As of March 19, 2025, the SEC withdrew its appeal against Ripple, resulting in a 10% increase in XRP price.
History of the SEC Lawsuit Against Ripple
The SEC originally filed a lawsuit against Ripple in 2020, alleging that $1.3 billion was raised illegally. This legal battle reached a turning point as the SEC retracted its appeal. According to Ripple CEO Brad Garlinghouse, this decision could significantly affect Ripple's market actions.
Market Reaction to the SEC's Decision
The latest price data indicates that XRP is currently trading at $2.59, experiencing fluctuations between $2.35 and $2.59. Analysts suggest that this trend aligns with previous market movements. Experts emphasize that the SEC's decision could pave the way for regulatory changes, potentially enhancing the chance of an XRP-traded ETF approval. Bloomberg Analysts note, "The resolution of this lawsuit could enhance the likelihood of an XRP-traded ETF receiving SEC approval, estimating a 65-75% chance of approval by the end of 2025."
Regulatory Decisions and Market Impact
Historically, regulatory decisions have influenced the cryptocurrency market, as seen with Bitcoin ETF approvals. The XRP ruling mirrors such events, causing short-term price hikes. Experts point to precedents in crypto regulation, suggesting possible long-term impacts. Data analysis reveals past outcomes typically favor market expansions, reinforcing these optimistic projections.
The SEC's withdrawal of its lawsuit against Ripple is a significant event for the crypto market, demonstrating the substantial impact of regulatory decisions.
