XRP News Today: SEC's closed-door meeting reoccurs, the vote on the Ripple case appeal becomes the key to XRP's breakthrough, August 15 marks a regulatory watershed.

The U.S. Securities and Exchange Commission (SEC) will hold a closed-door meeting this Thursday, with the market highly focused on whether it will conduct a key vote regarding the withdrawal of the Ripple case appeal. Previously, Judge Analisa Torres rejected the joint motion for a settlement between Ripple and the SEC on June 26, but Ripple announced the abandonment of its cross-appeal the next day. The SEC's six-week policy silence has weighed down the XRP price, and if the vote supports the withdrawal of the lawsuit, it will establish XRP's non-security status in the Secondary Market and pave the way for the approval of the XRP Spot ETF; if it insists on appealing, it could trigger dumping. On August 15, the SEC needs to submit a case progress report to the appellate court, while the congressional encryption legislation process (especially the revision controversy of the Digital Asset Market Structure and Investor Protection Act) will become an important variable in the SEC's decision-making.

Cloud of Closed-Door Meeting: SEC Appeal Vote Imminent Market focus once again turns to the legal battle between the SEC and Ripple. The SEC is scheduled to hold a closed-door meeting this Thursday, which may include a key vote on whether to appeal the ruling that "XRP Programmatic Sales do not constitute a securities offering." Backtracking the timeline:

• June 26, 2025: Chief Judge Analisa Torres denied both parties' joint motion for her to issue an Indicative Ruling on the settlement terms.
• June 27, 2025: XRP unilaterally announced the abandonment of the Cross-Appeal, signaling a swift resolution to the case. Driven by this, XRP surged from $2.1053 to a historic high of $3.6606 on July 18, but then fell back due to the SEC's continued silence, dropping to a low of $2.7254 on August 3.

The bidirectional nuclear bomb effect of voting results

• Withdrawal of Lawsuit Scenario (Bull Market Catalyst)：
  • Establish the legal validity of the "XRP Secondary Market selling non-securities" precedent.
  • Clear the obstacles for XRP Spot ETF approval, open the institutional capital entry channel
  • XRP may initiate a breakout trend
• Persisting Appeal Situation (Black Swan Event):
  • Disrupt the market's expectations for regulatory certainty
  • May trigger XRP panic selling

August 15: Legal Reporting Date and Potential Delay Risks The SEC must submit a progress report on the XRP case to the U.S. Court of Appeals by August 15. Notably, the SEC has not yet informed the Court of Appeals of Judge Torres's ruling, which has created a time window for its internal voting. Investors see this date as a key clarification point for the SEC's intentions. However, the SEC may cite congressional legislative progress as a reason to request the Court of Appeals to hold the case in abeyance, resulting in a de facto delay.

Legislative Game: Regulatory Bill Amendments Become a Variable in SEC Decision Making The U.S. Congress is currently actively advancing legislation on digital assets, aimed at clarifying the regulatory responsibilities between the SEC and the CFTC. The content of the bill directly affects the SEC's appeal position:

• If legislation clearly defines secondary market tokens as non-securities, it will weaken the basis for SEC appeals.
• If the regulations leave room for interpretation (such as the current draft), the possibility of appeal still exists.

XRP legal executives accuse the draft of "regulatory overreach" risks On August 5, Ripple's Chief Legal Officer Stuart Alderoty wrote to Senate Banking Committee Chairman Tim Scott, criticizing the current draft of the "Digital Asset Market Structure and Investor Protection Act" for its flaws:

1. Definition flaw of "Ancillary Asset": It may indefinitely bring the subsequent transactions of the token issuer under the jurisdiction of the SEC, lacking a clear regulatory exit mechanism.
2. Risks of Reliance on Administrative Discretion: The bill overly relies on the SEC's discretion, but "a change of administration may lead to abrupt changes in enforcement standards, making it impossible to ensure regulatory consistency and principles."

XRP Price Outlook: Multiple Catalysts Resonating XRP rebounded 1% to $2.9927 on August 6, following the overall market rebound. The short-term trend depends on:

• SEC Appeal Vote Result
• XRP Spot ETF Dynamics
• XRP U.S. bank license progress
• SWIFT cooperation news
• Congressional legislative process Key Technical Level：
• Breaking through 3 dollars will challenge the resistance level of 3.2 dollars, and if it stabilizes, it may test the July 28 high of 3.3302 dollars.
• If it falls below the August 5 low of $2.9184, it may test the 50-day Exponential Moving Average (EMA), and further decline could reach the August 3 low of $2.7254.

Bitcoin linkage: Spot ETF fund flow reversal boosts the market Bitcoin (BTC) rose 0.8% to $115,052 on August 6, with the inflow of funds into the US BTC Spot ETF being a key driving force:

• Bitwise (BITB): Net inflow of $26.4 million
• Grayscale (GBTC): Net inflow of $14.5 million
• Fidelity (FBTC) and VanEck (HODL): Total net inflow of $14.2 million
• ARK 21Shares (ARKB): Net outflow of 5.4 million USD
• Total net inflow for the day: $49.7 million (BlackRock IBIT data pending), expected to end the four-day outflow trend.

BTC Short-term Variables: Economic Data and Policy Signal Tug-of-War Core factors affecting BTC's outlook:

• US labor market data (unemployment claims, non-farm productivity)
• Federal Reserve policy direction (hawkish/dovish signals)
• Encryption legislative progress (CLARITY Act)
• BTC Spot ETF fund flow Long and Short Scenario Simulation:
• Bear Market Scenario: Legislative stagnation, weak employment data, hawkish Fed, ETF outflows - may break below the 50-day EMA and test the $110,000 support.
• Bull Market Scenario: Bipartisan support for legislation, strong data, dovish signals, ETF inflows - or attacking historical high of $122,055

Conclusion: Regulation, Legislation, and Capital Flow Build the Triple Gates of the Encryption Market In the coming days, three major variables will determine whether XRP and BTC can continue to rebound:

1. XRP Case Ruling: SEC Closed-Door Meeting Vote and Progress Report on August 15
2. Legislative Process: Can the amendments to the "CLARITY Act" resolve the regulatory overreach controversy?
3. Macroeconomics: Employment data and Federal Reserve statements
4. Capital Flow: Continuous improvement in the liquidity of Spot ETF The SEC's decision not only relates to the regulatory certainty breakthrough for XRP, but it will also become a watershed event to test the quality of the U.S. digital asset regulatory framework.