XRP price saw a strong rally after Ripple CEO Brad Garlinghouse shared big news about the company’s legal case. Garlinghouse announced that Ripple is dropping its cross-appeal against the U.S. Securities and Exchange Commission (SEC). This marks the end of one of the most important and high-profile legal battles in the crypto world.
This announcement comes with the expectation that the SEC will also drop its own appeal. With this legal cloud finally lifted, XRP is set to fully return to institutional adoption and could see major exchanges begin listing it again. This is a huge victory for Ripple and for XRP holders who have been waiting for legal clarity.
Ripple is dropping our cross appeal, and the SEC is expected to drop their appeal, as they’ve previously said. We’re closing this chapter once and for all, and focusing on what’s most important – building the Internet of Value. Lock in. https://t.co/ZsRgDfcpLh
— Brad Garlinghouse (@bgarlinghouse) June 27, 2025
Garlinghouse took to social media to share the news, stating, “Ripple is dropping our cross-appeal, and the SEC is expected to drop their appeal, as they’ve previously said. We’re closing this chapter once and for all, and focusing on what’s most important – building the Internet of Value.”
The Ripple Legal Battle Comes to an End
For the last few years, Ripple has been involved in a legal battle with the SEC over whether XRP was sold as an unregistered security. The legal proceedings caused uncertainty in the market, which affected XRP’s price. But now that the legal proceedings are ending, the market is responding positively.
Crypto lawyer John E. Deaton also commented on the announcement, noting how the news immediately impacted the market. He said, “And then it ended,” referring to the conclusion of the case that had overshadowed XRP trading since 2020. Before Garlinghouse’s announcement, XRP had traded as low as $2.07. After the news, the price rallied to $2.20, showing how much traders were anticipating clarity on the legal situation.
XRP’s Growing Market Optimism
Many in the crypto community, especially those who have long supported XRP, are feeling optimistic. Popular XRP advocate CrediBULL Crypto responded to Garlinghouse’s announcement by saying, “Lock in. It’s gonna be a fun ride :)”. While some users accused him of being paid to promote XRP, CrediBULL defended his position by highlighting XRP’s strong market position. He pointed out that XRP has been in the top three cryptocurrencies for years and is one of the first three coins ever created.
A coin that has been in the Top 3 for years and is also one of the first 3 crypto coins ever created doesn’t need to pay influencers to shill it lol.
If you’re looking for paid shills the meme coin market is full of them, just pick a random ticker and odds are there’s a number… https://t.co/5mqKmFPlbn
— CrediBULL Crypto (@CredibleCrypto) June 28, 2025
Unlike meme coins that often rely on influencers, CrediBULL said that XRP does not need paid promotion to remain relevant. He also shared that he receives many offers to promote meme coins but chooses to focus on established cryptocurrencies like XRP.
The End of Legal Uncertainty for Ripple XRP
The end of the appeals process removes the final source of regulatory uncertainty for XRP. This uncertainty had been a major obstacle to XRP’s institutional adoption and trading on major exchanges. During the legal battle, several big exchanges had either delisted or restricted XRP trading. Now, with the legal issue resolved, XRP is likely to regain its position on these exchanges and attract more institutional investors.
As of Saturday, XRP was trading around $2.20, showing strong growth. This is a positive sign that the market is reacting favorably to the news. Ripple had also seen a rally in April after agreeing to a $50 million settlement with the SEC over unregistered securities sales. This settlement marked the conclusion of a years-long lawsuit.
Ripple’s Growth After Legal Settlement
In 2023, Ripple won a partial court case that gave them an advantage over the SEC. The company is now recovering most of the $125 million it had set aside for penalties. Garlinghouse credited the shift in U.S. political leadership for helping the case move forward. The SEC, under the Trump administration, dropped several lawsuits against crypto companies like Coinbase, Gemini, and Uniswap after receiving donations from the industry, including millions from Ripple.
Critics argue that these donations contributed to what they call “crypto cronyism,” while supporters view the move as a step toward clearer regulation. With legal uncertainty behind it, Ripple is now focusing on expanding its business. The company has recently acquired Hidden Road for $1.25 billion and launched a stablecoin approved by the New York Department of Financial Services (NYDFS).
