XRP Price Surges 8% As Ripple vs SEC Officially Ends; Next Stop $3?

The post XRP Price Surges 8% As Ripple vs SEC Officially Ends; Next Stop $3? appeared first on Coinpedia Fintech News

The wait is finally over for the XRP community. Ripple and the US Securities and Exchange Commission (SEC) have officially settled their long-running legal battle. Following this announcement, XRP’s price surged by 8%, reaching $2.31.

What Happened?

After years of courtroom drama, both Ripple and the SEC filed a joint motion in the US District Court for the Southern District of New York, confirming that they’ve reached a settlement. As part of the agreement:

• Ripple will pay $50 million to the SEC.
  
• Another $125 million, currently held in escrow, will be released — with a portion going to Ripple.

Crypto experts and XRP supporters believe this is a game-changing moment for the entire financial system. Now that the legal battle is behind it, XRP can more easily be adopted by banks, financial institutions, and investors without the cloud of uncertainty hanging over it.

Legal experts like James K. Filan, a former federal prosecutor, called this moment “huge,” while XRP community leaders celebrated the victory, reminding everyone about the ups and downs of the crypto journey.

Will XRP Price Hit $3?

XRP saw a strong and unexpected breakout, pushing above the key levels. The breakout above $2.17 is important because it shows that buyers are stepping in again. If this level continues to hold, XRP is likely back in its previous trading range — and from here, the next price target could be breaking $2.30 with confirmation. If momentum continues and Bitcoin also remains strong, XRP could even push beyond that toward $2.40 and higher in the coming days or weeks. Experts also predict that XRP could soon climb above the $3 level.