Ripple announced the withdrawal of its appeal in the long-running legal battle against the SEC, which could shift the landscape for XRP and the crypto market.
Ripple Drops Cross-Appeal
Ripple CEO Brad Garlinghouse confirmed the company's decision to drop its cross-appeal, with the SEC also expected to follow suit. "We are closing this chapter once and for all and focusing on what’s most important – building the Internet of Value."
XRP Price Predictions
The XRP community responded positively to the news, with analyst Xaif predicting that XRP could reach $1000, representing a 45,700% increase. However, such a price remains speculative.
Ripple's Focus on Real-World Adoption
With legal distractions behind, Ripple aims to enhance its real-world application efforts, including cross-border transactions and liquidity provisioning.
Ripple's cessation of its appeal might become a turning point not just for the company, but for the entire crypto trading environment, opening new opportunities for XRP.
