The debate between Ripple and the U.S. Securities and Exchange Commission (SEC) has ended in a cross-appeal that may result in a 3% price increase in XRP. CEO Brad Garlinghouse’s announcement indicates that Ripple is willing to leave a four-year legal battle that started in December 2020.
Garlinghouse signals new focus.
During a recent webcast, Garlinghouse stated that Ripple will not appeal the rest of its case with the SEC. “The law has spoken clearly,” he noted. It’s time to move forward.” The market received this. XRP surged past $0.48 to over $0.495 as investors hope for returns despite broader market stagnation.
SEC case recap and strategic shift
The SEC had claimed that Ripple offered XRP as an unregistered security. A partial court ruling of 2023 explained that XRP is not a security on secondary markets, although some institutional sales do qualify. Ripple’s withdrawal from court battles is a sign that it is taking the lead toward cost-saving and long-term expansion.
Ripple is also not looking to win more cases but to build business. The analysts believe that the decision will help Ripple shift its resources into growth, particularly in crypto-friendly jurisdictions.
Technical trends and global push
Since the announcement, XRP has been demonstrating a bullish trend. The volume increased sharply on big exchanges such as Binance and Coinbase. The RSI indicators are very vigorous, and the token is above its 50-day moving average. Finally, futures trading reports that there is growing confidence.
Ripple is going international. Therefore, it has secured licences in Singapore, Dubai, and Ireland to expand the use of RippleNet and On-Demand Liquidity (ODL). It also intends to foster the usage of tokenization of the XRP Ledger.
What lies ahead
Another indicator is an increase in investor mood, evidenced by bullish talking points and whale activity. With more than 70 countries in its system, Ripple has a clearer vision of extending its collaboration with banks and other organizations. Although XRP has short-term resistance at 0.52, it can have momentum that drives it to 0.60.
However, Ripple’s legal shift, while not complete, provides it with significant certainty. Such transparency is what XRP might require to grow stronger and sustainably.
