The dry and undulation officially ended their legal dispute after almost five years of back and forth. The two parties agreed to reject the remaining appeal on August 7, officially putting one of the most publicized crypto prosecution to date.
This concludes the debate on the question of whether XRP is security – at least in terms of programmatic sales. The court had already judged in 2023 that XRP was not a guarantee when it was sold to the public on exchanges. This decision is now without any other call.
This decision also signals the end of an era defined by Gary Gensler “Application regulation” approach. Although no one in the SEC has openly commented on the closure, it is clear that the grip of the agency on the crypto can be loosened.
After the news, XRP jumped over 10% And is now negotiated about $ 3.32. Speculation has already started around a possible XRP spot. Eric Balchunas De Bloomberg estimates that the approval rate is 95%, while the polymarket indicates 89%. Blackrock has not yet deposited, but many people think it will happen soon.
Meanwhile, Bitcoin increased to $ 117,484, widely motivated by new entries in the Bitcoin ETF (negotiated funds on the stock market), which show increasing confidence in investors. At the same time, weaker American employment data suggest that the economy slows down, which often leads people to invest in assets like Bitcoin as a cover. If this trend continues, Bitcoin could soon exceed its preceding $ 122,000 summit.
Conclusion
With the Ripple case behind us, Crypto finally feels like taking a break. XRP could see more on the rise if an ETF comes into play. And as Bitcoin is gaining ground, investors seem cautiously full of hope. After years of legal fighting and regulatory uncertainty, it could well be the cleanest of crypto to stability.
