2025-6-28 08:55 |
The long legal fight between Ripple and the SEC looks like it’s finally coming to an end. Ripple’s CEO, Brad Garlinghouse, just posted that Ripple is dropping its cross appeal, and the SEC is expected to drop its own appeal too. He said they are “closing this chapter once and for all” so Ripple can focus on building the Internet of Value.
Earlier, Stuart Alderoty, Ripple’s Chief Legal Officer, shared that the court gave Ripple two choices, which are either dismiss their appeal about past institutional sales or continue fighting. Now it seems Ripple chose to move on.
With this, the ball is back in our court. The Court gave us two options: dismiss our appeal challenging the finding on historic institutional sales—or press forward with the appeal. Stay tuned. Either way, XRP’s legal status as not a security remains unchanged. In the meantime,… https://t.co/edHNbMzYbZ
— Stuart Alderoty (@s_alderoty) June 26, 2025Cryptro Lawyer, James K. Filan also confirmed that Judge Analisa Torres denied Ripple and the SEC’s joint request for an indicative ruling that would have cleared the way to dissolve the existing injunction and lower Ripple’s penalty.
So what does this mean for Ripple price and the crypto market? Let’s break it down.
Ripple’s Legal Battle Finally Nears the EndThe court documents show that the SEC originally wanted Ripple to pay nearly $1 billion in penalties for selling XRP without registering it as a security. But after months of negotiations, the final penalty was reduced to about $125 million. Ripple’s team tried to get the court to dissolve the injunction requiring Ripple to “obey the law” and cut the penalty by 60%, but the judge refused.
Now, both Ripple and the SEC plan to drop their appeals. This means the Summary Judgment stands: XRP is not considered a security when sold on exchanges to retail investors, but is a security when sold directly to institutions without proper registration. That legal clarity could remove one of the biggest clouds hanging over Ripple.
XRP Price Action: Breakout or Fakeout?Looking at XRP price action, we can see that XRP has been stuck inside a descending channel since early May. Each time it tried to rally, it was rejected by the upper boundary of the channel. But now, XRP is testing this upper trendline again, with the latest candle closing just at the resistance.
XRP price is already up by around 5% from yesterday’s low, trading around $2.18. A strong daily close above the channel resistance, which currently sits near $2.20, could trigger a breakout. If that happens, the measured move based on the width of the channel suggests XRP could pump all the way to $2.60.
XRP Price ChartHowever, there’s a word of caution. Over the years, XRP has often spiked on major news only to fall back and move with the general crypto market. Even if XRP breaks out now, it may still follow Bitcoin’s price trends and broader altcoin sentiment. If Bitcoin turns bearish or the crypto market weakens, XRP could drop back into the channel and retest lower support around $2.00.
Will XRP Finally Lead the Market?XRP has one of the clearest legal statuses among major altcoins after this case, at least in the U.S., because the court ruled it’s not a security when sold to retail traders. That’s a big win for Ripple and could attract new buyers. Analysts like James K. Filan believe this could be a turning point for Ripple price action.
Read Also: Analyst Doubles Down on ONDO Price Target After Sharp Bounce From $0.63
But as history shows, XRP price tends to follow Bitcoin and overall altcoin sentiment. Even if XRP spikes after this legal update, it will probably go back to tracking Bitcoin’s trend in the long run. So while XRP looks bullish right now, the key question is whether it can break the pattern and start a real independent rally.
For now, the price action suggests XRP is at a critical decision point. If the bulls can push XRP above the channel resistance with strong volume, we could see a move towards $2.60. But if the breakout fails, XRP will likely remain trapped in its downtrend until broader market conditions improve.
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The post Ripple Moves to End SEC Fight, Drops Appeal: Is XRP Now the Most Bullish Crypto? appeared first on CaptainAltcoin.
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