Legal Victory for Ripple: XRP Soars as Battle with the SEC Comes to an End 🎉
After nearly 5 years of legal battles, Ripple has officially ended its lawsuit with the SEC! Both parties are withdrawing their appeals, thus closing this regulatory chapter that began in 2020.
The key victory? Programmatic sales of XRP (via exchanges) are NOT securities - a huge win for crypto markets. Although Ripple still faces a $125 million fine for institutional sales, the price of XRP is reacting positively, rising from around $2.09 to $2.19 in the last 24 hours.
Throughout the litigation, Ripple never stopped building:
- Partnership with Wormhole for cross-chain transfers
- Launch of a compliant DEX feature
- Integration of USDC and expansion into RWA
The $XRP at $5? To the moon as they say, technical analysts are optimistic, surpassing the resistance level of $2.65, XRP could soar and even reach more than $5. With the dissipating legal clouds, Ripple can now fully focus on building its vision of a "value internet."