The deadlock in the SEC v. Ripple case has been broken, and market sentiment has turned optimistic! After the judge rejected the motion for a declaratory judgment, the SEC's closed-door meeting still did not make a statement, but the price of XRP surged past $2.5, reaching an eight-week high. The core focus is whether the SEC will withdraw its appeal against the ruling on "programmatic sales" (a conclusion is expected by mid-August), as this outcome will directly affect the approval process of the XRP spot ETF in the U.S. (BlackRock's potential application is under scrutiny). Meanwhile, Bitcoin has reached an all-time high of $116,401, driven by multiple favourable information (advancements in regulatory legislation, rising expectations of interest rate cuts, easing geopolitical tensions, and continuous inflow of institutional funds into BTC spot ETFs). Crypto investors need to closely follow the SEC's appeal decision, the progress of U.S. crypto legislation (such as the CLARITY Act), signals from the Fed, and the fund flows of spot ETFs, as these will be key factors determining whether XRP and BTC can hit new historical highs.