TLDR
- The SEC has dropped its appeal against Ripple, ending a four-year legal battle
- XRP price surged past $2.50, jumping 14% following the news
- Whale wallets have increased their XRP holdings by 6.5% to 46.4 billion tokens
- Network activity increased sixfold in March compared to previous months
- Analysts are watching for a potential breakout past $3, a level not seen since 2017
The cryptocurrency XRP (XRP) has seen a notable price increase following the U.S. Securities and Exchange Commission’s decision to drop its legal proceedings against Ripple. This marks the end of a four-year battle that has hung over the digital asset and its parent company.
Ripple CEO Brad Garlinghouse announced the news on X (formerly Twitter).
“This is it – the moment we’ve been waiting for. The SEC will drop its appeal – a resounding victory for Ripple, for crypto, every way you look at it. The future is bright. Let’s build,” he wrote.
The price of XRP reacted positively to this development. The cryptocurrency jumped 14% to break past $2.50 following the announcement.
This price movement comes as large investors, often called “whales,” continue to accumulate the token. Data shows that wallets holding at least one million XRP have increased their holdings by 6.5% over the past two months.
These whale wallets now hold a combined 46.4 billion XRP. At current prices, this amounts to roughly $114 billion worth of the cryptocurrency.
Network activity has also seen a major increase. The number of unique wallets interacting on the XRP blockchain increased sixfold in March compared to earlier months.
This surge in activity suggests growing interest in XRP from both large investors and everyday traders. Many appear to be betting on the cryptocurrency’s future growth potential.
Regulatory clarity should gain interest from institutions
The legal victory removes a key concern that had been holding back some investors. With regulatory clarity improving, more institutions may now consider adding XRP to their portfolios.
Attorney Jeremy Hogan noted that Ripple still has several options going forward. These range from continuing its own appeal to simply paying the $125 million penalty and moving on.
In an interesting development, Ripple’s CEO recently hinted that XRP could potentially play a role in a U.S. strategic digital asset reserve. This followed references to President Donald Trump’s executive order from early March.
Analysts are now watching to see if XRP can break past $3. This would represent a price level not seen since the bull run of 2017.
Follow the White Rabbit!$XRP on the Daily Chart.
We knew the news would follow. Some believed some did not.
It doesn't matter, in the end.
Roads are Clear, Skies are Blue.
Cheers!#Ripple #XRPArmy pic.twitter.com/4ZJhmDUBya
— Dark Defender (@DefendDark) March 19, 2025
Some market watchers believe that XRP could benefit from Bitcoin’s momentum if the broader crypto market continues to rally. The current market conditions appear favorable for further growth.
Ripple’s expanding partnerships with banks and payment providers add to the potential upside. These business relationships strengthen XRP’s use case as a bridge currency for international payments.
With the SEC case now concluded, investors will likely focus more on XRP’s technical fundamentals and adoption metrics. The cryptocurrency has positioned itself as a payment solution rather than just a speculative asset.
The next few months will be crucial for XRP as the market digests the full impact of the SEC decision. Many supporters believe this could be the beginning of a new chapter for the cryptocurrency.
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