On March 19, 2025, Ripple CEO Brad Garlinghouse announced that the U.S. SEC would drop its appeal against Ripple, leading to a notable rise in XRP’s value.

The SEC’s decision to withdraw its appeal signifies a pivotal legal win for Ripple and its cryptocurrency, XRP, which saw a significant price jump, demonstrating renewed market confidence.

SEC’s Withdrawal Ends Ripple’s Legal Battle

The U.S. Securities and Exchange Commission (SEC) has decided to drop its appeal against Ripple. This decision follows a protracted legal battle between Ripple and the SEC over the classification of XRP.

Ripple, led by CEO Brad Garlinghouse, has been embroiled in this legal face-off since 2020. The SEC’s withdrawal marks a substantial victory for Ripple and is expected to influence their future operations significantly. “This is it – the moment we’ve been waiting for. The SEC will drop its appeal – a resounding victory for Ripple, for crypto, every way you look at it. The future is bright. Let’s build.” – Brad Garlinghouse, CEO, Ripple.

XRP Reaches $2.56 After SEC Decision

The latest price data indicates that XRP is currently trading at $2.56, with a notable increase in value. Analysts suggest that this trend aligns with previous market movements, reinforcing historical price patterns for Ripple’s asset.

Crypto analyst EGRAG CRYPTO highlighted potential financial implications, suggesting price targets of $33 and $70. “I’ve been closely analyzing the strength of Wave 1 across various crypto charts, and after reviewing multiple projects, I’ve noticed a compelling pattern in #XRP that could signal a potential cycle top.” This forecast considers both historical trends and Ripple’s recent legal triumph, influencing future market dynamics.

Ripple Case Joins Notable Regulatory Precedents

The Ripple and SEC legal confrontation is reminiscent of other landmark regulatory cases. Previously, such cases have significantly impacted market values, as seen with Bitcoin’s scrutiny in 2017.

Expert insights reveal potential outcomes for XRP, drawing from historical trends in cryptocurrency regulation. Analysts see data-driven growth, with positive projections based on Ripple’s strengthened legal position.

The post SEC Drops Appeal, XRP Prices Surge Over 12% appeared first on Kanalcoin.

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Filed under: News - @ March 20, 2025 3:49 am