SEC Drops Ripple Lawsuit: XRP Soars 10%! Can XRP Surge to $30?

The Ripple CEO called attention to his criticism of the XRP selling; he even suggested that it would be reduced. In an interview, he countered the ill-informed allegations and insinuations by detractors against Ripple. The SEC has pulled back its appeal in the Ripple v. SEC case, which further provided clearer regulatory oversight. All this would create a path forward for growth for Ripple, especially with this goal of moving Ripple USD into the top 5 before the close of the year. This decision by the SEC is one of the biggest wins for Ripple and potentially can, therefore, positively increase investor confidence in XRP sales, indirectly affecting the entire cryptocurrency space.

Ripple Secures Major Victory as SEC Drops Appeal in Ripple vs SEC Lawsuit

CEO Brad Garlinghouse announced the SEC’s withdrawal of its anticipated appeal against Ripple in the Ripple vs SEC battle, thus creating positive conditions for Ripple. Ripple achieved a major legal victory after the SEC decided to stop pursuing its appeal in the Ripple v SEC lawsuit that started in December 2020. The U.S. District Court decision under Judge Analisa Torres found XRP not to be a security during retail transactions but declared it an unregistered security in sales directed at institutional investors which led to only limited success for Ripple.

With the SEC’s decision to abandon the appeal, Ripple now stands clear from the view of regulators, which in turn breeds investor confidence in XRP. Accordingly, the XRP price spiked more than 10%, meaning renewed hope for the future of the token. Garlinghouse said that this was a “resounding victory” not only for Ripple but for the entire cryptocurrency sector. The resolution of the Ripple vs SEC lawsuit sets a precedent for other digital assets under regulatory scrutiny and could maximize the impact that shapes the future of cryptocurrency. With that certainty, Ripple is looking to scale up its business operations, including pushing Ripple USD into the top 5 by year-end.

XRP Price Prediction

Currently, XRP is trading at $2.50, following positive news about the SEC dropping the appeal in the Ripple vs SEC lawsuit. The price has got resistance tested at around $2.35 after breaking out, and if the $2.43 support holds, then another try towards $2.65 is possible. Otherwise, a failure to hold this level could see prices drop towards $2.40. The RSI shows a moderate bull momentum but tends to approach the overbought area. The MACD has recently shown multiple crossovers, which would indicate a possible strong move or vice versa. 

Chart 1, analysed by anushrivarshney2613, published on TradingView, March 20, 2025

The traders should monitor key levels: above $2.60 could mean confirmation of more upside; below $2.45 could entail more moves to the downside. The analysis is post-dollar news, so it has high volatility, and the market is looking to cool off.

What’s Next For Ripple?

XRP is bullish after the SEC dropped its appeal in the Ripple vs SEC lawsuit, as seen in the 5-minute Binance chart, currently consolidating around $2.50. The technical indicators provide some key levels to watch: $2.60 is immediate resistance, while $2.43 is critical support. 

The long-term XRP price prediction is significantly affected due to this news, thus removing an important blocker and figuratively making way for institutional investments along with greater growth. However, this is the aspect that does not bode well for making predictions in the 5-minute timeframe. The bullish scenario might see XRP sales retest the previous highs beyond the $2.60 resistance, while failure to hold $2.43 means a pullback.