XRP News: Ripple CEO Confirms Appeal Drop, Rally Ahead?

XRP News: Ripple Drops Appeal as Legal Battle With SEC Nears End

Ripple has officially dropped its cross appeal in the long-running case with the U.S. Securities and Exchange Commission (SEC). The company is ready to close this chapter and move forward. Organisation's Chief Legal Officer, Stuart Alderoty, confirmed the decision and made one thing clear: XRP is not a security, and that fact hasn’t changed.

Alderoty said the court gave them two options: continue fighting or step away. The firm chose to step away, and the SEC is anticipated to do the same. This could finally bring an end to one of the biggest legal battles in crypto history.  

Ripple CEO: “We’re Closing This Chapter”

CEO Brad Garlinghouse posted on X (previously Twitter) a strong message: “We’re closing this chapter once and for all.” He added that it is now focused on what really matters, building the “Internet of Value,” a global financial system backed by blockchain. 

This is not just legal talk, it’s a signal that the organisation is ready to grow without distractions. It also shows confidence that the worst is now behind them. 

Source: Brad Garlinghouse

What Does This Means for XRP?

Now that the legal fight is nearly over, this altcoin could finally have room to rise. Several big things could happen next:

• XRP ETF Incoming: A spot XRP ETF is more likely now. Big firms like BlackRock may be ready to get involved.

• Ripple IPO Possible: The company might finally launch its IPO, something that was on hold because of the lawsuit.

• Banks Can Join In: With the SEC out of the way, banks are now free to work with the organisation and this crypto

All of this makes this cryptocurrency one of the most talked-about tokens right now.

Ripple Bounces Back After Judge’s Rejection

Previously, the organisation and the SEC had an early attempt to get things settled. They requested the court to lower the repeated fine on the organisation that reached the amount of 125 million dollars and to remove the ban on selling XRP on an institutional scale. But the judge rejected this appeal. That decision was a disappointment to a lot of people and it caused the price of crypto to decline. 

Nevertheless, the recent action of the company alters the situation altogether. Controlling the situation by leaving the appeal is a sign that the company is interested in growth, rather than a courtroom action.

XRP is Ready to Explode

Community is excited to see how the altcoin is going to move ahead of this decision. Currently the coin is trading at $2.18. It has surged already by 3.87% within the last 24 hours after this announcement. The trading volume has also increased by 1.11% to reach $3.5 Billion as per the CoinMarketCap. 

Source: CoinMarketCap

With the legal battle behind it, the organisation is now free to build, grow, and expand. The native cryptocurrency is no longer stuck under legal pressure, and the way ahead is clear.

Investors and the community believe this could be the moment XRP was waiting for a fresh start and a chance to soar.

A Turning Point for Crypto

This XRP news arrives amidst a major shift in the crypto industry. Banks are now embracing digital assets. The European Central Bank is exploring cross-border payment options for a $320 trillion industry. Arthur Britto, the Co-developer of XRPL and co-founder of Ripple Labs, appeared after 14 years on social media which surprised everyone.

Everything points towards a grand revival for the industry and Ripple is bang in the centre of it.