title: XRP Price Surged 12% After the SEC Dropped Its Appeal

On Wednesday, March 19th, the XRP price recorded a 12% surge to trade at $2.5. This uptick followed Ripple CEO, Brad Garlinghouse's announcement that the U.S.

The U.S. Securities and Exchange Commission has dropped its appeal in the case against blockchain company Ripple over XRP sales, reports Bloomberg.

The U.S. Securities and Exchange Commission has dropped its appeal in the case against blockchain company Ripple over XRP sales, reports Bloomberg.

The news was announced by Ripple CEO, Brad Garlinghouse, who described it as a victory for the company, the cryptocurrency industry, and the broader market.

The news was announced by Ripple CEO, Brad Garlinghouse, who described it as a victory for the company, the cryptocurrency industry, and the broader market.

The agency had sued Ripple in December 2020, claiming that the company sold XRP as an unregistered security and raised over $1.3 billion from investors. A judge ruled in July that the SEC’s claims were partially successful.

The court ruled that XRP is not a security in retail transactions but found that the SEC’s actions were not "arbitrary, capricious, an abuse of discretion, or otherwise unlawful.”

The judge also imposed a $125 million fine on Ripple and banned institutional sales of XRP in 2024. The SEC appealed this decision in early 2025.

However, in a surprising turn of events, the agency has now decided to drop the appeal, signaling that the case may finally be coming to an end.

This move should clear legal uncertainty around Ripple attracting demand pressure from institutional and retail investors.

This move should clear legal uncertainty around Ripple attracting demand pressure from institutional and retail investors.

Is The Legal Battle Between Ripple And Sec Really Over?

According to a recent report by Blockավيس, the SEC has agreed to drop the appeal regarding the programmatic/secondary market sales but Ripple has not yet agreed to abandon its appeal against the $125 million fine and the ongoing injunction that restricts the company from selling $XRP to institutional investors without registering those sales as securities.

So the ball is now in Ripple’s court, as it is technically considered a plaintiff rather than a defendant. Ripple has the option to continue appealing the fine and injunction, or to drop it.

This adds another layer of complexity to the outcome, as the company may choose to fight against the regulatory actions on the aforementioned fronts.

This adds another layer of complexity to the outcome, as the company may choose to fight against the regulatory actions on the aforementioned fronts.