XRP surges after Ripple CEO Brad Garlinghouse says SEC is dropping its lawsuit against the company
Publishing timestamp: 2025-03-19 14:21:11
Summary
XRP surged after Ripple CEO Brad Garlinghouse announced that the SEC is no longer pursuing its appeal in the case against the payments company. The price of XRP rose by 10% to $2.49. Garlinghouse expressed relief at the decision and criticized the SEC's actions. The development comes as the SEC is working to reverse damage in the crypto industry. XRP, created in 2012, is the native token of the XRP Ledger used by Ripple in its cross-border payments business. Ripple is the largest holder of XRP coins.
Sentiment: MIXED
Keywords: investment strategy, cryptocurrency, technology, markets, bitcoin/usd coin metrics, breaking news: markets, ripple/usd coin metrics, breaking news: investing, business news,