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Ripple and SEC end lawsuit with $125 million escrow deal, marking final court chapter.
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$XRP no longer classified as a security in secondary markets after judge’s 2023 ruling.
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In the meantime, $XRP price rises to $2.16, with eyes on $2.35 and $2.60 resistance levels.
After nearly five years of courtroom drama, the Ripple vs. SEC case is finally reaching its last chapter. In a joint move, Ripple and the U.S. Securities and Exchange Commission have asked a New York court to release $125 million in escrow funds, marking the end of a long fight.
Meanwhile, $XRP is no longer seen as a security in the secondary market, giving a boost to $XRP price, which is now trading around $2.15.
Joint Filing By Ripple & SEC
What started in December 2020 as a case in which the U.S. SEC first sued Ripple, accusing the firm of raising $1.3 billion through unregistered $XRP sales.
Now, after several key rulings and appeals, both Ripple and the SEC have come to a final agreement.
According to their joint filing, $50 million from the escrow account will go to the SEC as a civil penalty, while Ripple will receive the remaining $75 million, pending court approval.
In their letter to the court, the parties said this move avoids further appeals and officially brings the lengthy lawsuit to a close.
$XRP’s Legal Status Now Clear
This motion follows Judge Analisa Torres’s 2023 ruling, which clarified that $XRP is not a security when traded on secondary markets. That judgment gave Ripple and the broader crypto industry a huge boost in credibility.
However, the court had also found that early $XRP sales to institutional investors did qualify as securities.
Even Ripple CEO Brad Garlinghouse hailed the SEC’s decision to drop its appeal, calling it a “milestone moment” for the entire industry.
$XRP Price Holds Steady
Following the news, $XRP has shown signs of recovery despite the recent market dip. The token is currently trading at around $2.16, reflecting a jump of 2.45% in the last 24 hours.
Meanwhile, experts see a key resistance at $2.35, with potential upside toward $2.44–$2.60 if momentum builds. On the downside, support lies near $2.05.