XRP News: Ripple Secures Major Victory in SEC Lawsuit, Boosting XRP Supporter Optimism

A significant turn of events in the long-running legal battle between Ripple and the US Securities and Exchange Commission (SEC) has sparked Optimism among XRP supporters.

Ripple Victory Generates Optimism Among XRP Supporters

After more than four years, the US Securities and Exchange Commission is discontinuing its proceedings against Ripple in the XRP lawsuit. CEO Brad Garlinghouse announced that the SEC will drop its appeal, generating waves of optimism among XRP supporters. Although attorney Jeremy Hogan noted that Ripple can still take a range of actions, the consensus among market participants is that this development is a massive victory for Ripple. Crypto analyst Dark Defender’s perspective on how high the XRP price can go remains to be seen.

Unpopular Opinion: Is It Actually Time to Short Ripple (XRP)?

Ripple CEO Brad Garlinghouse announced that the US SEC would drop its legal case against the company. Although this sounds like good news, some believe it could actually be a signal to short XRP due to the ’buy the rumor, sell the news’ effect. Ripple’s price has historically followed this pattern, with prices rallying on rumors and dropping after actual developments.

XRP Price Skyrockets as SEC Drops Case

In a huge win for the crypto world, the U.S. Securities and Exchange Commission has finally dropped its lawsuit against Ripple! This marks the end of a long battle and opens the door for big things ahead. The case had been going on since 2020, creating doubts about Ripple XRP’s future. After the news broke, the price jumped over 10%, showing strong investor confidence. The SEC had alleged that Ripple sold the coin without following the rules and called it an unregistered security worth $1.3 billion. However, in 2023, a judge ruled that the coin is not a security when traded on public exchanges.

Top Altcoins to Buy Following XRP’s Successful Lawsuit

The historic legal victory by Ripple against the SEC has sparked excitement in the crypto community, particularly with payment-oriented altcoins. Surprisingly, Ethereum and Cardano missed the list of top altcoins to buy following XRP’s victory. Instead, interest has shifted towards new tokens with practical, real-world utility, such as Remittix, which is gaining popularity due to its solid PayFi solutions.