XRP Skyrockets as Ripple Drops SEC Appeal: The Crypto Saga Ends!

Ripple CEO Announces Game-Changing Decision

Hold onto your hats, folks! XRP just went on a wild ride after Ripple CEO Brad Garlinghouse dropped a bombshell: they're pulling the plug on their cross-appeal against the SEC. That's right, one of crypto's most epic legal battles is finally slamming the door shut!

Clearing the Way for XRP's Comeback

With the SEC expected to follow suit and ditch their appeal too, it's looking like the green light for XRP to make a grand re-entry into the big leagues. We're talking full-on institutional adoption and those juicy major exchange listings!

"Ripple is dropping our cross appeal, and the SEC is expected to drop their appeal, as they've previously said," Garlinghouse posted on X. "We're closing this chapter once and for all, and focusing on what's most important – building the Internet of Value."

Market Reacts: XRP Soars!

Crypto lawyer John E Deaton couldn't believe his eyes, noting the instant market impact. "And then it ended," Deaton wrote, summing up the end of the legal drama that's been haunting XRP traders since 2020.

XRP was flirting with $2.07 just 24 hours before the announcement, so the rally to $2.20? That's a major win for traders betting on legal clarity.

Crypto Influencers Weigh In

XRP fanboy CrediBULL Crypto was all in on the hype, responding with a cheeky, "Lock in. It's gonna be a fun ride :)" to Garlinghouse's post. But not everyone was buying it—some accused him of shilling for cash.

CrediBULL Crypto clapped back, defending XRP's street cred. "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," he shot back at the skeptics.

He even took a jab at the meme coin market, saying he's turned down "500+ offers to shill memes for money" to focus on the real deal—like XRP.

The Final Hurdle Cleared

With the appeals out of the way, the last bit of regulatory uncertainty that's been cramping XRP's style is gone. Remember those major exchanges that delisted or put the brakes on XRP trading during the lawsuit? Yeah, they might be singing a different tune now.

At last check on Saturday, XRP was holding steady around $2.20. Buckle up, folks—it's only going to get wilder from here!

From Settlement to Soaring: XRP's Journey

XRP's been on a rollercoaster, but it rallied back in April after Ripple settled with the SEC for a cool $50 million, putting an end to a years-long lawsuit over unregistered securities sales. The case kicked off in 2020, but Ripple scored a partial win in court in 2023. Now, they're clawing back most of the $125 million they had stashed away for penalties.

Garlinghouse gave a nod to the new political winds, saying the Trump administration's SEC dropped several crypto lawsuits after the industry threw some serious cash their way, including millions from Ripple.

Some call it crypto cronyism, but others see it as a step towards clearer rules. With the legal drama in the rearview mirror, Ripple's not wasting any time—they're dropping $1.25 billion on Hidden Road and launching a NYDFS-approved stablecoin. It's game on, and XRP's ready to play!