains in limbo until someone actually files something official. The price reflects this uncertainty – stable but cautious. August 15 could finally bring the clarity both investors and the broader crypto market have been waiting for.
Usman Salis
