# XRP Price Jumps 3% as Ripple Drops SEC Cross-Appeal

**Published:** 2026-09-02T09:56:05.878Z  
**Topic:** Ripple Xrp  
**Sentiment:** neutral  
**Publisher:** TrendWatcher — https://www.trendwatcher.in/article/8bcc7678-0a07-4a8a-b88c-5f4aa7d05a36

XRP rose 3% to $2.18 after Ripple CEO Brad Garlinghouse announced the firm is dropping its cross-appeal against the SEC, signaling a potential legal end.

XRP climbed 3.36% to $2.18 on Friday, reacting to Ripple Labs CEO Brad Garlinghouse’s announcement that the company is abandoning its cross-appeal against the U.S. Securities and Exchange Commission (SEC) [1]. The move marks a significant pivot in a four-year legal battle that began in December 2020, when the regulator first alleged the firm raised $1.3 billion through unregistered securities sales [1].

| At a glance | |
|---|---|
| Price | $2.18 |
| 24h Change | +3.36% |
| Catalyst | Withdrawal of SEC cross-appeal |
| Legal Status | Unchanged (non-security) |

## Legal shift and market reaction
The price action followed a statement from Garlinghouse on X, where he declared the company is "closing this chapter once and for all" [1]. The decision to drop the cross-appeal comes just one day after a U.S. district court denied a joint motion from both parties that sought to reduce a $125 million civil penalty and reverse an order regarding institutional sales [1]. While the court granted the SEC’s request for an injunction, citing concerns that Ripple’s conduct showed a willingness to "push the boundaries" of previous orders, the company maintains that the legal status of XRP remains unchanged [1].

Ripple’s chief legal officer, Stuart Alderoty, noted that the court provided two paths: dismissing the appeal regarding historic institutional sales or pressing forward [1]. By choosing to drop the appeal, Ripple is effectively signaling a desire to conclude the litigation, provided the SEC follows through on its own stated intentions to drop its side of the appeal [1]. This development follows a long-running dispute where the $125 million penalty ultimately imposed in August 2024 was viewed by the firm as a 94% reduction from the SEC’s initial $2 billion demand [1].

## What to watch
*   **SEC Response:** Monitor whether the SEC formally moves to drop its appeal, which would officially conclude the four-year litigation [1].
*   **Legal Precedent:** Observe any further court filings regarding the $125 million civil penalty and the injunction granted by Judge Analisa Torres [1].
*   **Operational Focus:** Watch for Ripple’s stated pivot toward "building the internet of Value" now that the firm has signaled a return to regular operations [1].

The market’s positive response to the announcement reflects investor sensitivity to the regulatory uncertainty that has shadowed XRP since 2020. Whether this move leads to a definitive end to the SEC case remains the central question for the asset's long-term regulatory standing.

## Sources
1. Tradingview — [XRP spikes 3% after Garlinghouse says Ripple... — TradingView News](https://www.tradingview.com/news/cointelegraph:52cb9bef4094b:0-xrp-spikes-3-after-garlinghouse-says-ripple-dropping-sec-cross-appeal/)
2. Coinpedia — [XRP News: Why Ripple Might Never Go Public, According to One Crypto Analyst](https://coinpedia.org/news/xrp-news-why-ripple-might-never-go-public-according-to-one-crypto-analyst/)

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Cite as: TrendWatcher, "XRP Price Jumps 3% as Ripple Drops SEC Cross-Appeal", https://www.trendwatcher.in/article/8bcc7678-0a07-4a8a-b88c-5f4aa7d05a36