XRP Skyrockets 12% as SEC and Ripple Finally Bury the Legal Hatchet

Ripple's XRP just pulled off a victory lap—and the market's loving it. After years of regulatory limbo, the SEC's case officially collapses. Here's why traders are piling in.

The End of an Era (Or Just the Beginning?)

No more courtroom drama. No more 'security' vs. 'utility' debates—at least for now. The 12% price surge tells you everything: the crypto world hates uncertainty more than a banker hates volatility.

What’s Next for XRP?

With legal overhang gone, Ripple’s free to focus on what matters: adoption. Banks, remittances, maybe even a cheeky CBDC play. Meanwhile, Wall Street’s still trying to figure out if crypto’s a 'hedge' or just a headache.

One thing’s clear: when regulators blink, markets move. And this time, they’re moving fast—faster than a hedge fund exiting a sinking ETF.

From courtroom battle to final settlement

The SEC’s lawsuit, filed in December 2020, accused Ripple of raising $1.3 billion through unregistered securities sales of XRP. Ripple refuted the claims, claiming that XRP is not a security.

In July 2023, Judge Analisa Torres issued a split decision, holding that institutional sales satisfied the legal threshold under the Howey Test but programmatic sales to retail buyers were not securities. The decision was hailed as a partial win for Ripple and the crypto industry.

The case saw multiple appeals, settlement talks, and procedural setbacks before the joint dismissal. Ripple is not required to admit any wrongdoing as part of the resolution, and XRP’s classification for retail sales has not changed.

With similar enforcement retreats observed in cases against Coinbase and Kraken, the outcome is being seen as a regulatory milestone, reflecting a softer stance by the SEC under incoming chair Paul Atkins.

Following the news, XRP ROSE 12%, with 24-hour trading volume reaching $9.54 billion, up nearly 140% from the previous day, reflecting renewed market interest in the token.