TL;DR
- Following a few consecutive days of price slides, Ripple’s native token has finally posted an impressive turnaround on a daily scale, gaining nearly 5%.
- This comes amid a growing bullish sentiment among participants, adoption news in the US, and another statement on the SEC-Ripple lawsuit by Garlinghouse.
It was just a few days ago that US District Judge Analisa Torres dealt a blow to Ripple and the SEC, denying their joint motion for a quicker lawsuit resolution once again. In response, XRP’s price slumped by over 3%.
While that price decline might have been anticipated, since the lawsuit technically continues months after Ripple’s CEO Brad Garlinghouse announced that it had effectively ended, what was more surprising was the community’s reaction.
Data shared by Santiment revealed that the crowd became significantly more bullish on XRP following Judge Torres’s decision, with positive comments outnumbering negative ones in the highest manner in over two weeks. Moreover, XRP surpassed BTC and ETH on this metric.
Now, though, this sentiment seems to be paying off as Ripple’s cross-border token has soared by almost 5% in the past 24 hours and has tapped $2.2 for the first time in days. Additionally, XRP is the top performer from the 50 largest altcoins, marking bigger gains than ETH and BTC, both of which are essentially at the same levels as yesterday.
Another possible reason behind the token’s impressive gains today is the adoption news coming from the US. As recently reported, Coinme has added XRP to over 28,000 locations in the country where people can buy and sell the asset with cash.
UPDATE:
Perhaps the most evident reason behind XRP’s sudden surge was a recent statement from Garlinghouse and the company’s CLO, as both said Ripple had decided to drop its cross-appeal in the aforementioned lawsuit. Moreover, they claimed the SEC will do the same.
Ripple is dropping our cross appeal, and the SEC is expected to drop their appeal, as they’ve previously said. We’re closing this chapter once and for all, and focusing on what’s most important – building the Internet of Value. Lock in. https://t.co/ZsRgDfcpLh
— Brad Garlinghouse (@bgarlinghouse) June 27, 2025
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