XRP Surge: CEO Eyes Victory as SEC Showdown Nears End

Ripple’s future brightens amid ongoing legal battle resolution.

XRP is showing renewed momentum as the protracted legal dispute between Ripple and the U.S. Securities and Exchange Commission (SEC) enters its final stages. Ripple CEO **Brad Garlinghouse** is leveraging this moment to reflect on the case’s impact and the digital asset’s market standing.

XRP’s Stumble and Recovery

Before the SEC’s intervention, XRP held a strong second position in the cryptocurrency market, trailing only Bitcoin. According to **Garlinghouse**, the legal proceedings, which began in 2020, significantly impacted XRP’s value and market confidence, leading to its delisting from major trading platforms.

On the heels of major developments in the SEC vs. Ripple case, Ripple CEO @bgarlinghouse shares his thoughts on the XRP community’s resilience and the path forward. pic.twitter.com/eQ8l0wXJv4

— U.Today (@u_today) May 29, 2024

The SEC’s initial accusation that Ripple unlawfully sold securities created years of market uncertainty. While a 2023 ruling by Judge **Analisa Torres** clarified that programmatic XRP sales are not securities, certain institutional sales were deemed problematic. Ripple recently withdrew its counter-claims, with the SEC expected to follow suit.

Optimism for XRP’s Rebound

This legal progress appears to be invigorating the market for XRP. The digital asset recently saw a price increase of over 8 percent, with a noticeable uptick in activity from significant investors. Crypto analytics firm Santiment reported a surge in daily active addresses for XRP in late May, indicating increased network engagement.

“I believe we will eventually win. Our community has stayed despite everything.”

—Brad Garlinghouse, CEO of Ripple

The Ripple CEO expressed a militant outlook, confident in an eventual victory and commending the unwavering support of the XRP community. With the legal case nearing its conclusion and a clearer regulatory environment on the horizon, the stage may be set for XRP’s market resurgence.

While it remains to be seen if XRP will regain its former second-place standing, confidence in the asset has significantly improved. Investors are now contemplating whether 2025 will usher in a new bull run for XRP or if recent gains represent the peak of its recovery.