Ripple’s Wild Ride: SEC Bows Out, XRP Takes Off Like a Rocket! 🚀

by

Oh, what a jolly good day it is! The US Securities and Exchange Commission (SEC), that grumpy old giant of finance, has finally decided to drop its lawsuit against the cheeky little fintech firm Ripple! After four long years of legal wrangling that made even the most patient of tortoises tap their feet in frustration, the crypto world can finally breathe a sigh of relief! 🎉

Ripple’s Dazzling Triumph

In a tweet that could make a snail dance, Ripple’s CEO, the ever-enthusiastic Brad Garlinghouse, announced the delightful news on March 19, declaring, “I’m finally able to announce that this case has ended. It’s over!” Well, isn’t that just peachy? 🍑

This is it – the moment we’ve been waiting for! The SEC will drop its appeal – a resounding victory for Ripple, for crypto, every way you look at it. The future is bright. Let’s build!

— Brad Garlinghouse (@bgarlinghouse) March 19, 2025

Now, let’s rewind to 2020, when the SEC decided to play the villain, accusing Ripple of selling its XRP token like a dodgy car salesman at a used car lot. Garlinghouse called it “the first major shot fired in the war on crypto,” which, let’s be honest, sounds like a rather dramatic movie title, doesn’t it? 🎬

But fear not! Ripple fought back like a brave knight in shining armor, proving that XRP is not a security. “That is now the law,” Garlinghouse emphasized, waving his legal sword triumphantly! ⚔️

Ripple CEO Brad Garlinghouse said: The SEC will drop its appeal. The case dates back to December 2020, when the SEC accused Ripple of selling XRP as an unregistered security. Ripple even pledged to donate $5 million in XRP to President Donald Trump’s inauguration fund. How generous! 🎩

— Wu Blockchain (@WuBlockchain) March 19, 2025

Garlinghouse didn’t hold back, calling out the SEC under Chairman Gary Gensler for targeting the entire crypto industry with arguments so flimsy they could be blown away by a gentle breeze. 🌬️

In a twist worthy of a fairy tale, the SEC faced judicial scrutiny and was even given a stern talking-to by the judge for not being “faithful to the law.” Oh dear, what a pickle! 🥒

Garlinghouse sees this legal victory as a turning point for the entire crypto kingdom. With Donald Trump’s pro-crypto officials taking the stage, it seems the tides are turning, and legislators are finally showing interest in making the rules clearer for cryptocurrencies. Could the US become “the crypto capital of the world”? Only time will tell! ⏳

XRP Price Analysis and Market Data

And what’s this? The end of the lawsuit has sent shockwaves through the market! XRP derivatives volume soared by a whopping 92.80% to $9.28 billion! Talk about a party! 🎈

XRP Options volume skyrocketed by 130.58% to $2.58K, while Options Open Interest increased by 42.05% to $566.46K. Investors are back in the game, and they’re feeling confident! 💪

Watch out! @santimentfeed data shows no big buys from whales in this $XRP pump. However, open interest jumped by $200 million, hinting at a leverage-fueled surge. Hold onto your hats! 🎩

— Ali (@ali_charts) March 19, 2025

The price of XRP has shot up like a rocket, reaching a high of approximately $2.59 before doing a little dance and retracing slightly. CoinMarketCap recorded a 13% increase in the past day, with the altcoin trading at $2.52 at press time. What a rollercoaster! 🎢

Read More

2025-03-19 23:55