Ripple Ends Legal War with SEC, XRP Poised for Rally

Ripple Labs has taken a pivotal step in its prolonged legal battle with the U.S. Securities and Exchange Commission (SEC) by deciding to drop its cross-appeal, signaling the possible end of a case that has loomed over the cryptocurrency industry since 2020. This move comes after both parties agreed to settle outstanding issues, with Ripple agreeing to pay a civil penalty of $125 million.

The case originally centered on whether Ripple’s XRP token constituted a security when sold to investors. In 2023, Ripple achieved a partial victory when a judge ruled that XRP did not qualify as a security when sold on public exchanges, although it did in institutional sales. However, the lingering possibility of further appeals by both Ripple and the SEC kept uncertainty hanging over the market.

Ripple’s decision to halt its cross-appeal has removed a major legal overhang, and industry watchers believe this could mark the beginning of regulatory clarity for XRP and possibly the broader crypto sector. With this development, analysts have turned bullish, predicting that XRP could break through key resistance levels and rally toward $3 or even $5 if momentum continues.

This announcement sent shockwaves through the market, causing a noticeable uptick in XRP’s trading volume and price. The sentiment was also reflected in social media trends and crypto forums, where optimism surged about Ripple's long-term future.

The settlement figure, while significant, is seen as manageable for Ripple, especially considering its continued business growth overseas and its focus on cross-border payments. The company has been actively expanding into markets in Asia and the Middle East, regions that have been more welcoming to blockchain innovation.

Market analysts suggest that this could be a watershed moment for crypto regulation in the United States. If Ripple, one of the most scrutinized companies in the sector, can reach a settlement and move forward, it may encourage other projects to seek compliance routes rather than litigation.

In conclusion, this decision by Ripple to end its legal fight could not only boost XRP’s valuation but also positively influence broader crypto sentiment as regulatory pressure persists across the industry.

🔗 Source: BiteMyCoin – Full Story