XRP Drops Below ₱58 ($1) Despite Ripple's ₱2.88 billion ($50 million) SEC Settlement
Despite Ripple CEO Brad Garlinghouse calling the SEC's decision to end its appeal a "resounding victory," XRP is now trading in the mid-$1 region, below major moving averages and forming lower highs.
Key Takeaway
Ripple won its legal battle but XRP lost market momentum, now stuck below $1 despite regulatory clarity.
Ripple CEO Brad Garlinghouse called the SEC's decision to end its appeal a "resounding victory" and "long overdue surrender" by the regulator. But XRP is now trading below major moving averages and forming a pattern of lower highs.
The SEC originally fined Ripple ₱7.21 billion ($125 million) in 2023, but the company later returned or waived ₱4.32 billion ($75 million) as part of a settlement that reduced the penalty to ₱2.88 billion ($50 million). Judge Analisa Torres ruled in July 2023 that XRP sales on public exchanges were not securities, but institutional sales violated securities law.
The Second Circuit Court of Appeals finalized the settlement on August 22, 2025. Under the agreement, Ripple faces five years of compliance obligations and SEC oversight that won't end until 2029.
Not everyone at the SEC agreed with the deal. SEC Commissioner Caroline Crenshaw opposed the settlement, warning it "undermines the court's injunction and civil penalty, allowing Ripple to potentially sell unregistered XRP to institutions without enforcement."
The SEC waived Ripple's "bad actor" disqualification under Regulation D on August 8, restoring the company's ability to raise capital. The lawsuit began in December 2020.
This article was written based on reporting from U.Today.
