Could Ripple's Price Surge Now That Its SEC Battle Is Over?

After nearly five years, the legal saga between XRP (CRYPTO: XRP) and the U.S. Securities and Exchange Commission (SEC) has come to a close. Dating back to December 2020, Ripple and the SEC disputed whether XRP was an unregistered security until a federal judge ultimately ruled that it was not in retail transactions. Both sides agreed to end their appeals as they pertain to XRP. In a joint filing with the U.S. Court of Appeals recently, both parties withdrew their court appeals, and Ripple agreed to pay $125 million in fines.For Ripple, this marks a long-awaited closure. The company can disperse XRP without worrying about the SEC breathing down its neck. For investors, there's less risk of trading platforms delisting or suspending XRP, which many did in January 2021 following the initial SEC lawsuit. But does this mean the token is set for a price surge?Image source: Getty Images.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool