XRP Price Rises. What Ripple's SEC Win Means for the Crypto. — Barrons.com

By George GloverXRP was edging higher Thursday, as some investors piled in but others took the opportunity to lock in profit following a big rally.The token, which is used to settle and facilitate transactions on Ripple Labs' digital-payments platform, started the day in the red before climbing, according to data from the crypto exchange Kraken. It was up 1% to $2.51 in early trading.XRP had jumped about 9% on Wednesday after Ripple CEO Brad Garlinghouse said in a post on X that the Securities and Exchange Commission had dropped its case against the company, bringing an end to a legal battle that had dragged on for more than four years. When reached by Barron's, the SEC declined to comment.Earlier this month, U.S. President Trump named XRP as one of the cryptocurrencies that could be added to the U.S. government's crypto stockpile, and Garlinghouse said Wednesday that he expects an exchange-traded fund tracking the token's price to be approved this year.Those are the kind of catalysts XRP will need to carry on rallying, now that Ripple's long-running legal battle with the SEC has seemingly been resolved.Write to George Glover at [email protected] content was created by Barron's, which is operated by Dow Jones & Co. Barron's is published independently from Dow Jones Newswires and The Wall Street Journal.