TL;DR Breakdown
- In its Q1 2025 report, Ripple Labs stated that the SEC officially withdrew its appeal in the Ripple vs. SEC case.
- At this time, the SEC had not issued any public statement or filed court updates confirming the withdrawal.
- Legal analysts believe the final legal closure could be delayed until October due to procedural formalities.
- XRP traded at $2.10 on May 6, 2025, reflecting a slight daily loss and a modest year-to-date gain.
- Whale activity and long positions in XRP have increased despite the lack of formal regulatory confirmation.
Ripple Labs has released a key update in its Q1 2025 XRP markets report, triggering market-wide attention. The company confirmed that the SEC officially withdrew its appeal in the Ripple vs. SEC case. However, no formal acknowledgment has come from the Securities and Exchange Commission (SEC).
Ripple’s statement, published on May 5, 2025, marks the first formal company-issued update regarding the Ripple vs. SEC lawsuit status. The report’s wording indicates a definitive closure, yet legal analysts note the absence of public records confirming the commission’s withdrawal. This has led to speculation about undisclosed developments or internal agreements still awaiting procedural completion.
Odd though that the report states the SEC has officially withdrawn its appeal when the SEC commissioners as far as we know have not voted yet on the matters /2 pic.twitter.com/npxaFX4WWF
— bill morgan (@Belisarius2020) May 6, 2025
Though Ripple cites an earlier social media post by CEO Brad Garlinghouse, the SEC has not commented or updated the court docket. Legal observers, including former SEC officials, argue that procedural steps could delay the final case closure until October. Nonetheless, Ripple’s report suggests confidence in the resolution and a forward-looking stance.
XRP Faces Resistance as Legal Doubts Linger
Following the Ripple vs. SEC update, XRP price traded at $2.10 on May 6, 2025, showing a slight daily decline of 1.32%. Despite the price drop, XRP has recorded a modest year-to-date gain of 0.65% amid heightened activity. The token briefly approached resistance at $2.20 but failed to break through that level.
Whale accumulation continues as data reveals a monthly high in long positions for XRP. These positions have strengthened market sentiment even as regulatory confirmation remains absent. Ripple’s Q1 report did not cite price forecasts but emphasized strategic activity surrounding XRP in light of the Ripple vs. SEC update.
XRP’s technical indicators show solid buying momentum, with support near $2.00 holding firm in recent sessions. The company’s report may have sparked cautious optimism, but traders await final word from the commission.
Ripple vs. SEC Talks Hint at Closure
Ongoing engagement between Ripple and regulatory figures, including a meeting with former SEC Chair Paul Atkins, has become evident. While the SEC has not disclosed internal discussions, these developments imply behind-the-scenes movement in the Ripple vs. SEC case. Analysts suggest a phased conclusion is more likely than an immediate announcement.
Legal expert James Farrell noted that procedural closure could take months, depending on internal SEC timelines. This aligns with market expectations that the Ripple vs. SEC matter might only be formally closed later in 2025. Ripple’s assertion, nonetheless, indicates a critical milestone in the prolonged dispute.
