XRP Surges as Ripple Lawsuit Resolves

Ripple and the SEC have reached a resolution in their long-standing lawsuit, ending months of legal uncertainty for both parties. The court has granted Ripple’s request to dismiss appeals, leading to a 10% price surge for XRP. This marks a significant victory for Ripple and paves the way for increased regulatory clarity in the cryptocurrency space. The agreement also includes a $125 million penalty set aside by the court. This development is expected to boost institutional interest in XRP as investors seek clearer regulatory guidance within the crypto market.