XRP News: Ripple CEO Claims SEC Will Drop Lawsuit Appeal, Boosting XRP Price

In a recent video announcement, Ripple CEO Brad Garlinghouse claimed that the SEC will drop its appeal in the ongoing lawsuit against the cryptocurrency firm. This development has led to a significant increase in the price of XRP, the native cryptocurrency of Ripple.

Ripple CEO Claims SEC Will Drop Lawsuit Appeal

Ripple CEO Brad Garlinghouse announced in a video that the SEC will drop its appeal in the lawsuit it has been pursuing against the firm for the past four years. Garlinghouse stated, "I’m finally able to announce that this case has ended. It’s over." Although the SEC has not yet made an official announcement, XRP’s price climbed 12% shortly after Garlinghouse’s announcement. This is a breaking news story and will be updated.

Breaking: Ripple Wins as SEC Drops Case, XRP Skyrockets by 14%

Ripple has achieved a decisive win in its prolonged battle with the U.S. Securities and Exchange Commission (SEC). The case, which centered around whether XRP was a security, has been resolved with the SEC dropping its appeal. In July 2023, a court ruled that XRP, when sold to retail investors on public exchanges, was not a security. This marks a resounding victory for Ripple and the cryptocurrency industry. The price of XRP surged, breaking key resistance levels, following the news. Brad Garlinghouse, Ripple’s CEO, celebrated the moment as a turning point for digital assets.

Ripple SEC Legal Battle Ends, XRP Surges

The long-running legal battle between the U.S. Securities and Exchange Commission (SEC) and Ripple has officially ended. The SEC has withdrawn its appeal, marking a major victory for Ripple and the broader cryptocurrency industry. This decision has caused XRP’s price to surge by more than 15%, hitting a high of $2.56 and potentially eyeing the $3 mark. Experts predict that XRP could follow a five-wave pattern, reaching between $7 and $12 initially, and possibly as high as $20 to $40 in the future.

XRP Surges 10% as Ripple Claims Decisive Win Over SEC Regulations

Ripple has secured a decisive victory in its long-running legal battle with the US Securities and Exchange Commission (SEC). On March 19, Ripple CEO Brad Garlinghouse confirmed that the regulator had dropped its appeal against the blockchain company. Garlinghouse celebrated the moment by emphasizing that the case had proven Ripple operated within legal boundaries, reinforcing the legitimacy of digital assets. Ripple’s Chief Legal Officer, Stuart Alderoty, echoed this sentiment.