The legal battle between Ripple and SEC has concluded, RLUSD is making strides, and XRP shows significant growth potential.
The Closure of the Ripple v. SEC Lawsuit
The case between Ripple and the US Securities and Exchange Commission has officially ended. Both parties filed a joint dismissal of their appeals, which was confirmed by the SEC. The court imposed a civil penalty of approximately $125 million against Ripple and prohibited the company from violating the registration provisions of the Securities Act.
Progress of the Stablecoin RLUSD
The stablecoin RLUSD was launched at the end of 2024, maintaining a 1:1 peg to the US dollar. It aims to facilitate instant settlements for cross-border payments. This week, the payment platform Mesh Connect started accepting RLUSD. The coin is currently the 159th largest digital asset with a market cap of almost $650 million.
XRP's Market Prospects
XRP is currently trading at approximately $3.28, reflecting an 11% increase over the week. Analysts believe that with the conclusion of the Ripple v. SEC case and the broader market resurgence, XRP may continue to grow. There has been significant accumulation, with large investors buying 900 million XRP worth nearly $3 billion in just 48 hours, which may lead to price increases.
The closure of the Ripple v. SEC case and the progress of RLUSD open new opportunities for XRP, which continues to attract investor interest.
