ZyCrypto 2025-03-20 20:02:34

$10 XRP Price Closer Than Ever As Ripple Emerges Victorious in SEC Lawsuit

Ripple has successfully walked away victorious after fighting a 4-year long legal battle with the U.S Securities and Exchange Commission (SEC). In December 2020, the cryptocurrency ecosystem was hit with a major setback, as the regulatory body accused Ripple of offering unregistered securities in a lawsuit. On March 19, 2025, Brad Garlinghouse, the CEO of Ripple, announced the dissolution of the lawsuit, revealing that the SEC has backtracked on proceeding with its appeal against Ripple. Noting that court sanctions against the SEC set the tone for Ripple’s legal victory, Brad Garlinghouse is quoted saying the following; “We won then on every critical legal point, proving that the digital asset XRP is not a security. That is now the law.” Ripple’s victory could catalyze an XRP price surge to the highly coveted $10 XRP price. Near-term outlook stays bullish for XRP The new development could catalyze a bullish price rally for the XRP—Ripple’s native token. Notably, XRP recorded a massive price upsurge following the official statement. XRP also emerged as the highest daily gainer, beating BTC and Ether to become the best-performing crypto in the top three categories. Not long after the announcement, a 10% jump in price value recorded left XRP trading at $2.50 per coin. Down by 6% from the previous month, XRP is primed to clear monthly losses faster than leading assets BTC and Ether, with -10% and -26% in monthly losses, respectively. Investors’ confidence and excitement have heightened as trading volume soared by 90% in the last 24 hours. With the SEC out of the picture, XRP’s social sentiment is poised to lean towards a positive angle, potentially attracting new investors and simultaneously aiding a long-anticipated price rally.