Ripple Wins Against SEC: What It Means for XRP and Crypto
The company Labs CEO Brad Garlinghouse has announced that one of the most notorious and longest-running legal battles in cryptocurrency, Ripple vs. SEC, has finally come to an end. In a post made on March 19 on X (formerly Twitter), he stated that the SEC has decided not to pursue the legal battle further and is accepting the ruling published in 2023. Specifically, he wrote:
This is it – the moment we’ve been waiting for. The SEC will drop its appeal – a resounding victory for Ripple, for crypto, every way you look at it. The future is bright. Let’s build.
Will XRP continue to grow?
The market immediately reacted to this announcement – the price of the XRP token jumped from $2.31 to $2.55, then stabilized at $2.45. Since the beginning of the year, the XRP token has increased by 15.61%.
Analysts believe that despite a minor correction after Brad Garlinghouse’s announcement, XRP has a good chance to continue its upward trend. This is mainly due to the fact that earlier fears of a long legal battle that were holding the price down have now faded, and investors are regaining confidence in the market.
The number of active XRP wallets has exceeded 7 million, which shows growing interest. Additionally, despite inflationary pressure caused by the planned release of tokens from the escrow system, “whales” have shown a willingness to absorb the additional supply, preventing a price decline. Technical analyst Gert van Lagen even predicts long-term growth with a price target of up to $38, which he described as “conservative.” Currently, XRP seems to be one of the strongest cryptocurrency players, especially considering its stability during the ongoing legal dispute.
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Conclusion of the Ripple vs. SEC case: Is it really over?
However, the U.S. Securities and Exchange Commission (SEC) has not officially confirmed that the case is definitively closed. Although several media outlets have reported this, the SEC has not commented publicly, so the case technically remains open.
Should XRP investors be worried? Probably not. Garlinghouse is an experienced figure and would hardly make such a statement without a solid basis. Moreover, it’s unlikely that he would try to pressure the regulatory body without justification. The most likely explanation is that an agreement between Ripple and the SEC has already been reached, and both sides are working out the final details. According to Fox Business journalist Eleanor Terrett, Ripple’s legal team is negotiating better terms related to the August court ruling, which imposed a $125 million fine and banned the company from selling XRP to institutional investors.
What’s next?
The SEC’s official statement will likely bring final confirmation, but it’s already clear that this case will influence future cryptocurrency regulation in the U.S. In the meantime, XRP continues to grow – not only in price, but also in investor confidence.
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