XRP News: SEC Drops Appeal Against Ripple, XRP Price Surges Temporarily

In a significant turn of events for the cryptocurrency world, the U.S. Securities and Exchange Commission (SEC) has officially withdrawn its appeal in its ongoing legal dispute with Ripple Labs. This decision has had a notable impact on the price of Ripple’s native token, XRP.

XRP Price Prediction For March 20 & SEC Appeal Dropped

In a major development for Ripple and its token XRP, the U.S. Securities and Exchange Commission (SEC) has officially dropped its appeal in the ongoing legal battle with Ripple Labs. CEO Brad Garlinghouse confirmed the news and celebrated the decision, marking a key victory for Ripple. Following the announcement, XRP saw a price surge, gaining more than 10% and peaking at $2.57. However, the excitement was short-lived, with the price now stabilizing at $2.47 as the market adjusts. According to analyst Josh of Crypto World, as of now, XRP continues to experience a larger bearish divergence on the 3-day time frame.

Ripple News: Brad Garlinghouse Hints at Reduced XRP Sales

After years of legal battles and price suppression, the SEC has officially dropped its case against Ripple. Ripple CEO Brad Garlinghouse hinted in an interview with Bloomberg that the company might cut back on XRP sales in the future. This comes as Ripple is gaining momentum and shaking off legal hurdles.

XRP Lawsuit: Ripple Case Considered Over for These Reasons

The U.S. Securities and Exchange Commission (SEC) has been scaling back the past administration’s aggressive crypto enforcement, signaling a major shift under the new administration. Since President Donald Trump took office last month, the agency has dismissed several high-profile lawsuits and abandoned investigations that once loomed over the industry. Among the most notable reversals, the SEC has dropped its lawsuit against Coinbase and Robinhood’s crypto division is no longer under scrutiny. Additionally, the SEC has dismissed its case against Consensys and withdrawn its investigation into Gemini, reinforcing the broader retreat from crypto enforcement. Specifically, the lawyer mentions that the XRP lawsuit against Ripple has been effectively over due to these broader changes in the regulatory landscape.

XRP Price Prediction: Possibility of Reaching $10 after FOMC Meeting

XRP has remained a key player in the crypto market despite volatility and regulatory challenges. Analysts speculate whether XRP could reach $10, a highly anticipated mark. Technical indicators and market trends suggest such a surge might not be out of reach, especially with the FOMC meeting which could boost positive trends. Several key factors could influence XRP’s potential surge to $10, including institutional adoption market demand and Ripple’s technology.