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๏ปฟAnjali Belgaumkar
๏ปฟAnjali Belgaumkar
Author
Writer by choice, CryptoCurrency Writer, and Researcher by chance. Currently, focusing on financial news and analysis, as well as cryptocurrency news and data. One may not call me a crypto โEnthusiastโ but trust me I'm getting there.
- May 09, 2025 01:54 UTC
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XRP Price Surges 8% As Ripple vs SEC Officially Ends; Next Stop $3?
Ripple and the SEC reach official settlement; XRP surges 8% to $2.31 as legal cloud lifts.
With $50M paid to SEC and escrow funds released, XRP eyes $3 as institutional adoption potential rises.
The wait is finally over for the XRP community. Ripple and the US Securities and Exchange Commission (SEC) have officially settled their long-running legal battle. Following this announcement, XRPโs price surged by 8%, reaching $2.31.
What Happened?
After years of courtroom drama, both Ripple and the SEC filed a joint motion in the US District Court for the Southern District of New York, confirming that theyโve reached a settlement. As part of the agreement:
- Ripple will pay $50 million to the SEC.
- Another $125 million, currently held in escrow, will be released, with a portion going to Ripple.
Crypto experts and XRP supporters believe this is a game-changing moment for the entire financial system. Now that the legal battle is behind it, XRP can more easily be adopted by banks, financial institutions, and investors without the cloud of uncertainty hanging over it.
Legal experts like James K. Filan, a former federal prosecutor, called this moment โhuge,โ while XRP community leaders celebrated the victory, reminding everyone about the ups and downs of the crypto journey.
- Also Read :
- SECโs Caroline Crenshaw Slams Ripple vs SEC Settlement, Says โThis Isnโt a Settlement I Can Supportโ
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Will XRP Price Hit $3?
XRP saw a strong and unexpected breakout, pushing above the key levels. The breakout above $2.17 is important because it shows that buyers are stepping in again. If this level continues to hold, XRP is likely back in its previous trading range โ and from here, the next price target could be breaking $2.30 with confirmation. If momentum continues and Bitcoin also remains strong, XRP could even push beyond that toward $2.40 and higher in the coming days or weeks. Experts also predict that XRP could soon climb above the $3 level.
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FAQs
Yes, Ripple settled with the SEC, marking a major legal win and clearing regulatory hurdles for XRP adoption.
It removes legal uncertainty, potentially enabling banks and institutions to adopt XRP more confidently.
XRP jumped 8% to $2.31 after the settlement, as investor confidence surged on renewed regulatory clarity.
Yes 
No 
