The post XRP Plummets 20% After Ripple’s Lawsuit Closure Against SEC, What’s Next? appeared on BitcoinEthereumNews.com.

TL;DR Was it a classic ‘sell-the-news’ event? It seems so, as XRP’s price has tumbled hard since Brad Garlinghouse’s triumphant announcement last week. Is the hype over, or can something bring back Ripple’s cross-border token? Lawsuit Closure It all started over four years ago, in December 2020, when the US SEC went after Ripple for selling unregistered securities (XRP) for $1.3 billion. The hit against Ripple was immediate as exchanges delisted the token, while former partners went away. The following four years were filled with twists and turns, but the company was actually in the lead, at least according to several court rulings that went its way. Moreover, its top two execs were exonerated. The SEC notched a minor win when Judge Torrest ruled that Ripple has to pay $125 million in penalties, but that was far off the $2 billion the agency asked for, which is why it appealed in 2024. However, that appeal was dropped last week when the company’s CEO, Brad Garlinghouse, announced on X that the case had essentially ended with the Commission’s decision. Ripple’s CLO confirmed that the firm has dropped its own appeal, which marked the end of the lawsuit. Oh, and the company still needs to make a payment to the SEC, but it’s not $2 billion, not even $125 million – only $50 million. Although the lawsuit’s conclusion is not a landslide victory for Ripple, it sure seems as if the company emerged as the moral winner. So, you would expect a massive surge for XRP, right? No Surge, Just Correction As with all major announcements, XRP reacted well to Garlinghouse’s statement last week and went from $2.3 to $2.6 within minutes. While many anticipated this to be the start of a major rally, the reality is entirely different. XRP lost almost…

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Filed under: News - @ March 29, 2025 12:22 pm