Key Takeaways:
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- XRP rose 0.7% to $2.51 on Thursday, following a 9% rally after Ripple’s legal victory against the SEC.
- The SEC dropped its four-year case against Ripple, removing a major regulatory overhang for the cryptocurrency.
- Ripple CEO Brad Garlinghouse expects an XRP exchange-traded fund (ETF) to be approved this year, further boosting investor sentiment.
- President Trump pledged to make the U.S. a global crypto leader, signaling regulatory support for the industry.
What Happened?
XRP, the cryptocurrency used on Ripple Labs’ digital payments platform, continued its upward momentum on Thursday, rising 0.7% to $2.51. This follows a 9% surge on Wednesday after Ripple CEO Brad Garlinghouse announced that the SEC had dropped its long-standing lawsuit against the company. The legal battle, which lasted over four years, had cast a shadow over Ripple and XRP, creating uncertainty for investors.
The SEC’s decision to drop the case comes at a time when XRP is gaining broader recognition. Earlier this month, President Donald Trump named XRP as a potential addition to the U.S. government’s crypto reserves. Ripple’s CEO also expressed optimism about the approval of an XRP exchange-traded fund (ETF) in 2025, which could further legitimize the token and attract institutional investors.
Why It Matters?
Ripple’s victory against the SEC is a significant milestone for the cryptocurrency industry, as it sets a precedent for how digital assets are regulated in the U.S. The resolution of the case removes a major regulatory hurdle for XRP, potentially opening the door for broader adoption and institutional investment.
President Trump’s remarks at the Digital Asset Summit 2025 further underscore the administration’s pro-crypto stance. By pledging to make the U.S. the “crypto capital of the world” and calling for a supportive legal framework, Trump’s administration is signaling a shift toward fostering innovation in the digital asset space. This could benefit not only XRP but the broader cryptocurrency market, as regulatory clarity encourages participation from both retail and institutional investors.
What’s Next?
XRP’s price trajectory will depend on several key developments, including the potential approval of an XRP ETF and broader adoption of Ripple’s payment platform. Investors should also watch for further regulatory actions or legislation that could impact the crypto market.
President Trump’s pro-crypto policies could accelerate the growth of the U.S. digital asset industry, but the implementation of a clear legal framework will be critical. As the U.S. positions itself as a global leader in crypto, Ripple and XRP are well-placed to benefit from this momentum.
