XRP News Today: Ripple and SEC End Legal Battle XRP Surges Over 13%

Ripple Labs and the U.S. Securities and Exchange Commission (SEC) have officially concluded their nearly five-year legal dispute by jointly filing a Stipulation of Dismissal with the Second Circuit Court of Appeals. This action brings closure to one of the most protracted legal battles in the cryptocurrency space [1]. The dismissal confirms the 2023 ruling by Judge Analisa Torres, which determined that XRP sales on public exchanges do not constitute securities, while those to institutional investors did [1]. As part of the settlement, Ripple agreed to pay a $125 million penalty and faces an injunction. With both parties withdrawing their appeals, the matter is now resolved.

The resolution has triggered a strong positive reaction from the XRP community and market participants. In the hours following the announcement, XRP surged by between 5% and over 13%, reaching a high of $3.36. This market response reflects the optimism surrounding the long-awaited legal clarity [1]. XRP holders have expressed their excitement through social media, using phrases such as “to the moon,” “the end… and now back to business,” and “the case is over.” Ripple’s Chief Legal Officer, Stuart Alderoty, captured the sentiment with a tweet: “The end … and now back to business.”

The legal settlement removes a major cloud over Ripple and XRP, potentially facilitating the development of XRP-based financial products, including spot ETFs. It also establishes a legal precedent that could influence future regulatory decisions regarding digital assets [1]. Analysts suggest that the resolution is a significant win for the broader crypto industry, signaling a shift toward regulatory clarity and possibly encouraging institutional adoption of XRP.

From a technical perspective, XRP appears to be following a chart pattern reminiscent of its 2024 movement—initial weakness followed by a sharp breakout. According to crypto market analyst Degen Profit, if XRP can maintain support above $2.95, it could see a 156% rally, potentially reaching $7 [1]. The token is currently trading at $3.33, having recently broken key resistance levels in the $2.97–$3.10 range. A bullish flag pattern, along with price action crossing back above the 20- and 50-period exponential moving averages (EMAs), supports a potential upward movement [1].

Technical indicators also suggest a breakout is becoming increasingly plausible. Price action is contained within a symmetrical triangle, testing the upper trendline, while Bollinger Bands are expanding and momentum readings remain bullish [1]. These signals align with the market’s growing confidence in XRP’s potential following the legal resolution.

The XRP Army, a dedicated community of supporters, has expressed renewed optimism about the token’s future. Many view the SEC settlement as a validation of XRP’s utility and a catalyst for broader adoption. If market conditions remain favorable and XRP continues to consolidate above critical support and resistance levels, the path to $7 appears more likely than ever [1]. As the dust settles on this legal chapter, attention now turns to how XRP will perform in the evolving crypto landscape.

Source:

[1] XRP Gears up for $7 Take Off as Ripple and SEC Call It Quits – XRP Army Over the Moon (https://coinpaper.com/10419/xrp-gears-up-for-7-take-off-as-ripple-and-sec-call-it-quits-xrp-army-over-the-moon)