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Reading: XRP Soars to 2.56 After SEC Withdraws Ripple Lawsuit
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Deythere > News > Market > XRP Soars to 2.56 After SEC Withdraws Ripple Lawsuit
MarketCryptoNews

XRP Soars to 2.56 After SEC Withdraws Ripple Lawsuit

XRP price
Jonathan Swift
Last updated: March 20, 2025 7:54 am
By
Jonathan Swift
Published March 20, 2025
5 Min Read
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​The cryptocurrency landscape experienced a seismic shift as the U.S. Securities and Exchange Commission (SEC) officially dropped its lawsuit against Ripple Labs, the company behind the XRP token. This unexpected turn of events has sent ripples through the crypto community, leading to a significant surge in XRP’s price and sparking discussions about the future of cryptocurrency regulations.​

Contents
The SEC vs. Ripple: A Brief OverviewXRP Price Surge: By the NumbersBroader Market ImplicationsIndustry Reactions: A New Dawn for Crypto Regulation?FAQsGlossary of Key TermsSources

The SEC vs. Ripple: A Brief Overview

In December 2020, the SEC filed a lawsuit against Ripple Labs and its executives, alleging that the company’s sale of XRP constituted an unregistered securities offering. This legal action cast a shadow over XRP, leading to delistings from major exchanges and a decline in its market value. However, after more than four years of legal battles, Ripple’s CEO, Brad Garlinghouse, announced that the SEC has decided to drop its case. In a video posted on social media, Garlinghouse stated,

“I’m finally able to announce that this case has ended—it’s over.”

Ripple Lawsuit

XRP Price Surge: By the Numbers

The news of the lawsuit’s dismissal acted as a catalyst for XRP’s price, propelling it to new heights. Here’s a snapshot of XRP’s price movement following the announcement:​

DateOpening PriceClosing PricePercentage Change
March 19, 2025$2.24$2.54+13.39%
March 20, 2025$2.54$2.46-3.15%

Data sourced from CoinMarketCap.

This surge underscores the market’s positive reception to regulatory clarity surrounding XRP. ​

Broader Market Implications

XRP’s rally had a domino effect on the broader cryptocurrency market. Bitcoin (BTC), the flagship cryptocurrency, experienced a 2.2% increase, reaching $84,096, while Ethereum (ETH) saw a 6.6% rise, trading at $2,031. These movements highlight the interconnected nature of the crypto market, where significant events concerning one asset can influence others. ​

The SEC vs. Ripple

Industry Reactions: A New Dawn for Crypto Regulation?

The conclusion of the SEC’s lawsuit against Ripple is being hailed as a landmark moment for the crypto industry. Many see it as a potential shift towards more favorable regulatory treatment of digital assets. Garlinghouse emphasized this sentiment:

“Today is a victory and a long-overdue surrender by the SEC.”

This development may pave the way for clearer guidelines and a more supportive environment for cryptocurrency innovation. ​

In conclusion, the SEC’s decision to drop its lawsuit against Ripple Labs marks a pivotal moment in the cryptocurrency industry’s evolution. The subsequent surge in XRP’s price reflects renewed investor confidence and may signal a shift towards more supportive regulatory frameworks for digital assets in the future.

FAQs

Why did the SEC sue Ripple Labs?

The SEC alleged that Ripple’s sale of XRP tokens constituted an unregistered securities offering, violating federal securities laws.​

What does the dismissal of the lawsuit mean for XRP?

The dismissal removes a significant legal hurdle for Ripple, potentially leading to XRP’s listing on major exchanges and renewed investor confidence.​

How did the lawsuit affect XRP’s price historically?

Following the lawsuit’s announcement in December 2020, XRP’s price plummeted as exchanges delisted the token. The recent dismissal has had the opposite effect, with prices surging due to renewed optimism.​

Will this affect other cryptocurrencies?

Yes, the positive resolution may set a precedent for how regulators approach other digital assets, potentially leading to a more favorable environment for the broader crypto market.

What’s next for Ripple Labs?

With the legal uncertainties resolved, Ripple can focus on expanding its payment solutions and strengthening partnerships within the financial industry.​

Glossary of Key Terms

  • XRP: A digital currency created by Ripple Labs to facilitate fast and cost-effective cross-border payments.​

  • Ripple Labs: The company behind the XRP token, offering payment solutions leveraging blockchain technology.​

  • SEC (Securities and Exchange Commission): A U.S. federal agency responsible for enforcing securities laws and regulating the securities industry.​

  • Cryptocurrency Exchange: A platform where individuals can buy, sell, or trade cryptocurrencies.​

  • Market Capitalization: The total market value of a cryptocurrency, calculated by multiplying its current price by its circulating supply.​

Sources

MarketWatch

Binance

​Axios

Barron’s

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TAGGED:Ripple LawsuitSECThe SEC vs. RippleXRP priceXRP Soars

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ByJonathan Swift
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A crypto journalist with an understanding of blockchain technology. Skilled in simplifying complex topics for diverse audiences, from beginners to experts. Because I believe in words as they are the children of mind.
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