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Weekly XRP Update: Ripple vs SEC Case Closure and Market Insights

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by Giorgi Kostiuk

2 days ago

Crypto exchange Uphold has released its latest weekly report on XRP, highlighting significant legal and market developments.

Ripple and SEC Case Closure

Uphold confirmed that after nearly five years of litigation, both Ripple and the U.S. Securities and Exchange Commission (SEC) have withdrawn their respective appeals, formally concluding the long-standing lawsuit.

XRP Market Gains

The report stated that XRP outperformed other major altcoins during the week, benefiting from favorable macro headlines. XRP rose by 12%, reaching a peak above $3.30 before experiencing a modest pullback.

Current Price Levels and Analysis

As of the report’s release, Uphold noted XRP trading at approximately $3.31, showing resilience after briefly dipping from mid-week highs. The exchange reported a notable increase in on-chain transaction volume following news of the SEC case resolution.

While the end of the Ripple-SEC case marks a significant legal milestone, the exchange noted that market behavior in the coming weeks will be critical in determining whether the momentum can be sustained.

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