The long-running XRP lawsuit has officially come to an end after the U.S. Appeals Court approved Ripple and the SEC’s joint motion to dismiss their respective appeals. This decision finally closes the nearly five-year legal battle without the need for any further procedural steps.
XRP’s price reacted positively to the news, climbing over 8% to around $3.10, according to TradingView data. Defense lawyer James Filan confirmed that the Second Circuit Court approved the Joint Stipulation of Dismissal filed by both parties, marking the official conclusion of the case. 
Previously, the SEC, as appellant, and Ripple with executives Chris Larsen and Brad Garlinghouse, as cross-appellants, had filed for dismissal but still required court approval. Ripple will now proceed with paying a $125 million penalty ordered by Judge Analisa Torres, although the company and the SEC had earlier attempted to agree on a reduced $50 million settlement.
The case drew strong reactions across the crypto community. Pro-crypto lawyer John Deaton described it as the “case from hell,” while legal analyst Fred Rispoli emphasized that this truly closes the chapter. With the lawsuit resolved, market watchers expect the SEC to move forward with reviewing XRP ETF applications, with a key deadline set for October 18, particularly regarding Grayscale’s spot XRP fund.
