After a five-year legal battle, the U.S. Securities and Exchange Commission (SEC) and Ripple Labs have officially closed the book on their high-profile case. Both parties filed a joint motion to dismiss all appeals with the U.S. Court of Appeals for the Second Circuit (case numbers 24-2648(L) and 24-2705(XAP)), bringing the matter to a formal conclusion.
End of a Historic Case
This move marks the final chapter in a case that began in December 2020, when the SEC accused Ripple of illegally selling XRP as unregistered securities in violation of U.S. securities laws.
According to court documents, the two sides “reached an agreement in principle to resolve the underlying case, subject to Commission approval.” The motion included signatures from legal representatives for Ripple, Brad Garlinghouse, Chris Larsen, and the SEC, confirming that the parties consented to the joint dismissal.
The decision represents a symbolic and pivotal resolution to a case that had far-reaching implications for the cryptocurrency sector.
Ripple’s Court Win: XRP Not a Security on Secondary Markets
Back in 2023, Ripple had already secured a partial legal victory when a federal court ruled that XRP is not considered a security when traded on secondary markets. Now, with all appeals withdrawn, Ripple is entirely cleared of federal allegations related to the regulatory status of XRP.
Legal experts say this outcome will likely influence how other crypto tokens are assessed under U.S. securities law, providing much-needed clarity for projects operating in regulatory gray zones.
XRP After the Win: Price Surges, Investor Confidence Rebounds
The conclusion of Ripple’s battle with the SEC triggered a wave of positive sentiment in the market. Shortly after the announcement, XRP’s price soared above $3, signaling renewed investor optimism and market momentum.
According to data from Glassnode, more than 80% of XRP’s total supply is held in dormant wallets, meaning those addresses have seen no activity for over a year — a strong indicator of long-term conviction among holders.
While seasoned investors are now enjoying gains, short-term traders are cautiously increasing their positions, anticipating further price movement.
Japan Could Be the Next Growth Driver
Another promising development comes from Japan, where Aplus — a credit card issuer owned by Shinsei Bank — has partnered with SBI VC Trade.
Through this partnership, customers can convert loyalty points into XRP, Bitcoin, or Ethereum, giving XRP a growing role in the everyday financial ecosystem.
At the time of writing, XRP is trading around $3.27, and if the optimism seen on social media (especially on platform X) holds steady, new price highs could be on the horizon.
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