The U.S. Securities and Exchange Commission (SEC) officially dropped its lawsuit against Ripple, marking a significant victory for the crypto industry. This decision ended a four-year legal battle that had cast uncertainty over XRP’s future.
After the news broke, XRP’s price jumped over 10%, reflecting strong investor confidence in the asset’s long-term potential. The lawsuit has hindered Ripple’s growth since 2020, but with this obstacle removed, investors are anticipating major developments ahead.
SEC vs. Ripple: The Four-Year Battle Comes to an End
The SEC accused Ripple of selling XRP as an unregistered security in a $1.3 billion case. In 2023, a U.S. judge ruled that XRP does not qualify as a security when traded on public exchanges. However, the court found that Ripple’s sales to institutional investors violated securities laws.
The SEC initially planned to appeal the ruling but has now abandoned the case entirely. This decision removes a major regulatory hurdle that had slowed XRP’s adoption and growth.
Speaking in New York, Ripple CEO Brad Garlinghouse celebrated the victory. “It was a tough fight, but we always knew we were doing the right thing,” he said. He criticized the SEC’s handling of the case, pointing out that no investors suffered losses and that the lawsuit was unnecessary and unfair.
This move signals a shift in the SEC’s approach toward crypto regulation. Recently, the agency also dropped lawsuits against Coinbase, Robinhood, and Uniswap, suggesting a more flexible stance on digital assets.
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Why Is XRP Rising?
The SEC’s decision to drop the lawsuit triggered an immediate 8.44% increase in XRP’s price, pushing it to $2.48. Its market capitalization surged to $144.45 billion, while trading volume soared by 212.53%.
As XRP’s value surged past Ethereum, it became a hot topic in the crypto space. Investors see this price movement as a sign of renewed momentum and expect further upside potential.
XRP Price Prediction: Could It Reach $100?
Crypto analysts at Coin Gabbar believe that XRP could experience significant price gains now that legal uncertainties are gone. Some experts predict that XRP could hit $5 soon, while long-term forecasts suggest a possible rise to $100.
Although these projections remain speculative, the end of the lawsuit strengthens XRP’s market position. Without regulatory roadblocks, institutional investors and mainstream adoption could drive XRP’s value even higher.
A Bright Future for XRP – What’s Next?
XRP continues to expand globally and gain regulatory approval. Recently, it became the first blockchain payment provider to receive full approval from the Dubai Financial Services Authority.
Additionally, XRP is now part of former U.S. President Donald Trump’s crypto reserve, underscoring its growing importance in global finance. This recognition increases investor confidence and could lead to broader adoption in traditional markets.
As the possibility of an XRP ETF approval grows, more institutional investors could enter the market. The SEC’s softened stance on crypto regulation and Trump’s pro-crypto stance add to the excitement surrounding XRP’s future.
Now that Ripple’s legal battle is over, XRP is positioned for a major breakout in the fast-evolving cryptocurrency landscape.
