XRP rallied after Ripple CEO Brad Garlinghouse announced the company is dropping its cross-appeal against the U.S. Securities and Exchange Commission, signaling a definitive end to one of crypto’s most high-profile legal battles.

With the SEC expected to withdraw its own appeal, the move clears the path for XRP’s full return to institutional adoption and 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.”

Legal certainty drives XRP price action

Crypto lawyer John E Deaton responded to the announcement by noting the immediate market impact. “And then it ended,” Deaton wrote, referring to the conclusion of the legal proceedings that have overshadowed XRP trading since 2020.

XRP (XRP) had traded as low as $2.07 in the 24-hour period before the announcement, making the rally to $2.20 particularly notable for traders who had positioned for legal clarity.

Popular XRP advocate CrediBULL Crypto expressed optimism about the development, responding, “Lock in. It’s gonna be a fun ride :)” to Garlinghouse’s announcement. However, the analyst faced accusations of paid promotion from skeptical users.

CrediBULL Crypto defended his position by highligh

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Author: Vignesh Karunanidhi