BREAKING: SEC Withdraws XRP Appeal — $3.5 Ripple Price Surge Ahead?

Today, April 11, we have an important XRP news as we get a long-awaited update on the XRP SEC case. Yesterday, April 10, was an important day for XRP as the closed-door SEC meeting was happening. As it stands, SEC members have made their decision and are moving to dismiss their appeal. Additionally, with a bullish trajectory, XRP has continued to trade around the $2 price point. Additionally, we have a bullish XRP price prediction today. 

Is the Ripple SEC Lawsuit Finally Coming to an End?

After both the Ripple and the SEC filed a joint motion on April 10, US defense attorney James Filan shared the filings. He also commented on this development and further explained what is happening in the XRP SEC lawsuit. “The parties have filed a joint motion to hold the appeal in abeyance based on the parties’ agreement to settle. The settlement is awaiting Commission approval. No brief will be filed on April 16th.” This was long overdue as Ripple had an April 16 deadline to submit its reply to the SEC appeal.

What does Ripple’s Joint Withdrawal of Appeals Mean?

A joint withdrawal of appeals was announced last month by the Ripple CEO, Brad Garlinghouse and CLO Stuart Alderoty. Morgan also commented on this development, expressing excitement about the delayed development. He also mentioned that the SEC has officially acknowledged the settlement. Moreover, he stated that he was excited to see what the SEC’s request would be from Judge Torres. “Finally. The parties had to do something before the Ripple brief was due on 16 April. At least we now have a public acknowledgment by the SEC of the settlement. Interested to see what indicative ruling will be sought from Judge Torres.”

This also happened on the same day, when a new SEC head, Paul Atkins, gained Senate approval. As such, this could be affecting the SEC’s decision to withdraw its appeal related to Ripple. We also had awesome comments from Marc Fagel, the former SEC lawyer. He believes that the SEC has delayed the decision to have Atkins as the chair when voting. However, because of the April 16 deadline, they had to work faster for an answer. This is because of the fear that things could go wrong in a short time frame.

Could XRP Surge to $3.5 After a Positive Court Ruling?

Fagel also explained that now only Judge Torris has the power to decide what will happen to the rulings. “I interpret the language as meaning the (tentative) settlement makes dismissal of the appeal contingent on Torres revisiting the injunction order. If she says no, does the appeal and/or cross-appeal go forward? Maybe!” As such, it is unclear when we will see the end of the XRP SEC lawsuit. This delay could negatively affect the XRP value as well; however, we have a bullish XRP price prediction, which presents hope.

Chart 1 – Provided by TradingView, published on TradingView, April 11 2025

Based on Chart 1, if we could get more positive fundamental developments, XRP could rally to $3. Such positive XRP news could include the official withdrawal of the SEC from the legal battle. A confirmation from Judge Torris on the dismissal of the XRP SEC case could also help. Moreover, if these coincide with positive global economic news like easing trade war, the XRP price prediction is $3.5.

Is XRP Set for a Breakout After These Major Developments?

We also have had other positive ripple developments this week, which could also help the long-term value of XRP. Ripple Labs acquired the Hidden Road broker platform, showing active movement towards further expansion. Additionally, we also saw the launch of the first-ever XRP ETF in the US. As such, the future of XRP seems to be bright.