The price of XRP has suddenly spiked by almost 15% within the last hour. This comes following an announcement by Ripple CEO, Brad Garlinghouse, that the long-running court battle between the blockchain company and the Securities and Exchange Commission (SEC) has finally ended.
Garlinghouse’s announcement immediately sent a wave of excitement across the XRP community as its members began to extend congratulatory messages to Ripple. The lawsuit between Ripple and the SEC was one of the most defining cases in crypto history.
Following an allegation by the SEC under Gensler, the Commission filed the lawsuit, accusing Ripple of offering unregistered securities in XRP to investors. However, during the course of the battle, the court clarified XRP’s status, asserting that XRP in itself is not a security, but that Ripple’s offer of XRP to institutional investors constituted an investment contract.
Also Read: Ripple’s Next Move After SEC Battle Will Shock the Crypto World – Are You Ready?
The double-faced court ruling led to an appeal by the SEC, challenging the programmatic sales of the coin to retail investors. The next court date would have been April 16, when Ripple was expected to submit its opening brief, however, this landmark victory now puts an end to the entire case.
This is it – the moment we’ve been waiting for. The SEC will drop its appeal – a resounding victory for Ripple, for crypto, every way you look at it.
The future is bright. Let’s build. pic.twitter.com/7WsD0C92Cm
— Brad Garlinghouse (@bgarlinghouse) March 19, 2025
XRP Price Reacts
Following the announcement, daily on-chain metrics for XRP experienced a sudden increase. According to data from Coinmarketcap, XRP has regained the #3 spot on the global crypto market chart and is currently trading at $2.55, representing a 14.03% increase in the last 24 hours.
What is more, its market cap surged by 14% to reach $148.6 billion, while its one-day trading volume skyrocketed by 77% to reach $6.3 billion. With this new rally, experts are now predicting new possible levels for XRP.
Some have forecasted a short-term $10 target, while others have given more bold predictions for $30. While investor sentiment has gone off the roof, it is important to remember that XRP, like other cryptocurrencies, is also affected by factors beyond hype, including economic and other systematic risks.
What Next For Ripple and XRP?
While the court battle has ended, investors and market observers are now wondering what is next for Ripple and XRP. With concrete regulatory clarity, Ripple is now free to expand its business, and attract new investors who were previously skeptic about the asset as a result of the regulatory cloud that covered it.
In a previous post, 36crypto reported some major updates that might unfold following Ripple’s victory. As per the post, Ripple might finally decide to go forward as a public company, organizing its first initial public offering (IPO).
Also, with legal clarity, Ripple can now extend its services to banks and other financial institutions. All Things XRP, a prominent pundit, highlighted on X earlier today that Bank of America, American Express, and Santander may collaborate with RippleNet.
Another potential outcome will be a possible approval of an XRP exchange-traded fund (ETF). Over the last few months, more than six XRP ETF filings have been submitted to the SEC. The new regulatory clarity might open the door for other giants including BlackRock to join the race for an ETF approval.
Final Thought
Ripple’s decisive legal victory against the SEC marks a historic moment for both XRP and the broader crypto industry, clearing a major regulatory hurdle that has long weighed on the asset.
The immediate 15% price surge reflects renewed investor confidence, with bullish predictions eyeing significantly higher valuations, though external market forces remain key factors.
With newfound clarity, Ripple is now positioned for strategic expansion, potential institutional partnerships, and possibly even an XRP ETF, signaling a transformative phase for the company and its token.
Also Read: Ripple (XRP) Might Reach a Turning Point Soon, Here is Why
