XRP News: Ripple’s SEC Lawsuit Ends After Four Years, Paving the Way for Future Growth

After a prolonged legal battle, Ripple has finally secured a victory as the SEC withdraws its lawsuit, clearing the path for the cryptocurrency to trade and innovate freely.

Ripple’s SEC Lawsuit Ends After Four Years

Brad Garlinghouse, co-founder of Ripple, announced that the US Securities and Exchange Commission (SEC) has withdrawn its lawsuit against Ripple and XRP. The case, which dragged on for four years, has finally closed, allowing Ripple and XRP to trade and innovate freely. Despite multiple expectations of the lawsuit’s end, it finally came to a resolution, making Ripple the last big lawsuit to await dismissal, while the SEC stopped its proceedings against Coinbase, Kraken, and OpenSea.

XRP Bulls Face Critical Test at $2.40 Resistance Level

XRP is trading at a crucial level, potentially setting up for a major breakout. The altcoin has been a top performer since November 2024, maintaining strength despite market uncertainty. On-chain data from Glassnode shows $2.40 as the most critical resistance for XRP. A decisive breakout above this level could trigger a strong rally, pushing XRP toward new highs.

SEC Ends Legal Battle with Ripple in XRP Case

The U.S. Securities and Exchange Commission (SEC) has officially ended its legal proceedings against Ripple, concluding a four-year court battle over XRP’s classification. Industry criticism of the SEC’s enforcement-driven approach to regulating crypto has intensified as a result of the case. XRP’s price surged after the announcement, pushing it higher in the market rankings. The move was triggered by fresh pressure on Congress to define the SEC’s role in regulating digital assets.

Ripple (XRP) Skyrockets as SEC Drops Appeal

Ripple (XRP) has jumped by 13% in the past 24 hours, reaching $2.54, as the SEC drops its appeal in its case against Ripple. The long-running legal battle between the SEC and Ripple is now over. In the past week, XRP is up by 14%, although it has declined by 6% in the past month. With nine XRP ETFs still awaiting potential approval later this year, the long-term outlook for XRP is very positive. Ripple CEO Brad Garlinghouse announced the SEC’s decision to drop the appeal.