The Ripple Vs. SEC lawsuit is nearing a conclusion following the crypto firm’s decision to drop its cross-appeal. Now, a crypto commentator has drawn the XRP community’s attention to July 3 as an important date to look forward to, as the SEC also moves to drop its appeal.  All Eyes on July 3 as Ripple vs. SEC Lawsuit Concludes In an X post, crypto commentator Captain Redbeard declared that July 3 is the moment of truth, with the SEC set to have a closed-door meeting on that day. He noted that Ripple has dropped its cross-appeal and that the Commission’s next move could end it all. Captain Redbeard added that if the agency follows through in dropping its appeal in the Ripple vs. SEC lawsuit, XRP is about to rip. He then remarked that game-changing clarity is within reach.  Bitcoinist reported that Ripple CEO Brad Garlinghouse had announced that his firm was dropping its cross-appeal. He also mentioned that the SEC is expected to do the same, as they promised initially. However, the agency is expected to have a Commissioner’s vote before it drops the appeal in the Ripple vs. SEC lawsuit.  However, contrary to Captain Redbeard’s opinion, ex-SEC lawyer Marc Fagel has clarified that July 3 isn’t necessarily concerning the vote on whether to drop the appeal. In an X post, Fagel noted that the proposed closed-door meeting happens every week and that the agenda is confidential. As such, it is impossible to know whether they will vote to drop the appeal in the Ripple vs. SEC lawsuit at that meeting.  The legal expert further remarked that the vote to dismiss the appeal could happen any Thursday in the future. He added that they could also approve the dismissal through a completely different mechanism.  What Needs To Be Done Before The Lawsuit Can End In another X post, Marc Fagel gave a breakdown of what needs to happen before the Ripple vs. SEC lawsuit can finally end. He stated that the Commission likely still needs to vote to dismiss the appeal. Once that is done, then both parties will need to submit papers dismissing their respective appeals, after which the district court’s order goes into effect.  Fagel explained that these procedures could take several weeks or more. However, it could be expedited, and so, there is no set timeframe. Meanwhile, he suggested that the XRP community shouldn’t get their hopes up about a vote to drop the appeal in the Ripple vs. SEC lawsuit happening on July 3.  The lawyer stated that it is almost certain that they won’t vote on this on Thursday. He admitted that he isn’t privy to the confidential agenda but that voting on the appeal would be highly unusual.  At the time of writing, the XRP price is trading at around $2.22, up in the last 24 hours, according to data from CoinMarketCap.

The XRP community has been making calls for a 1,000% surge in the XRP price. This comes following Ripple CEO Brad Garlinghouse’s symbolic reiteration of his support for XRP, which provides a bullish outlook for the altcoin.  XRP Price Gets Boost As Ripple CEO Declares 1,000% Support In an X post, Brad Garlinghouse put out the caption ‘1,000%,’ in which he was alluding to his support for XRP and the community as a whole. The community has described this post as being bullish for the XRP price and even called for a surge of 1,000%. Garlinghouse’s post came in response to a post by Digital Asset Investor, a prominent XRP community member.  Digital Asset Investor drew attention to the tattoo that the Ripple CEO had gotten following his firm’s victory against the SEC, when Judge Torres declared that XRP was not a security. Garlinghouse’s tattoo featured the XRP logo, which included the date ‘07-13-2023’, representing the day Judge Torres issued this ruling. Back then, the XRP price surged as much as 25% following Judge Torres’ ruling.  Digital Asset Investor’s caption highlighted the significance of Garlinghouse’s tattoo and how it indeed showed the Ripple CEO’s support for XRP. He claimed that for someone like Garlinghouse, who boasts a Harvard MBA, to have gotten a tattoo, it means that he has “thought it through and knows it is only going to change in a good way.” He then urged the community to lock in, just like Garlinghouse, who has zero doubts about XRP’s trajectory.  Garlighouse had earlier urged the community to “lock in” following his announcement of Ripple’s decision to drop the cross-appeal against the SEC. He also stated back then that his firm is focused on building the ‘Internet of Value.’ This is a significant boost for the XRP price, given its role in Ripple’s payment services.  XRP Can Indeed Rally 1,000% Crypto analyst Egrag Crypto has indicated that the XRP price can indeed record a 1,000% rally. In an X post, he revealed that the altcoin was forming a classic ‘W’ pattern. He then revealed that $15, $22, and $40 are the conservative, average, and optimistic targets, respectively, to watch. A rally to $22 will represent a surge of around 1,000% from the current XRP level.  Egrag Crypto had also earlier alluded to historical cycles as the rationale behind why the XRP price can reach between $9.5 and $37.5 in this market cycle. He claimed that a repeat of Cycle 1 could lead to an XRP rally of 2,000% to $37.5. On the other hand, if the altcoin mirrors Cycle 2’s performance, then it could record a gain of 455% and reach $9.5. At the time of writing, the XRP price is trading at around $2.22, up in the last 24 hours, according to data from CoinMarketCap.