Recent events surrounding Ripple and its legal battle with the SEC could change the landscape of the cryptocurrency market. Both parties have officially withdrawn their appeals, marking an important moment for XRP and the crypto community.
Conclusion of the Legal Battle between Ripple and SEC
Ripple and the SEC have officially withdrawn their appeals, ending a five-year conflict. This decision is celebrated by investors as it opens the way for broader institutional adoption. There are speculations that BlackRock could be preparing to file for an XRP exchange-traded fund (ETF).
Ripple's Acquisition and Its Implications for XRP
Adding to the positive sentiment, Ripple recently acquired the payment platform Rail for $200 million. This acquisition will integrate XRP and Ripple's RLUSD stablecoin into a network spanning 37 countries, significantly increasing XRP's real-world utility. Market analysts note that the adoption of RLUSD could drive demand for XRP as a bridge asset in international transactions, while strengthening Ripple's compliance profile.
Technical Analysis and XRP Price Prediction
Technically, XRP has rebounded strongly from recent patterns, reclaiming the $3.20 zone as support. If this level holds, XRP could challenge $3.50 in the near sessions, aiming for $3.80. Analysts suggest that a successful break above $3.80 could open the door to $4.00.
With legal clarity restored, expanding utility, and potential ETF approval, XRP sits at the center of bullish narratives that could impact its price trajectory throughout 2025.
