BREAKING: The End of the Ripple vs. SEC Saga Finally Cаme

Ripple was penalized with a fine of only $125 million for their institutional sales, while cryptocurrency exchange transactions were declared lawful.

Judge Analysa Torres ruled that Ripple has to pay $125M in civil penalties and stop any further violations of securities laws, putting an end to the nearly four-year legal battle it fought with the U.S. regulator.

This fine is ideal for the fintech company, as the SEC had initially requested a penalty of $2 billion from Ripple.

The official court decision stated:

“The SEC’s motion for remedies and the entry of final judgment is GRANTED IN PART and DENIED IN PART. The Court shall enter a final judgment enjoining Ripple from further violations of the securities laws and imposing a civil penalty of $125,035,150.”

At the time of writing XRP is trading at $0.52, skyrocketing by more than 25% in less than 1 hour and has a 24-hour volume of around $1.68 billion. The altcoin’s market cap is currently $29.5 billion.

The outlook on XRP is looking bearish as per TradingView’s 1-day technical analysis. The summary and moving averages point to sell with 11 and 10 signals, respectively, while ooscillators remain “neutral” at 8.

This recent court ruling is a pivotal moment for Ripple and investors are feeling positive that such a favourable outcome could give XRP a significant price boost.