Ripple’s long legal fight with the SEC is finally over! After years of courtroom battles, twists, and market uncertainty, the crypto giant has officially dropped its cross-appeal, closing the case for good. The SEC will keep $50 million, while Ripple gets back $75 million from the original $125 million fine.
But with the lawsuit behind them, a bigger question emerges – what’s next for XRP? Polymart predicts an 86% chance of an XRP ETF approval by 2025!
Could this be the moment that changes everything?
The lawsuit began in December 2020 when the SEC accused Ripple of selling XRP as an unregistered security. Over the years, the case became a key fight over how U.S. securities laws apply to cryptocurrencies. Now, with the case settled, Ripple has come out stronger, marking a big win for the crypto industry.
Chief Legal Officer Stuart Alderoty confirmed on X that Ripple has dropped its cross-appeal, allowing the SEC’s previous decision to stand. At the same time, the SEC has requested the removal of the standard injunction on Ripple, signaling a shift in its approach.
The final steps involve completing legal procedures and securing a commission vote before the case is officially closed.
The SEC’s settlement with Ripple comes at a time when the agency appears to be softening its stance on crypto. Recently, it has also dropped lawsuits against major exchanges like Coinbase and Kraken, suggesting a shift in its regulatory strategy.
With the legal battle over, Ripple is focused on the future, and investors are optimistic. Polymarket now estimates an 86% chance that an XRP exchange-traded fund (ETF) will be approved by 2025.
Despite recent market swings, XRP remains steady, currently trading at $2.46 and holding above the key support level of $2.40. Analysts believe XRP could soon rise to $2.9990 and even $3.4000, driven by growing market confidence and ETF speculation.
It’s time to celebrate!
With the lawsuit finally behind it, Ripple is looking ahead. An XRP ETF approval could bring major institutional investment, boosting its market position. With clearer regulations and growing investor confidence, XRP may be set for significant growth in the coming months.
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