The multi-year lawsuit between Ripple and the US Securities and Exchange Commission has been completed. According to the terms of the settlement, Ripple will pay a fine of $50 million - significantly less than the initially requested $125 million. Thus, $75 million will be returned to the company, which indicates a compromise between the parties.
This outcome was a long-awaited victory for Ripple and the entire cryptosphere. The conclusion of the case eliminated one of the main legal uncertainties regarding XRP, which was immediately reflected in its rate: the price of the altcoin increased by 6.2% in 24 hours, reaching $2.31. According to CoinMarketCap, XRP currently has a market cap of $136 billion, making it the fourth-largest digital asset in the world.
Ripple was making steady progress even before the dispute was officially over. The project received serious support from the Donald Trump administration, whose policies the company relied on during the presidential campaign. In April, Ripple acquired the brokerage platform Hidden Road for $1.2 billion, and was also in talks to buy Circle, the issuer of the USDC stablecoin, offering $5 billion. However, the Circle deal did not go through.
The legal end to the dispute also paves the way for XRP to be recognized as a commodity, rather than a security. This is an extremely important step for the regulation and future growth of the asset. If the status is formalized, the chances of spot ETFs based on XRP being approved will increase significantly. According to Polymarket, the probability of such investment instruments appearing by July 2025 is 39%.
Despite the growth that has already occurred, analysts do not rule out further growth in the XRP price in the short term, especially if the SEC supports the launch of the ETF. This could become a new milestone not only for Ripple, but for the entire crypto market.