XRP News Today: Will SEC Vote Ignite XRP Breakout or Trigger Sell-Off? BTC at $115k

Another Thursday and Another Closed Meeting: Will the SEC Hold a Vote?

Market focus shifts to XRP and the SEC vs. Ripple case. A closed SEC meeting potentially sets the stage for a crucial vote. Judge Analisa Torres rejected Ripple and the SEC’s joint motion for an indicative ruling on settlement terms on June 26, 2025. The parties previously agreed to withdraw their appeals if Judge Torres supported the settlement terms.

Despite the court ruling, Ripple declared it would drop its cross-appeal on June 27, 2025, raising hopes for a swift end to the case. Since the announcement, XRP soared from $2.1053 to a July 18, 2025, all-time high of $3.6606 before retreating.

About six weeks have passed since Judge Torres’ ruling and Ripple’s declaration, yet the SEC has remained silent on its plans to appeal. The SEC’s delayed vote on whether to withdraw the appeal against the Programmatic Sales of XRP ruling has weighed on sentiment. XRP dropped to an August 3 low of $2.7254 before steadying.

A vote in favor of withdrawing the appeal could be a much-needed catalyst for the next breakout. A withdrawal would mean the Programmatic Sales ruling stands, affirming XRP as a non-security in secondary sales. An end to the case could clear the way for the SEC to consider pending XRP‑spot ETF applications. If approved, these may fuel institutional demand and trigger a price breakout.

On the other hand, a vote in favor of pursuing an appeal would be a shock event, likely triggering a sharp sell-off.

Court of Appeals Deadline Looms – Another Possible Delay?

Notably, the SEC has to submit a progress report on the Ripple settlement to the US Court of Appeals by August 15, 2025. The SEC has yet to notify the US Court of Appeals of Judge Torres’ ruling, giving the agency time to hold an internal vote before deciding whether to drop its appeal.

Investors see August 15 as a pivotal date for clarity on the SEC’s intentions. While the court requires a progress report, the SEC could request the Court of Appeals to hold the case in abeyance—effectively pausing the appeal—citing legislative developments on Capitol Hill.

Why are legislative developments a consideration for the SEC?

US lawmakers are progressing crucial digital asset legislation in Congress, providing the digital asset space with a much-needed regulatory framework. These frameworks will dictate the SEC and CFTC’s regulatory authority over digital assets. If bills define cryptos as non-securities in secondary sales, it could significantly weaken the SEC’s position on appeal. However, if legislation leaves the door open to interpretation, an appeal remains possible.

On Tuesday, August 5, 2025, Ripple Chief Legal Officer, Stuart Alderoty, sent a letter addressed to Tim Scott, Chairman of the Senate Committee on Banking, Housing, and Urban Affairs. Alderoty criticized the current draft of the Digital Asset Market Structure and Investor Protection Act, stating:

“Additional revisions are required to refine jurisdictional boundaries and achieve a balanced oversight framework.”

Alderoty identified the potential for further regulatory overreach, warning:

“The current definition of “ancillary asset” risks significant regulatory overreach because it effectively presumes that any token once offered in connection with an investment contract places future transactions of that token by the “originator” under SEC jurisdiction—indefinitely. There is no objective statutory endpoint, leaving market participants dependent on discretionary SEC action to terminate oversight.”

Ripple’s Chief Legal Officer also highlighted the potential risks of relying on agency discretion, stating:

“While we may hope that the current Commission will act in good faith, changes in administration can bring shifts in enforcement priorities and interpretations. There is no assurance that different SEC leadership will faithfully apply the law or exercise discretion in a consistent or principled manner.”

Despite the ongoing uncertainty, legal experts are optimistic that the SEC will drop the appeal. But anything is possible. This uncertainty might expose XRP to heightened volatility in the lead-up to the August 15 court filing deadline.

XRP Price Outlook: SEC Appeal and Spot ETFs

XRP gained 1% on Wednesday, August 6, partially reversing Tuesday’s 3.58% slide to close at $2.9927. The token tracked the broader market, which rose 1.01%, lifting the total crypto market cap to $3.71 trillion.

XRP’s near-term price trajectory hinges on several crucial catalysts, including:

• The SEC’s appeal vote.
• XRP-spot ETF headlines.
• Ripple’s progress on a US banking license.
• SWIFT-related updates.
• Legislative developments.

A breakout above $3 could pave the way toward the crucial $3.2 resistance level. A sustained move through $3.2 may enable the bulls to target the July 28 high of $3.3302.

However, a break below the August 5 low of $2.9184 may bring the 50-day Exponential Moving Average (EMA) into play. Intensifying selling pressure could enable the bears to target the August 3 low of $2.7254.

Explore our full XRP forecast here for key breakout zones and timing insights.

Bitcoin Steadies as Spot ETF Market Eyes Inflow Return

Bitcoin (BTC) joined XRP in positive territory on August 6. US BTC-spot ETF market inflows lifted sentiment despite prior outflows. According to Farside Investors, key flow trends for August 6 included:

• Bitwise Bitcoin ETF (BITB) reported net inflows of $26.4 million.
• Grayscale Bitcoin Trust (GBTC) had net inflows of $14.5 million.
• Fidelity Wise Origin Bitcoin Fund (FBTC) and VanEck Bitcoin ETF (HODL) saw total net inflows of $14.2 million.
• Meanwhile, ARK 21Shares Bitcoin ETF (ARKB) reported net outflows of $5.4 million.

With BlackRock (BLK) iShares Bitcoin Trust (IBIT) flow data pending, total US BTC-spot ETF inflows reached $49.7 million. Notably, the US BTC-spot ETF market could snap a four-day outflow streak if IBIT can avoid a fourth day of net outflows.

Better-than-expected US corporate earnings and reports that Apple Inc. (AAPL) is planning to announce a $100 billion manufacturing investment in the US lifted sentiment. Tariff developments failed to dampen sentiment. President Trump proposed a 100% levy on foreign semiconductors, and raised tariffs on India and Japan to 50% and 30%, respectively. He also signaled an imminent 250% tariff on pharmaceuticals.

BTC Price Outlook: US Recession Risks and Spot ETF Flows in Focus

BTC rose 0.8% on Wednesday, August 6, reversing Tuesday’s 0.84% fall to close at $115,052.

Several key factors will continue to dictate the near-term price outlook. These include:

• US labor market data.
• Fed policy signals.
• Legislative developments on Capitol Hill.
• BTC-spot ETF flows.

Potential scenarios:

• Bearish Scenario: Legislation roadblocks, weaker US labor market data, hawkish Fed rhetoric, and ETF outflows. A combination of these may drag BTC below the 50-day Exponential Moving Average (EMA), exposing the crucial $110,000 support level.
• Bullish Scenario: Bipartisan support for crypto legislation, upbeat labor market data, dovish Fed cues, and ETF inflows. In this case, BTC could target the all-time high of $122,055.

Key Market Drivers to Fuel or Derail a Breakout

Traders should closely monitor the following price catalysts to assess whether XRP and BTC mount extended recoveries:

• Ripple case: Pending SEC appeal vote.
• Legislative news: The CLARITY Act.
• US economic data: Jobless Claims, unit labor costs, and nonfarm productivity.
• Fed commentary: Hawkish or dovish signals.
• ETF market flows: Flow trends crucial for BTC’s supply-demand balance.

See where analysts expect XRP and BTC to head as legal and political risks evolve.