Ripple’s Legal Exit Sends XRP Flying, But Will It Hold the Gains?

• XRP price jumped after Ripple withdrew its cross-appeal against the SEC
• CEO Brad Garlinghouse called it the end of Ripple’s long legal fight
• Technical signals hint at a bullish rebound after this healthy correction

XRP saw a 3.2% price jump in the last 24 hours and this increase came after Ripple announced it was withdrawing its cross-appeal in the long-running legal battle with the U.S. Securities and Exchange Commission (SEC). The move, which effectively ends one of the crypto industry’s most-watched court cases, pushed the token to its current price of $2.18 as investors cheered the news.

Ripple CEO Brad Garlinghouse confirmed the news on social media, saying, “We’re closing this chapter once and for all and focusing on what’s most important – building the Internet of Value.” The SEC is also expected to withdraw its appeal soon, effectively bringing an end to one of the crypto industry’s most closely watched court cases.

Meanwhile, Ripple’s Chief Legal Officer Stuart Alderoty said the company is satisfied with where things stand legally. “The court gave us two options: dismiss the appeal or move forward. Either way, XRP’s legal sta…

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