The longstanding Ripple v. SEC case appears to be over, according to Ripple Labs CEO Brad Garlinghouse. After an appeal against the original 2023 ruling in Ripple’s favor proceeded at a slow pace, the legal battle has now concluded, as confirmed by Garlinghouse's March 19 announcement.
"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."
In the immediate aftermath of the announcement, XRP prices surged from $2.31 to $2.55. By March 20, the price had settled at $2.45, bringing year-to-date (YTD) returns to 15.61%.
Understandably, reactions from the cryptocurrency community have been overwhelmingly positive. With this landmark case concluded, let’s examine XRP's current performance and future prospects.
Can XRP’s Bullish Momentum Continue?
Despite a minor pullback, the token’s upward trajectory remains promising. While some analysts initially feared a prolonged legal battle could weigh on XRP prices, the SEC dropping its appeal may restore investor confidence and fuel further market growth.
Recent developments supporting XRP’s bullish outlook include:
- 7 million XRP addresses now active, signaling growing adoption.
- Whales absorbing additional supply from escrow releases, preventing downward pressure.
- AI predictions suggesting potential price targets of $3.16–$4.01 by April 1.
- Technical analysts projecting a conservative long-term target of $38.
Despite macroeconomic uncertainties, XRP has demonstrated resilience compared to peers, positioning it as a strong candidate for future upside movements.
A Final Note on the Ripple v. SEC Case
One lingering question remains: the SEC has not yet issued an official statement confirming the case’s dismissal. However, industry experts deem it highly unlikely that Garlinghouse—a seasoned executive with close ties to U.S. leadership—would make premature claims.
The most plausible scenario is that negotiations are finalizing details, particularly regarding Ripple’s $125M fine and institutional sales restrictions. As reported by Fox Business, legal teams may still be refining terms.
👉 Stay updated on cryptocurrency regulations as official SEC comments emerge for further clarity.
FAQs
1. What was the outcome of the Ripple v. SEC case?
The SEC dropped its appeal, effectively ending the lawsuit in Ripple’s favor—a significant win for the crypto industry.
2. How did XRP’s price react to the news?
XRP surged from $2.31 to $2.55 post-announcement, stabilizing at $2.45 shortly after.
3. Will XRP’s price continue rising?
Analysts remain optimistic, citing whale accumulation, AI forecasts, and technical patterns suggesting long-term growth.
4. Why hasn’t the SEC confirmed the case’s dismissal?
Legal fine-tuning may delay public statements, but industry insiders consider the resolution certain.
5. What does this mean for crypto regulation?
The SEC’s retreat signals a potential shift toward clearer, less adversarial policies for digital assets.
👉 Explore crypto market trends for deeper insights into XRP’s evolving landscape.
This landmark resolution not only benefits Ripple but also sets a precedent for regulatory clarity in the cryptocurrency space. Stakeholders should monitor official updates for final confirmation and further developments.