XRP Rises 5% Following Ripples Decision to Withdraw Counter Appeal in SEC Lawsuit

Ripple is set to withdraw its counter-appeal in the ongoing legal battle with the U.S. Securities and Exchange Commission (SEC), as announced by the company’s CEO, Brad Garlinghouse.

Garlinghouse stated that the regulator has shown a willingness to take a reciprocal step, potentially ending the prolonged litigation.

«We are closing this chapter once and for all and focusing on what truly matters — building the internet of value. Buckle up,» Garlinghouse wrote.

In December 2020, the SEC accused Ripple of selling unregistered securities in the form of XRP tokens worth $1.3 billion. This case has been one of the most talked-about in the industry.

In July 2023, Judge Analisa Torres issued a partial ruling in favor of Ripple.

By August 2024, she imposed a $125 million fine on the company as part of the case, along with a directive to avoid future violations of securities laws.

In June 2025, Torres denied a joint motion from both parties to reduce the financial penalties and lift the prohibitions.

The mutual withdrawal of appeals by Ripple and the SEC will uphold the terms of the final court order. Company legal counsel Stuart Alderoty emphasized that the proceedings confirmed XRP’s status as a non-security.

Following Garlinghouse’s announcement about the cessation of the lawsuit, the token’s price surged approximately 5% to $2.2 within 24 hours. During this period, the overall cryptocurrency market cap decreased by about 1.5%.

Additionally, Ripple recently announced plans to enhance the XRP Ledger with more programmable features «in the spirit of Ethereum.»