The SEC is set to hold a closed-door meeting on July 10 to vote on dropping the appeal in the Ripple lawsuit, potentially leading to a bullish breakout for XRP.
Speculation suggests that the Ripple lawsuit may finally be concluded as the SEC agenda includes discussions on legal actions and litigation claims.
Ripple's CEO expressed intentions to drop the company's cross-appeal, but the SEC has not withdrawn its appeal yet, indicating that a resolution could still take time.
XRP's price could be influenced by the outcome of the SEC meeting, with Ripple CEO set to testify before the Senate on July 9 and growing pressure for clear crypto market rules.