XRP Coin has shown remarkable resilience against the recent downturn in the market, and the reasons for this are becoming clear. With Trump’s presidency expected to bring closure to the legal case involving XRP Coin, recent discussions indicate that anticipated resolutions are on the horizon.
Ripple Case Comes to a Close
XRP Coin holders have reason to celebrate. Previously, we discussed ongoing negotiations between Ripple’s legal team and the SEC. Ripple’s CEO, Brad Garlinghouse, has officially announced that the SEC will be withdrawing its appeal. With several other cryptocurrency cases, such as those involving Coinbase and Robinhood, already resolved, the conclusion of the Ripple 
$1 case was highly anticipated.
“The moment we’ve been waiting for has arrived. The SEC will withdraw its appeal – a significant victory for Ripple and the entire crypto space.”
“The future is bright. Let’s build.”
Following the announcement, the price of XRP Coin saw an increase, but due to Bitcoin 
$64,261‘s weakness, it struggled to reach the $3 level. A few days prior, we mentioned the potential for an announcement about the case’s conclusion, signaling that the $2.47 and $2.64 ranges could be tested, which turned out to be timely.
Ripple’s legal director, Stuart Alderoty, stated:
“Today, Ripple is moving forward stronger than ever. This landmark case has set a precedent for the local crypto industry.”
“With the SEC withdrawing its appeal, Ripple is now in the driver’s seat, and we will assess how best to proceed with our cross-appeal. Regardless, today is a day to celebrate this victory.”
