The settlement between the US SEC and San Francisco-based Ripple Labs is still awaiting court approval, maintaining legal tension around the status of XRP.
Delay in Settlement Approval
Defense lawyer James Filan disclosed on X that the SEC has filed a status report regarding the matter with the appeals court. The report notes that the parties have filed a joint stipulation for the dismissal of their appeals, but the dismissal is still pending.
The filing dated August 15 highlights that "the parties have filed a joint stipulation of dismissal of the Commission’s appeal (No. 24-2648) and Appellee-Cross-Appellant Ripple Labs, Inc.’s cross-appeal (No. 24-2705), with each party to bear its own costs and fees."
Community and Investor Reactions
Despite the new disclosure, many in the market view this as a sign that the five-year legal drama over XRP's status may not be fully over. Some observers point out that this filing does not necessarily indicate that the SEC v Ripple case remains unresolved in legal terms, although it may be settled in principle. Reportedly, XRP investors do not see the recent SEC filing as a significant event, considering the case settled.
XRP is up 1.54% in the past 24 hours, reflecting investor sentiment.
Current Trends in XRP
Despite the optimism from investors, XRP has shown worse performance over the past week and month compared to other major cryptocurrencies. Currently priced at $3.14, the token is down 5.87% over the past seven days and down 3.92% over the past 30 days, remaining well off its peak of $3.64. Nonetheless, XRP continues to be one of the best-performing crypto assets this year, up 35.34% so far in 2025, outpacing most major cap altcoins.
The delay in the SEC and Ripple Labs settlement approval continues to attract attention from the crypto market participants. Despite short-term setbacks, XRP is demonstrating strong performance relative to other assets.
