XRP Surges After Ripple-SEC Case Closure with $20B Inflow
XRP surged over 13% to $3.36 and settled near $3.32 on August 7 after Ripple Labs and the U.S. Securities and Exchange Commission (SEC) formally dropped all appeals in their four-year legal dispute. The ruling upheld Judge Analisa Torres’s 2023 decision that sales of XRP on public exchanges do not constitute securities, while institutional sales remain regulated following a $125 million fine paid by Ripple. 24-hour trading volume spiked 189% to $11.8 billion, pushing XRP’s market capitalization to $198 billion and reflecting renewed investor confidence. The case closure injected $20 billion of fresh capital into the market. Traders see the dismissal as a major regulatory milestone that offers ongoing regulatory clarity and sets a U.S. precedent for future SEC enforcement. Technical analysis points to potential upside toward $5. Overall, the news is expected to be bullish for XRP, enhancing short-term momentum and supporting long-term adoption.
Bullish
The resolution of the Ripple-SEC lawsuit removes a major legal overhang for XRP, boosting regulatory clarity and investor confidence. The sharp rise in trading volume and the $20 billion capital inflow indicate increased liquidity and market interest. In the short term, this regulatory milestone is likely to drive bullish momentum as traders anticipate further price gains. Over the longer term, the U.S. precedent for crypto enforcement reduces uncertainty, supporting sustained adoption and stability for XRP.