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XRP Skyrockets as Ripple Shakes Off Legal Woes—What’s Next for the Crypto Underdog?

XRP Skyrockets as Ripple Shakes Off Legal Woes—What’s Next for the Crypto Underdog?

Author:
CoinTurk
Published:
2025-08-08 03:42:44
14
2

Ripple’s courtroom saga finally crumbles—and XRP bulls are charging. After years of regulatory limbo, the SEC’s grip loosens, sending the token soaring 30% overnight. Traders pile in as institutional doors creak open.

### The Regulatory Domino Effect

No more 'security' shackles. Judges side with Ripple’s argument, setting a precedent that’s already rattling the SEC’s playbook. Suddenly, altcoins look less like piñatas for overzealous regulators.

### Liquidity Tsunami Ahead?

Expedited relistings on U.S. platforms flood the order books. ODL corridors hum as cross-border payments—Ripple’s bread and butter—get a credibility steroid. (Bankers still hate it, but now they’ll at least return its calls.)

### The Cynic’s Corner

Wall Street’s suddenly interested? Must be Tuesday. Same suits who called crypto a 'fraud' in 2022 now whispering 'strategic exposure'—just in time for their own tokenized debt offerings.

One verdict won’t rewrite crypto’s rules. But for XRP holders? Today’s not the day to sell the news.

$3 is refocusing on its business pursuits. The legal clash, involving Ripple, CEO Brad Garlinghouse, and co-founder Chris Larsen, saw the parties collectively rescind their appeals. This development led XRP to experience a significant price surge on Binance, reaching $3.38, the highest since July 23rd. The community had anticipated the SEC’s appeal withdrawal prior to its mid-August status report to the Second Circuit Court.

ContentsLegal Closure Between SEC and RippleXRP’s Movement and Attention on BlackRock

The legal proceedings officially concluded with both parties retracting their appeals. Ripple had previously abandoned its counter-appeal at the end of June. This decision followed Judge Analisa Torres’ rejection of a motion to amend the final ruling to align with settlement terms reached in March. Ripple agreed to a $125 million fine and committed to adhering to a regulatory order banning institutional XRP sales in the U.S.

The key parties in the case were the SEC, Ripple, and executives Brad Garlinghouse and Chris Larsen. Geographically, the proceedings took place under U.S. jurisdiction, notably within the Second Circuit Court of Appeals. The process accelerated as the status report date approached, gaining clarity once the appeals were jointly dismissed.

XRP’s Movement and Attention on BlackRock

XRP experienced a remarkable recovery, surging over 24% from a local low of $2.72 on August 3rd, capturing short-term momentum. This upswing was fueled by strong demand from South Korean investors focusing on altcoins. However, it’s widely acknowledged that price increases driven by news can quickly dissipate, leaving market behavior to determine if this instance will be different.

On the institutional front, eyes are turning towards the possibility of a spot XRP ETF. Market analyst Nate Geraci expressed belief that BlackRock awaited the SEC’s appeal withdrawal before submitting its application, expecting imminent action. Eric Balchunas, a leading ETF expert at Bloomberg, contends this view. While the anticipation for the world’s largest asset management firm to make a MOVE on an ETF is palpable, the scenario is not singularly reliant on one institutional action.

You can follow our news on Telegram, Facebook, Twitter & Coinmarketcap Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

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