The post XRP News Today: XRP Price Surges 8.5% as Ripple Set to Receive $75 Million from SEC Lawsuit Settlement appeared on BitcoinEthereumNews.com.

After more than four years of courtroom battles, Ripple and the U.S. Securities and Exchange Commission (SEC) have officially reached a settlement. The long-standing legal dispute, which began in December 2020, has finally concluded with Ripple agreeing to pay a reduced penalty of $50 million—down from the initially proposed $125 million. In a significant turn of events, the SEC will return $75 million of previously escrowed funds back to Ripple. Ripple-SEC Case Reaches Final Settlement The settlement marks the conclusion of one of the most heavily tracked crypto cases. The SEC initially charged Ripple with raising more than $1.3 billion in unregistered securities offerings through the sales of XRP. But later, the court determined that even though Ripple’s programmatic exchange sales were not within federal securities law, its direct institutional sales of XRP did violate it. The SEC has officially filed a settlement letter in the Ripple vs. SEC case. Source: Cryptoinsightuk via X SEC Commissioner Caroline Crenshaw criticized the outcome, stating, “This settlement…does a tremendous disservice to the investing public and undermines the court’s role in interpreting our securities laws.” Despite such remarks, the agreement provides long-awaited clarity around XRP’s regulatory status. XRP Price Breaks Out Following Legal Clarity With the lawsuit now settled, the XRP price has responded positively. The cryptocurrency surged more than 8.5% over the past 24 hours, rising above the key resistance level of $2.25. The bullish momentum continued into Friday’s trading session, with XRP briefly testing the $2.40 level and eyeing further gains. XRP was trading at around $2.40, up 8.52% in the last 24 hours at press time. Source: XRP Liquid Index (XRPLX) via Brave New Coin According to crypto analyst Aayush Jindal, “XRP price remained supported above the $2.12 level and started a fresh upward wave… The price might face resistance near…

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Filed under: News - @ May 9, 2025 5:28 pm