XRP Price Jumps as Ripple Closes Chapter on SEC Legal Battle
The price of XRP surged following Ripple CEO Brad Garlinghouse‘s announcement that the company is dropping its cross-appeal against the U.S. Securities and Exchange Commission (SEC). This move signals a definitive conclusion to one of the cryptocurrency industry’s most closely watched legal battles, sparking renewed optimism among investors.
Why This Matters for XRP and Crypto Markets
The decision to end the cross-appeal effectively draws a line under the multi-year lawsuit, which began in 2020 when the SEC accused Ripple of selling XRP as an unregistered security. Key takeaways from this development include:
- Regulatory clarity: The resolution reinforces the 2023 court ruling that XRP is not inherently a security, providing clearer guidelines for the broader crypto market.
- Market confidence: Traders interpreted the news as a bullish signal, with XRP gaining over 8% within hours of the announcement.
- Industry precedent: The outcome may influence how regulators approach other altcoins in future enforcement actions.
What Comes Next for Ripple?
With the legal overhang removed, Ripple can now focus on:
- Expanding its cross-border payment solutions leveraging XRP
- Pursuing strategic partnerships with financial institutions
- Accelerating development of the XRP Ledger ecosystem
Market Reactions and Technical Outlook
Crypto analysts note that XRP broke through key resistance levels following the news, with trading volume spiking 300% on major exchanges. The next critical test will be whether the token can sustain momentum above $0.60, a psychological barrier that has capped previous rallies.
“This isn’t just about Ripple – it’s a validation for the entire crypto industry that reasonable regulation is possible,” noted market strategist Alicia Rodriguez. “We’re seeing renewed interest in altcoins across the board as institutional investors gain comfort with the regulatory landscape.”
As the SEC is expected to formally withdraw its claims in coming weeks, all eyes remain on whether this resolution will mark the beginning of a new growth phase for XRP and similar assets caught in regulatory uncertainty.
