Joint Request to Suspend Ripple and SEC File Appeals: XRP Surges Over $2

Ripple Labs (XRP) and the U.S. Securities and Exchange Commission (SEC) have filed a joint complaint for 60 days to suspend appeals and cross appeals, bringing the long-term Saga closer to an official settlement.

The joint complaint noted that Ripple and the SEC had retained approval from the SEC and agreed to the principles while pending approval from the SEC to resolve legal disputes, including the subsequent cross-disputes between the SEC and Ripple.

just:

We appeal to finalize a settlement to suspend joint claims with the US SEC for RIPPLE files

$ Prepare for xrp pic.twitter.com/mwry1nqvtw

-Amonyx (@amonbuy) April 11, 2025

Ripple’s nearly five years of legal battle with the SEC has finally come to an end

A submission from yesterday (April 10) stated that “protests save judicial and party resources, and the parties continue to pursue negotiated resolutions on the issue.”

Second vs Ripple Labs was the most prominent legal dispute in the history of the code. It has been going on for nearly five years when regulators sued Ripple in December 2020 for selling XRP tokens.

This incident has always attracted a lot of attention in the public eye for the past five years. The main discussion is always focused on whether XRP, the native ripple token, should be considered financially secure.

After years of delays, the incident has brought about a major change in Ripple’s favor, following Donald Trump’s victory in the US presidential election. Since Trump took office in January 2025, the SEC has taken a more favorable stance on digital assets.

Since the beginning of the year, the SEC has dropped lawsuits against several crypto companies, including Coinbase, Uniswap and Kraken.

The question of whether digital assets are securities is at the heart of many SEC litigation, but the institution’s new leadership is solidified to work to identify cryptocurrencies that are not.

The SEC announced last month that the meme coins are not securities. He emphasized that those who act illegally or commit fraud remain liable for the full power of the law brought against them.

Breaking News: The SEC shared simple rules about how crypto companies should follow US laws and what they must tell the public. $ xrp pic.twitter.com/wvfujc4t1i

– Brett (@brett_crypto_x) April 11, 2025

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XRP turns green after SEC news and Ripple pauses charm

XRP, the native token of Ripple Labs, rose by around 4% from its lowest price of $1.92 yesterday to its current price of $2.01 per Coingecko, surpassing $2.01 on SEC News.

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XRP surged more than 500% after the original news broke that the SEC had cut off the lawsuit against Ripple in November 2024, moving from $0.5 to $3.31 in January 2025.

The news is that the Ripple community has been waiting for nearly five years, and the XRP price explosion was monumental. For years, XRP holders believed that SEC’s revenge against Ripple was curbing prices, but many believed that it was a $100 token if there were no legal issues.

To match SEC payment news, XRP also appears to be the next Altcoin with a spot ETF list. As of April 8, 11 asset managers have applied for the Spot XRP ETF list. These include Bitwise, 21Share, Grayscale and Franklin Templeton.

There was fear that XRP would struggle to hold the $2 dollar level as if it had been lost. There was no significant support up to $1. Currently, $2 is stable, with multiple bullish catalysts trying to push it towards an all-time high of $3.3.

(Coingecko)

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Joint Request for Postripple and SEC Files to Suspend Appeals: XRP first appeared at 99 Bitcoin, over $2.