Ripple's Future This Summer: Key Events for XRP
Date: 2025-06-18 Author: Gabriel Deangelo Categories: BUSINESS
Two processes at once this summer could determine the future of Ripple and the XRP token in the US. The first is related to the SEC's decision regarding an exchange-traded fund based on spot XRP, and the second is related to an important stage in the litigation between the SEC and Ripple Labs.
In mid-June, the SEC announced an extension of the deadline for reviewing Franklin Templeton's application to create an XRP-ETF. The Cboe BZX platform filed this application, and the regulator opened a new period for public comments. Typically, the discussion lasts three weeks, and then another two weeks are given for objections. After that, the SEC will either approve the listing, reject the application, or postpone the decision again.
There is a statutory limit of 240 days for a final verdict on such applications. This deadline expires at the end of July 2025, and it will become clear then whether the regulator is ready to give the green light to the first ETF based on the altcoin XRP. In addition, the market is expecting a decision on the Solana ETF applications around the same time, which makes the end of summer especially important for the altcoin sector.
An equally significant case concerns the legal conflict between the SEC and Ripple. On June 16, the parties submitted a joint motion to the court. In it, they ask to reconsider the ban on institutional sales of XRP and to mitigate the amount of the monetary penalty for the company. In parallel, they asked the Court of Appeals to temporarily stay the appeal so that the lower court can consider the terms of the proposed settlement.
An official report is expected to be filed by August 15, which will provide an answer: whether Judge Analisa Torres accepted the agreement proposed by the parties or the proceedings will continue in the appellate instance. If the terms are approved, Ripple will be able to resume XRP sales to institutional clients, which will open up new business opportunities and remove key legal hurdles.
The end of July and mid-August will therefore be crucial for XRP. These dates could mark both new horizons for the token in the regulated markets of the United States and the long-awaited resolution of a long-standing conflict with the SEC. Investors will be closely watching the developments, which could determine the future of Ripple for years to come.
