
With the four-year-long contentious legal battle between Ripple Labs and the Securities and Exchange Commission (SEC) finally over, optimism in the growth potential of XRP XRP/USD could increase by leaps and bounds.
What happened: The legal resolution, confirmed by Ripple CEO Brad Garlinghouse on Wednesday, drove XRP over 7% higher, while its Open Interest surged 17% over the previous day, reflecting heightened speculation for the $10 billion-worth coin.
The dispute, which began in December 2020 with the SEC asserting that XRP was an unregistered security, finished with a decision that partially favored Ripple, affirming that the sale of XRP to individual investors didn’t violate any laws.
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During these four years, the coin endured the ups and downs of the market, with the uncertainty testing the resolve of optimists.
The agency sued Ripple on Dec. 22, 2020, sending XRP down 13% to $0.448. Assume you invested $1,000 even after this significant bearish trigger. You would have received 2232.14 units of XRP.
Cut to today when the charges have been dropped. XRP was trading at $2.45 per unit, meaning the original investment would have turned $5468.75, netting a massive 446% return in just under four and a half years.
Investing in an asset during its worst times is a test of long-term conviction. While resilient investors have benefited, those eyeing entry now could monitor fundamental developments and technical levels to make their choice.
The bull case for XRP in 2025 is $5.81, while the bearish prediction was $2.05.
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