The long-running legal battle between Ripple and the Securities and Exchange Commission (SEC) has entered a fresh period of uncertainty as both parties await a pivotal court decision that could shape the outcome.
In a joint status update filed on June 16, Ripple and the SEC requested the Second Circuit Court of Appeals to continue holding the appeals in abeyance.
According to defense attorney James Filan, who shared the update on X on June 17, the move is linked to a pending motion for an indicative ruling in the lower court, an essential step toward modifying the final judgment and implementing a proposed settlement.
As part of the latest timeline, the SEC has been directed to submit a status report by August 15, 2025.
Ripple and SEC settlement deal
The settlement proposal, first revealed in a May 8 agreement, would see Ripple pay the SEC a $50 million civil penalty and return $75 million currently held in escrow to the blockchain company.
However, the deal hinges on the district court formally lifting an existing injunction.
A procedural hurdle emerged when the court rejected a joint request for an indicative ruling on May 15, citing the absence of “exceptional circumstances” required to alter a final judgment.
In response, the parties filed a revised motion on June 12, seeking to clarify their legal grounds and urging the court to reconsider.
With the revised motion still under review, Ripple and the SEC have effectively paused the appellate process while awaiting the lower court’s decision. If approved, the ruling could pave the way for a final settlement and bring the case to a close.
XRP price analysis
Meanwhile, XRP continues to trade in line with the broader crypto market, which is facing bearish sentiment. As of press time, XRP was trading at $2.15, down over 7% in the past 24 hours. The token has also slipped more than 5% over the past week.
Looking ahead, bulls will need to step in to prevent further downside. Currently, XRP risks losing support at $2, which could trigger deeper losses.
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