finbold.com
27 March 2025 13:34, UTC
The Securities and Exchange Commission (SEC) dropped its longstanding case against Ripple Labs last week, at least that’s what we are led to believe.
Brad Garlinghouse, the chief executive officer (CEO) of Ripple Labs broke the news in a March 19 X post.
“This is it – the moment we’ve been waiting for. The SEC will drop its appeal – a resounding victory for Ripple, for crypto, every way you look at it.”
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As notable as the drop has been, readers should remember that $XRP has added roughly $100 billion to its market cap over the past 365 days.
In addition, the asset has outperformed the wider market thus far in 2025, and analysts remain bullish. Ryan Lee, a Bitget researcher, recently outlined a case as to how a decisive breakout above $2.55 could lead to a rally to prices as high as $10 by 2030. Renowned technical analyst Gert van Lagen, having analyzed a seven-year-long chart pattern, placed an even higher price target for $XRP at $38, and deemed the figure ‘conservative’.
While $XRP is evidently not immune to market-wide hiccups and pullbacks, it remains one of the cryptocurrencies with the brightest prospects going ahead, and while the positive effects of the Ripple v. SEC case’s conclusion might take a while to come into play, they are inevitable at this point.
Featured image via Shutterstock
