XRP Price Soars 11.50% After Conclusion of Four-Year Lawsuit Between Ripple and the SEC

Following this week's conclusion of the four-year-long lawsuit between Ripple and the Securities and Exchange Commission, XRP experienced a surge in trading volume

After a four-year-long lawsuit, the Securities and Exchange Commission and Ripple have finally settled their dispute. This had a huge impact on XRP, causing a 10.38% surge in just one hour after the news broke.

As reported by CoinMarketCap, the asset’s value soared by 11.50% to reach $2.38. Prior to this, XRP had been dreading the $2.20 zone.

Following the news of the lawsuit’s conclusion, the altcoin’s market capitalization also saw a boost, going from $129 billion to over $147 billion in just a couple of days.

The implications of the lawsuit’s end have driven a sharp increase in XRP’s value and sparked interest among investors.

After a long battle in court, the SEC and Ripple have reached a settlement, putting an end to the lawsuit that began in December 2020. The agency sued Ripple for allegedly conducting an unregistered securities offering with its XRP token.

This lawsuit had a significant impact on the crypto market, and its resolution has now brought relief to investors.

Despite claims of a record-breaking surge in XRP network activity with nearly 627,000 active addresses on March 21st by social media analyst Ali Martinez, on-chain data from TheBlock shows otherwise.

According to the analysis, active addresses actually fell to 11,180 on that date.

While the resolution of Ripple’s lawsuit has positively impacted XRP’s market value and sparked interest among investors, the reported surge in network activity appears to have been exaggerated.

This highlights the importance of verifying data and considering multiple perspectives when analyzing blockchain dynamics.

Why Isn’t XRP Growing as Fast As Many Anticipated?

Despite the lawsuit’s resolution, XRP’s price growth has been less dramatic than many expected. This muted reaction can be attributed to anticipatory trading, where markets often price in outcomes before official announcements. In this case, the favorable lawsuit conclusion had already been largely factored into XRP’s earlier price movements.

Since its initial peak of excitement following the announcement, XRP has lost 7%, though it has managed a modest 0.77% increase over the last 7 days, signaling some sustained interest.

Moving forward, an “SEC-free” XRP will likely become far less volatile due to the relieved pressure of being on the crosshair of the Securities and Exchange Commission.

Looking ahead, any significant growth in XRP could occur more gradually, driven by Ripple’s strategic expansion plans. With the lawsuit behind them, Ripple is now focusing on acquisitions to strengthen its foothold in the blockchain industry. CEO Brad Garlinghouse emphasized the company’s intention to consolidate its position as a leader in blockchain payments, tokenization, and crypto custody services.

This strategic approach indicates a long-term vision for Ripple’s ecosystem, with advancements in areas like custody services and payment solutions expected to further integrate blockchain technology into mainstream finance.