According to CNBC, XRP jumped 10% to $2.49 after Ripple CEO Brad Garlinghouse announced that the U.S. Securities and Exchange Commission (SEC) has dropped its case against the company. This decision marks the end of a four-year legal battle that has shaped the industry’s regulatory landscape and fueled speculation about a broader shift in the SEC’s approach.

With regulatory clarity emerging and multiple ETF applications already filed, prediction markets now show 82% odds of XRP fund approval in 2025.

The SEC recently dropped its yearslong lawsuit against Ripple, the financial technology company that developed the XRP blockchain. Ripple uses XRP to provide fast and cheap cross-border payments solutions to banks and other financial institutions.