Ripple vs. SEC ends with $125M fine! – Here’s how XRP prices reacted

With all appeals dropped and penalties locked, Ripple turns the page on one of crypto’s most dramatic court showdowns.

Key takeaways

Ripple and the SEC have officially ended their legal battle, locking in a $125 million penalty and banning certain institutional XRP sales. XRP price rallied on the news, driven by legal certainty.

After years of courtroom drama, Ripple [XRP] and the SEC have finally called it quits.

Both sides have dropped their remaining appeals, locking in a $125 million penalty and a ban on certain institutional sales.

But with the legal dust settled, the question now is – will this closure move the needle for XRP?

A final gavel strike in the Ripple-SEC saga

This joint dismissal marks the definitive end of Ripple Labs’ high-profile clash with the U.S. SEC.

In filings with the Second Circuit Court of Appeals, both the SEC and Ripple agreed to withdraw their respective appeals, with each side covering its own legal expenses.

Source: X

This resolution cements the $125 million penalty and the injunction on certain institutional XRP sales, closing the loop on U.S. District Judge Analisa Torres’ 2023 landmark ruling.

In that decision, Torres drew a clear line: XRP’s open market sales didn’t require registration, but sales to institutional investors did.

While the verdict had already clarified Ripple’s standing in the market, the official dismissal now turns the page on one of crypto’s longest-running legal battles.

Appeals fizzle, original penalty stands

Both Ripple and the SEC had unresolved issues following Judge Analisa Torres’ 2023 ruling. The SEC sought to overturn unfavorable portions of the decision, while Ripple contested the $125 million penalty and the injunction on institutional sales.

In June, a pivotal moment occurred when Judge Torres denied their joint request for an “indicative ruling”, a step that could have led to a negotiated settlement.

The motion aimed to dissolve the injunction and reduce Ripple’s penalty by more than half, potentially avoiding the appeals process.

However, Judge Torres rejected the motion outright and ordered the clerk to close it, forcing both parties into full appellate proceedings.

Now, in the latest filing, both Ripple and the SEC have dropped their appeals, leaving the original penalty and injunction in place. The escrowed funds will soon be transferred to the U.S. Treasury, marking the financial closure of the case.

XRP holds gains but momentum cools

Following its sharp rally on the back of the legal closure, XRP was consolidating around the $3.34 level at press time.

The 9 and 21 period EMAs remained in a bullish alignment, suggesting underlying strength, while the RSI at 71 showed slightly overbought conditions.

Source: TradingView

The MACD remained positive, but the fading histogram bars suggest momentum is slowing.

Price action showed that bulls were still in control, though the upward push has lost steam, likely due to profit-taking after the recent surge.

If buying interest stays strong above the $3.30 support zone, XRP could make another move higher in the short term.

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