Tech founder Vincent Van Code has predicted that the XRP price could see a notable rally in August if the SEC formally moves to dismiss its appeal against Ripple. This follows growing reports of its potential dismissal in the coming month.
Tech Founder Touts XRP To Rally In August
In a recent X post, Tech founder Vincent Van Code forecasted that the XRP will likely climb in mid-August if the SEC files an appeal dismissal. He shared that such a move could unlock hundreds of partnerships currently hidden under roughly 1,700 non-disclosure agreements (NDAs).
XRP price will no doubt go up mid mid-August if SEC formally files appeal dismissal. Then, potentially we see 100s of existing 1,700 NDA companies coming out.
He added that institutional catalysts, including potential ETF approvals and large firms entering the market, could further support a price surge. Notably, Ripple’s recent partnership with BNY Mellon to custody RLUSD reserves underscores this point, highlighting how expanding institutional adoption can significantly drive XRP’s growth.
Responding to his post on X, a commentator argued that the delay in the proceedings was a deliberate move to keep the price low, in preparation for the White House crypto report, while holding Ripple accountable for a fine. Van Code responded by explaining that Ripple had already paid the penalty into escrow, which would be released once both sides withdraw their appeals.
At press time, the XRP price is trading sideways after recently hitting a new all-time high. Indicators suggest that if the SEC drops its appeal in August and approves the current XRP ETF filings, the token could surge exponentially.
He also highlighted that major players are already building on the XRPL, Ripple, and XRP, although many remain quiet until complete legal clarity arrives.
August 15: The Date Investors Are Watching
In June, Ripple and the SEC filed a status report asking to pause the appeal process until August 15. Many in the XRP community see this as a final countdown to its resolution. However, former SEC lawyer Marc Fagel clarified the legal nuance. He stated that August 15 isn’t a hard deadline to finalize a settlement, but rather the day both parties must update the court on the appeal’s status.
Fagel also pushed back against overly bullish predictions, saying the court had already imposed a $125 million penalty on Ripple, making rumors of a lower $50 million fine unlikely. Nonetheless, XRP advocates believe the SEC may still drop its appeal, especially after previous signals suggesting a possible resolution.
In addition to Marc Fagel’s cautious approach, Bill Morgan, an Australian lawyer following the case, pointed out that the SEC isn’t legally required to withdraw its appeal by August 15. Instead, they could even request more time.
Michael Adeleke
Michael Adeleke is a passionate crypto journalist known for breaking down complex blockchain concepts and market trends into clear, engaging narratives. He specializes in delivering timely news and sharp market analysis that keeps crypto enthusiasts informed and ahead of the curve. With an engineering background and a degree from the University of Ibadan, Michael brings analytical depth and precision to every piece he writes.
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