In recent years, XRP has been at the center of legal disputes with the SEC. Attorney John Deaton's reaction highlights the significance of this win for the XRP community.
Four-Year Battle for XRP
The SEC filed a lawsuit against Ripple Labs in December 2020, claiming that the company conducted an unregistered securities offering. This resulted in significant losses for retail investors as XRP was delisted from major exchanges and its price crashed. John Deaton, founder of CryptoLaw, filed an amicus brief on behalf of over 75,000 XRP holders from more than 140 countries, becoming a central part of Ripple's defense. He argued that the SEC failed to distinguish between Ripple's institutional sales and the secondary market activities of everyday XRP holders.
Surge in XRP Price
After years of legal uncertainty, XRP is finally surging. As of July 18, 2025, XRP is trading at approximately $3.60, marking a 20% increase over 24 hours. The token is nearing its all-time high of $3.84 recorded in early 2018. Open interest in XRP futures has exceeded $10 billion, indicating strong institutional and speculative demand.
Institutional Investor Confidence and ETF Breakthrough
The XRP market is further supported by recent developments in financial infrastructure. Notably, the launch of a ProShares XRP ETF has opened doors for institutional investors to gain regulated exposure to XRP. This event signifies Wall Street's growing comfort with XRP and further legitimizes it as a long-term digital asset.
The recovery of XRP and the successful defense of holders' rights highlight the importance of advocating for fair regulation within the crypto industry. Following the court ruling, many see a new era for XRP and its users.
