- XRP price surged by 9.26% after Ripple’s legal victory.
- Social volume explodes as XRP sees increased market attention.
- RSI indicates further potential movement for XRP in the near term
Ripple CEO Brad Garlinghouse declared that the long-standing lawsuit between Ripple and the U.S. Securities and Exchange Commission (SEC) is officially over, calling the conclusion a “resounding victory.” This legal battle, which began in December 2020, has been one of the most pivotal cases in the history of cryptocurrency regulation.
The SEC initially accused Ripple of raising $1.3 billion through the unregistered sale of XRP, a move that classified the token as a security. The latest development signals a significant shift in the regulatory landscape for the crypto industry, with the SEC dropping its appeal, effectively ending the case.
Legal Victory and What It Means for Ripple
Garlinghouse took to social media to announce the end of the lawsuit, calling the case a “resounding victory” for both Ripple and the broader crypto community. He stressed that the SEC’s decision to drop the appeal was a win for the entire industry. “This is the moment we’ve been waiting for,” Garlinghouse wrote on X.
He reflected on the journey, stating that the case was “doomed from the start” and that Ripple had triumphed on all critical legal points. The case’s conclusion has fueled speculation about Ripple’s next steps, including potentially launching an XRP-based exchange-traded fund (ETF).]
The XRP price chart shows a strong upward movement today, March 19, 2025. XRP has surged by 9.26%, closing at $2.50. The volume for XRP stands at 18.91 million, which reflects heightened market activity and investor interest. This upward movement follows a period of consolidation, with the price briefly dipping before rising again.
Source: TradingView
The Relative Strength Index (RSI) stands at 46.75, indicating that XRP is not in overbought or oversold conditions, allowing room for further growth. This momentum suggests that XRP could see additional gains if the current trend continues. The market is responding positively to the recent news and developments, contributing to the bullish sentiment. With the RSI still below the overbought level of 70, XRP has the potential for more price movement in the near term.
Ali Martinez noted the sharp rise in social volume, which underscores the heightened interest in XRP, especially following the recent pump. According to our recent analysis, XRP has been holding steady above the critical $2.30 support level. A crypto analyst recently noted that the chart “looks solid to surge towards $3” and that a breakout is likely soon.
Shift in SEC’s Approach to Crypto Regulation
The decision to drop the appeal marks a significant change in the SEC’s approach toward cryptocurrency regulation. In 2023, U.S. District Judge Analisa Torres ruled that XRP sales to institutional investors violated securities laws, while programmatic sales to retail investors did not. The SEC had appealed this decision, but with the latest move, the agency’s stance appears to be softening.
This shift follows recent regulatory changes under Acting SEC Chairman Mark Uyeda, who has withdrawn from multiple crypto enforcement cases, including those targeting major companies like Coinbase and Kraken. Additionally, we recently reported that Garlinghouse’s political efforts, such as his meetings with former President Donald Trump, may have influenced this outcome, as suggested by some legal experts.
Ripple’s victory has also fueled optimism for the future of crypto regulation in the U.S. Garlinghouse highlighted the need for industry unity and called for a rational and constructive path forward. He stressed that this victory should encourage other crypto firms to stand firm against overreaching regulations.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. CoinCryptoNewz is not responsible for any losses incurred. Readers should do their own research before making financial decisions.
