XRP News Today: Ripple Settles with SEC for $50 Million XRP Price Jumps 5%

Ripple Labs has officially ended its legal battle with the U.S. Securities and Exchange Commission (SEC), settling for $50 million and lifting restrictions on XRP sales. This resolution has sparked discussions about the potential launch of a spot XRP exchange-traded fund (ETF) as early as July 2024. The settlement, significantly lower than the previously proposed $125 million, marks the end of a major chapter in crypto history and clears the way for expanded business opportunities for Ripple.

With the legal dispute resolved, XRP now enjoys full regulatory clarity, a status no other major crypto token currently possesses. This clarity has fueled excitement within the XRP community, with AI analyst AIXBT predicting that ETF filings for XRP could begin as soon as July. The end of the legal fight has also set the stage for asset managers like BlackRock to potentially enter the XRP market, according to ETF Store President Nate Geraci.

Ripple CEO Brad Garlinghouse confirmed the end of the legal saga, stating, "We are fully closing this chapter." Following his comments, XRP saw a nearly 5% price jump, reflecting heightened investor optimism. However, AIXBT issued a word of caution, warning that traders may be getting too comfortable with long positions, hinting at possible near-term volatility. Despite this, the AI remains optimistic about XRP's longer-term prospects.

As July 2024 approaches, investor attention is focused on the possibility of an XRP-backed spot ETF. Should BlackRock's potential ETF application come to fruition, XRP may transition from being a symbol of regulatory uncertainty to a new focal point for investors. Analysts predict that XRP could surge past $3–$5 in 2025 as bullish sentiment, ETF momentum, and July's Buck Moon align. This could be the breakout of the year for XRP.

XRP investors are awaiting the SEC's decision, with a favorable outcome potentially driving bullish price action and ETF speculation. The first catalyst for XRP's future growth is the probable launch of new spot XRP exchange-traded funds (ETFs), which many expect will be approved by regulators in fourth-quarter 2025. The resolution of the legal battle has removed one of the biggest hurdles standing in XRP’s path, increasing hopes that the SEC will fully close the case and pave the way for a spot XRP ETF.