XRP Price Spikes as Ripple CEO Expects Legal Resolution “Very Soon”

• Ripple’s CEO expects a resolution to the company’s legal battle with the SEC “very soon.”
• The bullish statement coincided with user activities on XRPL Ledger setting new records.
• Accordingly, XRP’s price surged to a three-month high of $0.63.

The price of XRP has seen a significant boost in recent days, driven by comments from Ripple CEO Brad Garlinghouse suggesting that the company’s long-standing legal battle with the U.S. Securities and Exchange Commission (SEC) may be nearing a resolution.

In a recent interview with Bloomberg, Garlinghouse declined to comment on whether Ripple was in active settlement talks with the SEC. However, he expressed optimism that the outstanding legal issues would be resolved “very soon.” 

Ripple’s chief legal officer, Stuart Alderoty, echoed this sentiment in a recent post marking the one-year anniversary of XRP’s victory ruling in the U.S. court. In the commentary, Alderoty stressed that the court’s decision that XRP is not a security would not be challenged by the SEC.

These positive remarks have coincided with a spike in user activity on the XRP Ledger. According to market intelligence platform Santiment, activ…

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