XRP News: Ripple’s Legal Victory Fails to Spark Significant XRP Price Rally

Ripple’s legal win fails to ignite XRP rally

Despite Ripple [XRP] recently securing a favorable development in its long-standing battle with the U.S. Securities and Exchange Commission [SEC], the market’s response has been relatively muted. While the win injected temporary optimism, XRP’s price performance and address activity suggest a more tempered reaction. Following the positive SEC-related news, XRP briefly climbed to $2.43, but has since stabilized around the $2.38 mark. On the 12-hour chart, the asset remained just above the 50-day Moving Average [at $2.33], yet was still trading below the 200-day Moving Average. XRP Ledger addresses hit 6.7M, reflecting long-term interest but no major short-term surge.

SEC Drops Lawsuit Against Ripple, XRP Surges

Ripple has won a significant legal battle against the U.S. Securities and Exchange Commission (SEC). The SEC had accused Ripple of selling XRP as an illegal security, but after four years in court and $150 million in legal costs, the case is officially closed. In 2023, a judge ruled that XRP isn’t a security when traded on public exchanges, weakening the SEC’s case. Now, the charges against Ripple’s executives, Brad Garlinghouse and Stuart Alderoty, have also been dropped. On March 19, Ripple CEO Brad Garlinghouse announced that the SEC had officially withdrawn its lawsuit against Ripple, marking the end of a legal battle that lasted several years.

XRP Set For Big Rally – Analyst Predicts Double-Digit Prices This Year

A well-known market analyst, Vandell Aljarrah of Black Swan Capitalist, believes investors are giving up on XRP too soon despite predicting a significant price rise in 2025. Aljarrah urged investors to stay strong amid the ongoing pressure to sell XRP, which is currently trading below $2.50. He is optimistic about the altcoin’s growth potential, stating that it could reach double-digit prices before the end of the year. This Optimism stems partly from the impending resolution of the legal battle between Ripple and the SEC.

Ripple Co-Founder to Fund Commercial Space Station with XRP Sales

Ripple co-founder Max Haot has invested his gains from XRP sales into Vast Space, a space exploration startup aiming to launch Haven-1, the world’s first commercial space station, by 2026. The focus of Haven-1 is on productivity, crew cohesion, and mission success, rather than being a luxury concept for tourists. The station is designed to support sovereign astronauts and privately funded individuals in achieving meaningful goals in orbit.