# XRP Lawsuit Update: Ripple and SEC Expected to End Appeals by August 15, According to Lawyer
## Introduction
With the upcoming August 15 deadline for the XRP lawsuit status report, former SEC lawyer Marc Fagel expresses hope for a favorable turn of events. Speculation is rife within the XRP community as Fagel suggests that both Ripple and the SEC are likely to withdraw their appeals before the impending deadline.
## XRP Lawsuit: A Glimmer of Hope Before August 15
Former SEC lawyer Marc Fagel is optimistic about a potential resolution in the ongoing XRP lawsuit between Ripple and the Securities and Exchange Commission (SEC). As the deadline for the August 15 status report draws near, Fagel believes that there is a strong likelihood of both parties opting to dismiss their appeals, marking a significant development in the case.
## Awaiting a Positive Outcome
Despite the legal disputes surrounding XRP, there is a sense of anticipation within the XRP community regarding the possibility of Ripple and the SEC resolving their differences before the August 15 deadline. The speculation has sparked discussions and heightened interest among those closely monitoring the lawsuit proceedings.
## Conclusion
The forthcoming August 15 status report deadline in the XRP lawsuit has spurred hopes of a potential resolution with Ripple and the SEC possibly dropping their appeals, as suggested by former SEC lawyer Marc Fagel. The evolving situation continues to be a focal point of interest within the XRP community, awaiting a significant development in the legal battle. Stay tuned for updates on this important milestone in the XRP lawsuit saga.