The post Ripple Vs SEC To End Today? Former SEC Lawyer Says ‘Highly Unlikely’ appeared first on Coinpedia Fintech News The Ripple vs SEC case continues to stir up the crypto community, especially on X (formerly Twitter), where new rumours are flying that the long-running lawsuit could finally end today. But according to a former SEC lawyer, those hopes might be a little too optimistic. According to latest rumours, both Ripple and the US Securities and Exchange Commission (SEC) were about to dismiss their appeals and bring the case to a close today. However, Marc Fagel stepped in to clear the air. In a post on X, Fagel said it’s “highly unlikely” that the Ripple case will be resolved today. He explained that at this point, neither party has officially withdrawn their appeal. Also, the SEC usually takes several weeks or even months to vote on enforcement matters like this. “Anything is possible, but it would be very unusual,” Fagel added, saying that anyone claiming the case is ending today probably doesn’t understand how the SEC works internally. Once both Ripple and the SEC officially drop their appeals, Judge Analisa Torres’s previous ruling against Ripple would immediately take effect, no further court decisions needed. While Ripple CEO Brad Garlinghouse has spoken about dismissing their appeal, no formal paperwork has been filed yet. Highly unlikely. At this point neither party has dismissed their appeal; it typically takes the SEC several weeks (or months) to vote on enforcement matters. Anything is possible, but it would be very unusual (and anyone saying otherwise doesn't understand how the SEC works). — Marc Fagel (@Marc_Fagel) July 6, 2025 Adding to the speculation, the SEC held a closed-door meeting on July 3rd, sparking hopes of a fast settlement announcement. But Fagel poured cold water on that too, saying it was just a regular meeting and it typically takes several weeks for enforcement matters to be added to the SEC’s voting agenda. He also reminded the community that the SEC is known for moving slowly when it comes to processes like these, even if the outcome feels obvious. What’s Next for Ripple and XRP? Both sides are still expected to drop their appeals, but it’s likely to take more time. While the crypto world moves at lightning speed, government agencies, as Fagel put it, tend to move like snails. For now, XRP holders are advised to stay patient. The final dismissal might not happen as quickly as the rumour mill suggests, but the end of this years-long case is slowly approaching.
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The crypto market is showing mixed signals today, with the total crypto market cap falling 1.5%. Bitcoin is up 1.3% over the past 24 hours, currently trading just above $109,400. Ethereum has held strong position, rising over 2.4% and trading above $2,570. But what else is happening in crypto news today? Follow our up-to-date live coverage below. The post [LIVE] Crypto News Today: Latest Updates for July 7, 2025 – “Fiat Is Hopeless”: Elon Musk Says ‘America Party’ Will Embrace Bitcoin appeared first on Cryptonews .
Jack Dorsey, CEO of Block and co-founder of Twitter, has unveiled Bitchat, a pioneering decentralized messaging app leveraging Bluetooth mesh networks for encrypted, internet-free communication. This innovative platform eliminates reliance
XRP price started a decent upward move from the $2.20 zone. The price is now showing positive signs and might aim for a move above the $2.285 resistance. XRP price started a fresh increase above the $2.2320 zone. The price is now trading above $2.2320 and the 100-hourly Simple Moving Average. There is a short-term contracting triangle forming with resistance at $2.280 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair could start another increase if it clears the $2.280 zone. XRP Price Faces Resistance XRP price started a fresh increase after it settled above the $2.220 level, like Bitcoin and Ethereum . The price was able to climb above the $2.2320 resistance level. The bulls were able to push the price above the $2.250 level. Moreover, there was a clear move above the 61.8% Fib retracement level of the downward move from the $2.3111 swing high to the $2.197 low. The price is now trading above $2.250 and the 100-hourly Simple Moving Average. On the upside, the price might face resistance near the $2.280 level. There is also a short-term contracting triangle forming with resistance at $2.280 on the hourly chart of the XRP/USD pair. The first major resistance is near the $2.2850 level. It is close to the 76.4% Fib retracement level of the downward move from the $2.3111 swing high to the $2.197 low. The next resistance is $2.320. A clear move above the $2.320 resistance might send the price toward the $2.350 resistance. Any more gains might send the price toward the $2.40 resistance or even $2.420 in the near term. The next major hurdle for the bulls might be $2.50. Another Decline? If XRP fails to clear the $2.2850 resistance zone, it could start another decline. Initial support on the downside is near the $2.260 level. The next major support is near the $2.2320 level. If there is a downside break and a close below the $2.2320 level, the price might continue to decline toward the $2.20 support. The next major support sits near the $2.150 zone. Technical Indicators Hourly MACD – The MACD for XRP/USD is now gaining pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is now above the 50 level. Major Support Levels – $2.2320 and $2.20. Major Resistance Levels – $2.2850 and $2.320.