XRP Community Awaits SEC Decision to Withdraw Ripple Appeal

The XRP community is abuzz with speculation that the U.S. Securities and Exchange Commission (SEC) may soon abandon its appeal in the ongoing Ripple case. This rumor has intensified following reports of an upcoming closed-door meeting at the SEC’s headquarters in Washington, DC.

Abdullah “Abs” Nassif, a well-known figure within the XRP ecosystem, shared insights on X (formerly Twitter) labeling the possibility as a “new market rumor.” According to him, the SEC may formally drop its appeal against Ripple as early as July 17, 2025. His claim seems to be backed by speculation stemming from the agenda of the SEC’s internal meeting scheduled for that date.

Details About the SEC Meeting

The SEC has scheduled a confidential meeting for 2:00 p.m. tomorrow, which will include commissioners, the commission’s secretary, and legal counsel. While the details of the agenda remain undisclosed to the public, topics often center around enforcement proceedings, litigation settlements, and administrative resolutions. Officials also have the option to attend virtually, maintaining the same level of operational secrecy typical of such meetings.

This meeting format is not unusual. In fact, previous SEC decisions related to high-profile crypto lawsuits have stemmed from similar closed discussions. Enthusiasts cite these precedents as a signal that the agency might use this meeting to announce its final decision to withdraw the Ripple appeal.

Why Analysts Think the SEC Might Drop Its Appeal Against Ripple

The timing of the meeting has led some observers to anticipate a pivotal update regarding the Ripple case. Historically, after similar internal meetings, the SEC has moved to pause or resolve its litigation efforts. For instance, in April 2025, the commission acknowledged negotiations with Ripple for a possible resolution following a closed session.

Enforcement halts and settlement announcements have followed a predictable pattern within the agency’s internal calendar. This consistency gives weight to ongoing speculation that the SEC could soon announce its formal withdrawal of the appeal.

Ripple and SEC Nearing Litigation Closure

Back in March 2025, the SEC and Ripple agreed on an unconditional arrangement allowing the commission to retract its appeal. Ripple, in exchange, negotiated a reduced penalty of $50 million. This agreement also included the removal of the injunction that restricted Ripple’s future institutional sales of XRP.

Both parties jointly approached federal Judge Analisa Torres to grant an indicative ruling supporting this mutual settlement. However, Judge Torres denied their motion. When another joint motion was re-filed, Judge Torres again denied the request, leading Ripple to drop its cross-appeal independently.

Subsequently, Ripple CEO Brad Garlinghouse confirmed that the company would no longer pursue further legal action on its end. He also expressed the expectation that the SEC would follow suit and discontinue its appeal to close this long-running case for good.

SEC’s Next Move Under Close Watch

Despite Ripple dropping its own cross-appeal more than two weeks ago, the SEC has yet to issue an official statement. With the meeting just hours away, many are watching closely to see if the anticipated announcement will happen.

However, not everyone is ready to draw conclusions just yet. Former SEC lawyer Marc Fagel took to social media to temper the ongoing speculation, pointing out that the SEC’s confidential meetings occur regularly every Thursday. He emphasized that outside parties are unaware of the specific items on the agenda, reiterating that any expectations about timing are purely conjectural. Fagel’s remarks served as a reminder to the community that while a decision to dismiss the case may be imminent, no one can pinpoint exactly when it will take place.

Related: XRP Price: $12M Max Pain for Bears

For now, the crypto world waits with bated breath. The potential end to the SEC vs Ripple legal battle could mark a major turning point—not only for XRP supporters but for the entire landscape of crypto regulation in the United States.