After nearly five dramatic years in court, the Ripple vs. SEC lawsuit has finally reached its final chapter. In a joint move, Ripple and the U.S. Securities and Exchange Commission requested the New York court to release $125 million in escrow funds, marking the end of a long battle. Meanwhile, XRP is no longer considered a security in the secondary market, causing the price of XRP to surge, currently trading at around $2.15.

Joint Filing of Ripple and SEC

The incident began in December 2020 when the U.S. Securities and Exchange Commission first sued Ripple, alleging that the company raised $1.3 billion through the sale of unregistered XRP.

Currently, after many significant rulings and appeals, both Ripple and the SEC have reached a final agreement.

According to their joint filing, $50 million from the escrow account will be transferred to the SEC as a civil penalty, while Ripple will receive the remaining $75 million, subject to court approval.

In a letter to the court, the parties stated that this move would avoid further appeals and officially close this long-standing lawsuit.

This move follows the 2023 ruling by Judge Analisa Torres, which clarified that XRP is not a security when traded on the secondary market. That ruling provided Ripple and the cryptocurrency industry at large with a significant boost in credibility.

However, the court also noted that early sales of XRP to eligible institutional investors could be considered securities. Even Ripple's CEO, Brad Garlinghouse, praised the decision to withdraw the SEC's appeal, calling it a "landmark moment" for the entire industry.

XRP Price Remains Stable

After the news, XRP showed signs of recovery despite the market having recently declined. The token is currently trading at around $2.16, reflecting a 2.45% increase in the past 24 hours.

Meanwhile, experts see the main resistance threshold at $2.35, with the potential to rise to $2.44–$2.60 if the upward momentum builds. On the downside, the support level is near $2.05.