Ripple CTO Celebrates End of SEC Lawsuit with Monty Python Quote

Ripple CTO David Schwartz reacts to SEC's post-lawsuit statements with a quote from a British comedy sketch. The legal battle is finally over, but the XRP price is having a not-so-super day, plunging by 4%. SEC officials can now focus on creating proper regulation for XRP. Despite the optimistic comments, the price is underperforming the rest of the major altcoins. XRP is currently trading at $3.15.

The legal battle between Ripple Labs and the U.S. Securities and Exchange Commission (SEC) has finally come to an end, with both parties jointly dismissing appeals in the XRP case. This development has brought a significant sense of relief to the XRP community, but it has not translated into a sustained price boost for XRP. The cryptocurrency has seen a notable drop in price, falling by 4% to $3.15, despite the positive regulatory clarity.

Ripple CTO David Schwartz reacted to the post-lawsuit statements with a quote from a British comedy sketch, highlighting the lighter side of the situation. He stated, "We are not only on the right side of the law, but we will be on the right side of history." This sentiment has been echoed by members of the XRP Army, who have long believed in the token's legitimacy and have been actively supporting Ripple's legal battle.

The price drop can be attributed to several factors. Firstly, the XRP price was already on a downward trend before the SEC settlement, with the token facing heavy selling pressure during the late trading session on August 12. Secondly, the release of 1 billion XRP from escrow by Ripple has sparked fears of a potential sell-off, as some community members suspect that Ripple is manipulating the escrow release schedule. Despite Ripple executives clarifying that the release follows a monthly schedule, the uncertainty surrounding the escrow system has contributed to the price volatility.

Furthermore, the broader crypto market sentiment remains tied to macroeconomic factors, including ongoing international trade disputes and shifting monetary policy expectations. These external factors have been influencing the price action of major altcoins, including XRP. While the regulatory clarity provided by the SEC settlement has given XRP relative insulation compared to its peers, it has not been enough to drive a significant price increase.

Looking ahead, the XRP price may face further challenges as the community continues to grapple with concerns over the escrow system. Analysts suggest that the token could be poised for a breakout on the higher timeframe, but the immediate support at $3.1061 may fail to hold, leading to a potential downtrend of another 5% to 7% before a possible turnaround. The Relative Strength Index (RSI) indicator is also dropping, indicating falling momentum.

In conclusion, while the legal battle between Ripple and the SEC has finally come to an end, the XRP price remains under pressure due to concerns over the escrow system and broader market sentiment. As the crypto industry continues to navigate regulatory uncertainty, it remains to be seen how the XRP price will evolve in the coming months.

References:
[1] https://finance.yahoo.com/news/xrp-army-celebrates-being-side-161935204.html
[2] https://www.coindesk.com/markets/2025/08/12/ripple-sec-rally-cools-as-xrp-drops-2-on-heavy-profit-taking
[3] https://beincrypto.com/ripple-xrp-escrow-unlock-price-impact/