After a lengthy legal battle with the U.S. SEC, Ripple and XRP are making significant strides forward. The recent developments mark a major turning point for both Ripple and the digital asset XRP.
5 Years Battling the SEC Ends
Ripple recently announced that it has withdrawn its cross-appeal in the SEC case, bringing an end to the five-year legal dispute. The case revolved around whether XRP was offered as an unregistered security. Ripple CEO Brad Garlinghouse took to social media to share the news, stating that the company is now focused on building the Internet of Value. Chief Legal Officer Stuart Alderoty emphasized that XRP’s legal status remains unchanged, with regulatory clarity secured in 2023.
XRP Gains Entry into a Regulated Spot ETF
In another significant development, XRP has been included in a regulated spot ETF for the first time. The SEC approved Grayscale’s application to convert its Digital Large Cap Fund (GDLC) into a spot ETF, with XRP holding a 4.8% share alongside Bitcoin and Ethereum. The GDLC ETF is listed on NYSE Arca and manages around $755 million in assets, showcasing XRP’s growing acceptance in institutional finance.
Price Movement Shows Limited Reaction
Despite positive legal and institutional advancements, XRP’s market response has been relatively subdued. The token briefly spiked to $2.30 after Ripple’s appeal withdrawal but settled around $2.22. Technical indicators suggest that XRP is trading within a multi-month symmetrical triangle, with key resistance levels at $2.30-$2.35. Breaking above $2.26-$2.28 could propel XRP towards $2.34 or $2.40, while a drop below $2.20 might lead to declines towards $2.06.
What Comes Next for XRP?
As Ripple’s legal battle with the SEC concludes, XRP’s future prospects may hinge more on market structure and institutional adoption. The SEC is currently reviewing approximately 10 XRP spot ETF applications from major firms like Grayscale and Franklin Templeton. With XRP’s inclusion in the GDLC ETF, analysts anticipate approval for a standalone XRP ETF in the near future, with the SEC deadline set for the last quarter of October 2025.
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