Ripple Ends Legal Battle with SEC: XRP Price Primed for Breakout After Case Closure

Ripple Labs has dropped its cross-appeal in the XRP securities lawsuit, signaling the official end of the legal battle with the SEC and setting the stage for XRP’s potential breakout.

Ripple Labs, the blockchain-based payments company behind XRP, has formally dropped its cross-appeal in the long-running legal dispute with the United States Securities and Exchange Commission (SEC). This final procedural step effectively brings the over four-year legal saga to a close.

The decision to abandon the appeal came shortly after CEO Brad Garlinghouse confirmed the lawsuit’s resolution, marking a key moment in Ripple’s regulatory journey. With this move, Ripple aligns itself with the SEC’s previous decision to also drop its part of the appeal, signaling mutual closure.

⚖️ Legal Wrap-Up and Financial Terms

Chief Legal Officer of Ripple, Stuart Alderoty, described the withdrawal as the “final crossing of t’s and dotting of i’s.” He referenced the SEC’s prior filing to dismiss the case, which effectively marked the conclusion of the formal process.

As part of the final resolution, Ripple will only be required to pay $50 million—less than half of the initially proposed $125 million fine. The penalty was linked to the June 2023 ruling by Judge Analisa Torres, which found Ripple guilty of selling XRP to institutional investors in violation of securities laws.

Following the verdict, Ripple contested the fine and placed the funds in an interest-bearing escrow account pending final legal procedures. Alderoty confirmed that the SEC will now request the court to formalize standard injunctions, subject to internal votes from the SEC’s commissioners before all legal paperwork is finalized.

📢 Industry Reactions and Investor Claims

The conclusion of the lawsuit has prompted various reactions across the crypto community. Valhalla Capital’s founder, Jimmy Vallee, is now pushing for a bold compensation claim of up to $500 billion on behalf of XRP holders—aimed at the SEC.

This claim, while ambitious, underlines the scale of frustration among long-time XRP investors and the wider implications of regulatory actions on the crypto space.

📈 XRP Price Movement and Market Outlook

In response to the latest developments, XRP’s price has recovered from its earlier losses, trading at $2.467 at press time. Just a week prior, news of the lawsuit’s conclusion drove a significant 15% price spike, lifting XRP to a recent high of $2.966.

Many market analysts interpret this legal victory as a key unlock for XRP’s next rally. With legal uncertainties now in the rearview mirror, bullish sentiment is returning, and expectations for a significant breakout are rising.

In addition, speculation is mounting around the potential launch of an XRP Exchange-Traded Fund (ETF). Now that regulatory risks have diminished, the odds of an ETF approval from the SEC may have improved, which could become a powerful price catalyst in the near term.

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