XRP Price Breaks Higher as Ripple Settlement Lifts Legal Woes
Posted On May 9, 2025
XRP is trading 8.17% higher on Friday at $2.39, extending its weekly gain to 8% and monthly climb to 30.5%. The rally follows Thursday’s news of a formal settlement agreement between Ripple and the U.S. Securities and Exchange Commission (SEC), a development that could bring final closure to a multiyear legal battle that has loomed over the cryptocurrency.
According to court filings, the SEC and Ripple jointly requested the dissolution of the $125 million civil penalty and injunction stemming from the August 2024 ruling. If approved, Ripple would retain $75 million from the escrowed penalty while paying the remaining $50 million to the SEC. In exchange, both parties would drop their appeals.
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