{"id":4381,"date":"2025-06-28T16:12:47","date_gmt":"2025-06-28T16:12:47","guid":{"rendered":"https:\/\/bitunikey.com\/news\/xrp-price-rallies-after-ripple-ceo-says-cross-appeal-dropped-chapter-done\/"},"modified":"2025-06-28T16:12:48","modified_gmt":"2025-06-28T16:12:48","slug":"xrp-price-rallies-after-ripple-ceo-says-cross-appeal-dropped-chapter-done","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/xrp-price-rallies-after-ripple-ceo-says-cross-appeal-dropped-chapter-done\/","title":{"rendered":"XRP price rallies after Ripple CEO says cross appeal dropped, chapter done"},"content":{"rendered":"
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XRP rallied after Ripple CEO Brad Garlinghouse announced the company is dropping its cross-appeal against the U.S. Securities and Exchange Commission, signaling a definitive end to one of crypto\u2019s most high-profile legal battles. <\/p>\n

With the SEC expected to withdraw its own appeal, the move clears the path for XRP\u2019s full return to institutional adoption and major exchange listings. <\/p>\n

\u201cRipple is dropping our cross appeal, and the SEC is expected to drop their appeal, as they\u2019ve previously said,\u201d Garlinghouse posted on X. \u201cWe\u2019re closing this chapter once and for all, and focusing on what\u2019s most important \u2013 building the Internet of Value.\u201d<\/p>\n

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Ripple is dropping our cross appeal, and the SEC is expected to drop their appeal, as they\u2019ve previously said. We\u2019re closing this chapter once and for all, and focusing on what\u2019s most important \u2013 building the Internet of Value. Lock in. https:\/\/t.co\/ZsRgDfcpLh<\/a><\/p>\n

\u2014 Brad Garlinghouse (@bgarlinghouse) June 27, 2025<\/a><\/p><\/blockquote>\n<\/div>\n<\/figure>\n

Legal certainty drives XRP price action<\/h3>\n

Crypto lawyer John E Deaton responded<\/a> to the announcement by noting the immediate market impact. \u201cAnd then it ended,\u201d Deaton wrote, referring to the conclusion of the legal proceedings that have overshadowed XRP trading since 2020.<\/p>\n

XRP (XRP) had traded as low as $2.07 in the 24-hour period before the announcement, making the rally to $2.20 particularly notable for traders who had positioned for legal clarity.<\/p>\n

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Popular XRP advocate CrediBULL Crypto expressed optimism about the development, responding, \u201cLock in. It\u2019s gonna be a fun ride :)\u201d to Garlinghouse\u2019s announcement. However, the analyst faced accusations of paid promotion from skeptical users.<\/p>\n

CrediBULL Crypto defended his position by highlighting XRP\u2019s established market position. \u201cA coin that has been in the Top 3 for years and is also one of the first 3 crypto coins ever created doesn\u2019t need to pay influencers to shill it,\u201d he responded to critics.<\/p>\n

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A coin that has been in the Top 3 for years and is also one of the first 3 crypto coins ever created doesn\u2019t need to pay influencers to shill it lol.<\/p>\n

If you\u2019re looking for paid shills the meme coin market is full of them, just pick a random ticker and odds are there\u2019s a number\u2026 https:\/\/t.co\/5mqKmFPlbn<\/a><\/p>\n

\u2014 CrediBULL Crypto (@CredibleCrypto) June 28, 2025<\/a><\/p><\/blockquote>\n<\/div>\n<\/figure>\n

The analyst contrasted XRP\u2019s legitimacy with the meme coin sector, noting he has received \u201c500+ offers to shill memes for money\u201d but chooses to focus on established cryptocurrencies instead.\u201d<\/p>\n

The end of appeals removes the final source of regulatory uncertainty that has affected XRP\u2019s institutional adoption and exchange listings. Several major exchanges had delisted or restricted XRP trading during the period of litigation.<\/p>\n

At last check Saturday, Ripple was trading at around $2.20. See below.<\/p>\n

<\/source><\/p>\n<\/picture>
Source: CoinGecko<\/a><\/figcaption><\/figure>\n

XRP rallied back in April after Ripple agreed to a $50 million settlement with the SEC, concluding a years-long lawsuit over unregistered securities sales. The case, filed in 2020, saw a partial court win for Ripple in 2023, and the company is now reclaiming most of the $125 million it had set aside for penalties. <\/p>\n

Garlinghouse credited the shift in U.S. political leadership, as the Trump administration\u2019s SEC dropped several crypto-related lawsuits (i.e., Coinbase, Gemini, Uniswap) following industry donations, including millions from Ripple. <\/p>\n

Critics call it crypto cronyism, while supporters view it as a move toward clearer regulation. With legal uncertainty behind it, Ripple is ramping up growth\u2014acquiring Hidden Road for $1.25 billion and launching a NYDFS-approved stablecoin.<\/p>\n

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