Ripple Drops Appeal, XRP Surges 2.45% as Legal Battle Ends

XRP's latest price was $2.18, up 2.454% in the last 24 hours. This price increase comes as a result of recent legal developments involving Ripple, the company behind XRP. Ripple CEO Brad Garlinghouse announced the end of the legal battles with the SEC, marking a significant victory for the company. This decision to drop the cross-appeal concludes a long-standing legal dispute that has had a profound impact on Ripple and its flagship digital asset, XRP. The SEC is also expected to drop their appeal, effectively ending the legal struggle that has plagued Ripple for years. This announcement brings relief to many in the cryptocurrency space, particularly Ripple investors and the broader XRP community. The legal battle, which centered around whether XRP was a security, had significantly affected Ripple’s operations and the value of XRP itself. The conclusion of this case marks a pivotal moment, allowing Ripple to focus on its growth and the development of its innovative blockchain technology.

Ripple’s victory is seen as a landmark moment in the broader cryptocurrency industry, with the case serving as a precedent for how the U.S. legal system handles the classification of digital assets. The end of the legal battles removes a major regulatory obstacle, opening the door for Ripple to continue expanding its services worldwide. With the legal uncertainty resolved, XRP is expected to regain momentum in the market. The prolonged uncertainty surrounding its legal status had caused fluctuations in its value, but now, with the clarity that the case has concluded, many believe XRP can finally flourish. The decision to drop the appeal on both sides reflects a mutual desire to close this chapter and move forward. Ripple can now focus on the development and scaling of its blockchain technology, which has already seen widespread use in cross-border payments and remittances.

For Ripple, this victory also holds broader implications for its ongoing efforts to collaborate with financial institutions and expand its global reach. The company’s legal team can now turn its attention to other initiatives without the constant pressure of regulatory scrutiny hanging over them. The conclusion of the case will likely lead to increased confidence among investors, users, and partners, which could help Ripple build new partnerships and drive further innovation in the blockchain space. The legal battle with the SEC has been a focal point in discussions about how cryptocurrencies should be classified and regulated. The outcome could set precedents for how other blockchain technologies and digital assets are viewed by regulatory bodies in the United States and possibly globally. Investors and entrepreneurs in the blockchain, DeFi, and broader crypto sectors are keenly watching the outcomes to better predict future regulatory climates and adjust their strategies accordingly.

In a notable development within the cryptocurrency sector, Ripple Labs CEO Brad Garlinghouse announced the decision to drop the cross-appeal against the U.S. Securities and Exchange Commission (SEC). This strategic move marks a significant moment in the ongoing legal standoff that has captured the attention of the blockchain community and investors globally. Ripple Labs has been embroiled in an intense legal battle with the SEC since December 2020, when the commission alleged that the company and its executives had conducted an illegal securities offering through their XRP sales. The decision to drop the cross-appeal follows closely on the heels of a recent ruling on November 27 wherein Judge Torres of the U.S. District Court laid down various verdicts favorable to Ripple. Garlinghouse’s decision to withdraw the cross-appeal is seen as a move to solidify the victories achieved so far without prolonging the legal proceedings unnecessarily.

Ripple has officially dropped its appeal in the long-running lawsuit with the U.S. Securities and Exchange Commission (SEC), signaling a decisive end to one of crypto’s most high-profile regulatory disputes. The SEC is widely expected to withdraw its appeal as well, allowing Judge Analisa Torres’ landmark rulings from 2023 to stand unchallenged. In her final judgment, Judge Torres maintained that Ripple’s institutional XRP sales violated securities laws but confirmed that exchange-based sales did not. Ripple CEO Brad Garlinghouse wrote on X: “We’re closing this chapter once and for all.” Legal experts, including Bill Morgan, hailed the moment as a victory for common sense and the broader crypto market. Although Ripple and the SEC proposed reducing the penalty from $125 million to $50 million and lifting a permanent injunction, the judge rejected these changes. With the appeals now abandoned, the $125 million fine remains, and Ripple is permanently barred from future unregistered institutional XRP sales.

Key Legal Outcomes: XRP ruled not a security in public exchange sales, Institutional sales remain restricted, $125M civil penalty confirmed, Ripple can now focus on growth and partnerships. The resolution has lifted sentiment in the XRP community, with traders bidding the token higher by 4.4% in the past 24 hours to $2.19. Ripple’s legal chief Stuart Alderoty confirmed that XRP’s classification remains unchanged, which reinforces the asset’s utility in institutional finance and cross-border payments. This legal clarity provides Ripple with the opportunity to expand strategic use cases for XRP, particularly in tokenized finance and enterprise payments. Analysts believe this finality could reignite institutional interest, especially as spot ETF conversations around XRP continue in parallel. The unfolding of these events will undoubtedly provide crucial insights into the evolving landscape of crypto regulation.