XRP Outperforms Other Major Altcoins as SEC Drops Ripple Case

TL;DR

• XRP surged by 10% on Wednesday to hit $2.55.

• The rally comes after the U.S. SEC officially dropped its case against Ripple.

XRP Surges Above $2.5 as SEC Ends Ripple Case

XRP, Ripple’s native coin, was the best performer among the top 10 cryptocurrencies by market cap on Wednesday. The coin added 10% to its value to hit a weekly high of $2.55.

However, XRP has slightly retraced and now trades at $2.46 per coin. Yesterday’s rally comes after the United States Securities and Exchange Commission (SEC) officially ended its case against Ripple. 

Ripple CEO Brad Garlinghouse celebrated this latest development in an X post. The SEC filed a lawsuit against Ripple in 2020, claiming that the company raised $1.3 billion via unregistered securities sales of its XRP tokens.

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. pic.twitter.com/7WsD0C92Cm

— Brad Garlinghouse (@bgarlinghouse) March 19, 2025

in 2023, U.S. Judge Analisa Torres ruled that while the company violated federal securities law with institutional sales, the programmatic sales of tokens to retail exchanges did not violate the law. This ruling was considered a partial victory for Ripple at the time. The company was slapped with a $125 million fine in August 2024.

The SEC has recently ended its investigations into several cryptocurrency companies, including Uniswap, Robinhood, MetaMask, and Coinbase.