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After nearly four years of battle, the U.S. SEC ended its legal fight with Ripple, sparking a significant XRP rally. According to Coingecko, XRP is up nearly 7% in the past 24 hours, pushing weekly gains above 15%.
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SEC Drops Case Against Ripple
The rally was anticipated. By dismissing the case and not appealing, the SEC has lifted a massive burden from XRP and Ripple, which had been contending with the strict regulator.
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.
The future is bright. Let's build. pic.twitter.com/7WsD0C92Cm
— Brad Garlinghouse (@bgarlinghouse) March 19, 2025
In its December 2020 lawsuit, the U.S. SEC alleged that Ripple, the for-profit company using XRP in some solutions, illegally raised $1.3 billion via an ICO by selling unregistered securities in XRP. Ripple denied these claims and has battled the determined regulator for four years.
With the case concluded, it marks a pivotal moment not only for Ripple but also for the broader crypto market. Had the SEC won, it would have set a precedent for classifying digital assets—especially those launched by U.S. founders—as securities.
Under the Biden administration, the SEC sought to regulate cryptos as securities rather than commodities. This approach would subject most tokens, including some of the best cryptos to buy, to stricter financial regulations, akin to stocks and ETFs.
The SEC even failed to clarify whether Ethereum was a commodity or an unregistered security, despite approving a spot Ethereum ETF in July 2024. With no clarity, ETH has been struggling for momentum, underperforming some of the hottest crypto presales to buy in 2025.
However, under the new Trump administration, regulatory policies are shifting rapidly. Alongside David Sacks, the new crypto and AI czar, the U.S. aims to create a favorable environment that encourages crypto development. Sacks has been buying Bitcoin since 2012 saying it would be the “preferred form of currency over time.”
Trump’s crypto czar, David Sacks, reveals he’s been buying #Bitcoin since 2012.
Says Bitcoin is “money backed by math” and could become the preferred form of currency over time. pic.twitter.com/lyRurUeu30
— TFTC (@TFTC21) February 9, 2025
Following through on his campaign pledges, Trump has adopted a pro-crypto stance. Over the past three months, since Gary Gensler’s resignation, the SEC has withdrawn lawsuits against several crypto firms and exchanges, including Robinhood and Coinbase.
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Time to Build? Will XRP Break $3.4?
The withdrawal of the case against Ripple is another win for the industry, signaling a trend where crypto firms find relief and can now focus on growth rather than funneling money to lawyers.
In a post on X, Brad Garlinghouse, Ripple’s CEO, expressed relief, stating, “The case has ended—it’s over.”
Bitnomial, a crypto exchange, is launching the first-ever CFTC-regulated XRP futures in the U.S. This physically settled product begins trading today, March 20.
🚀 XRP futures are here! 🚀
Bitnomial is launching the first-ever CFTC-regulated $XRP futures in the U.S. — physically settled for real market impact. Plus, we’ve voluntarily dismissed our case against the SEC as regulatory clarity improves. pic.twitter.com/ARkSanjFNU
— Bitnomial (@Bitnomial) March 19, 2025
Multiple spot ETF applications are also awaiting approval. Punters on Polymarket give an 83% chance that the first spot XRP ETF will go live in H2 2025.
💥JUST IN: 🇺🇸Polymarket users predict an 83% chance that an XRP ETF will be approved in 2025.
Bullish #XRP 🚀 pic.twitter.com/a4eN48GmvT
— Amonyx (@amonbuy) March 20, 2025
On the daily chart, XRP remains in an uptrend. However, prices are stuck in consolidation, moving sideways after hitting $3.4 in January 2025.
The coin has found strong support at $2, and as long as traders and institutions accumulate, buyers might gain the strength to push higher—potentially to new all-time highs.
According to Santiment, the number of whales holding at least 1 million XRP—controlling over $114 billion worth of the coin—has risen 6.5% in two months. Meanwhile, XRP appears to be decoupling from the “altcoin pack.”
📈 XRP has decoupled from the altcoin pack, surging another +14% and breaching the $2.50 resistance for the first time in 12 days. Wallets with at least 1M $XRP now hold 46.4B coins, as they have accumulated 6.5% more in just the past 2 months alone. Address activity has also… pic.twitter.com/87PiB2OxeU
— Santiment (@santimentfeed) March 19, 2025
Accompanying this uptick is a surge in on-chain activity: new wallet interactions on the XRP Ledger jumped 600% in March compared to previous months, pointing to growing interest.
Ripple-SEC Case is Over, Will XRP Spark An Altcoin Rally?
- SEC Case Dropped: Lawsuit alleging Ripple’s $1.3 billion XRP ICO as unregistered securities ends
- Pro-Crypto Shift: Trump’s administration and new crypto czar David Sacks ease regulations, withdrawing SEC suits against firms like Coinbase
- XRP Momentum: Whales up 6.5%, on-chain activity surges 600%, with XRP eyeing $3.4 and ETF hopes for H2 2025
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