Ripple’s native cryptocurrency, XRP, has surged over 11% following a critical statement from Ripple CEO Brad Garlinghouse. In a major development, Garlinghouse confirmed that the U.S. Securities and Exchange Commission (SEC) will drop its appeal in the ongoing Ripple vs. SEC case. This revelation has sparked optimism in the XRP community, propelling the token’s price to a high of $2.5655 before stabilizing at $2.44, marking a 6.74% daily increase.
Legal Expert Highlights XRP’s Outperformance
Renowned legal expert Bill Morgan weighed in on XRP’s price action, emphasizing its remarkable performance despite Bitcoin’s ongoing bearish trend. While Bitcoin struggles to gain momentum, fluctuating around $85,000, XRP has managed to defy market expectations, exhibiting strong bullish sentiment.
At least XRP went up 11% with the good news that the SEC will not pursue the appeal against ripple unlike bitcoin which fell sharply on the news of a bitcoin US strategic reserve. XRP has even dragged bitcoin up in price. XRP is out performing bitcoin across multiple time… https://t.co/fnweHHA14N pic.twitter.com/J2SN4BtsQK
— bill morgan (@Belisarius2020) March 20, 2025
“XRP is outperforming Bitcoin across multiple time intervals,” Morgan stated, highlighting the stark contrast between Ripple’s rally and Bitcoin’s stagnation. The legal victory has significantly boosted investor confidence, positioning XRP as a dominant player in the crypto market.
Why is XRP Rallying?
The XRP price surge is directly linked to the SEC’s decision to withdraw its appeal, a move celebrated as a resounding victory for Ripple and the broader crypto industry. Garlinghouse took to X (formerly Twitter) to announce:
“This is it – the moment we’ve been waiting for. The SEC will drop its appeal – a resounding victory for Ripple, for crypto, every way you look at it. The future is bright. Let’s build.”
Market sentiment turned overwhelmingly positive following this announcement, leading to a price rally that even impacted Bitcoin, pushing it up to $87,427.
XRP vs. Bitcoin: What’s Next?
Despite Bitcoin’s recent slump, XRP’s bullish trajectory has drawn attention from analysts. Technical analyst Gert van Lagen predicts XRP could hit $38 in a parabolic rally, while another expert, ALLINCRYPTO, sees a near-term target of $19, anticipating a broader bull run in 2025.
Moreover, Egrag Crypto’s analysis underscores XRP’s stellar performance, with a 543.6% return over two years, significantly outpacing Bitcoin and Ethereum.
Also Read: XRP Gears Up for a Major Breakout to $3 – Key Levels to Watch
With a favorable legal outcome and strong market momentum, XRP’s bullish streak may be far from over.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.
I’m a crypto enthusiast with a background in finance. I’m fascinated by the potential of crypto to disrupt traditional financial systems. I’m always on the lookout for new and innovative projects in the space. I believe that crypto has the potential to create a more equitable and inclusive financial system.
