What an XRP Nasty Candle! Analyst Says As Ripple vs SEC Case Gets Another Decision Date

XRP investors were blindsided this week by a sharp price reversal that formed what analyst EGRAG Crypto called a “nasty candle.” Just as the asset appeared poised to regain bullish momentum, amid rising institutional interest and renewed optimism over a legal resolution, XRP plummeted from above $2.30, currently trading around $2.17. The timing of the drop, as EGRAG noted, was particularly ironic, occurring immediately after a significant legal development in the Ripple vs. SEC case. Joint Legal Filing Shifts Expectations Ripple and the U.S. Securities and Exchange Commission had just submitted a joint status report to the U.S. Court of Appeals for the Second Circuit, requesting that the appellate case remain on hold. #XRP – What a Nasty Candle! Just as #XRP was breaking out, timing couldn’t be more ironic . The #SEC and #Ripple filed a joint status report with the Second Circuit Court, requesting to pause appeals while waiting for the district court to decide on a pending motion for… https://t.co/uT0nhS2cVU pic.twitter.com/e2i24UOpws — EGRAG CRYPTO (@egragcrypto) June 17, 2025 The filing asked the court to continue pausing the proceedings while Judge Analisa Torres of the district court considers a refiled joint motion for an indicative ruling , a move that could pave the way for a final settlement. This new motion was submitted a few days ago after Judge Torres rejected the initial proposal on procedural grounds. Another Delay Fuels Market Frustration What was initially perceived as a step toward closure quickly turned into a new setback. The appellate court’s decision has now been postponed until August, undermining the bullish sentiment that had recently returned to the market. XRP’s rally above key resistance levels proved short-lived, and the sudden pullback has left many holders frustrated. EGRAG Crypto’s commentary reflects this mood, highlighting how regulatory developments continue to dictate the asset’s price behavior. Window of Opportunity for Institutional Players Despite the disappointment, some analysts believe the delay could be a strategic advantage for institutional investors. With XRP consolidating around $2, the pause in proceedings may offer a prime accumulation window before any final ruling. EGRAG emphasized that patience and adaptability are crucial traits for navigating the intersection of legal processes and market dynamics. We are on twitter, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) July 15, 2023 Next Steps: August 15 Status Update The SEC has confirmed it will submit a follow-up filing to the appellate court by August 15, 2025. This update will aim to maintain the paused status of the appeal while the district court evaluates the refiled settlement motion. Though the revised proposal remains sealed, it is expected to address the procedural issues cited by Judge Torres while presenting a framework for resolving the years-long case. Looking Ahead Though legal delays have created price setbacks, XRP’s long-term narrative remains intact. As EGRAG pointed out, market performance continues to hinge on legal clarity. With mid-August now circled as the next key date, XRP holders are once again urged to stay informed and patient. The price may have taken a hit, but the broader journey toward resolution is still unfolding, and inching closer to the endgame. Disclaimer : This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses. Follow us on Twitter , Facebook , Telegram , and Google News The post What an XRP Nasty Candle! Analyst Says As Ripple vs SEC Case Gets Another Decision Date appeared first on Times Tabloid .

Source: TimesTabloid