A landmark decision by the SEC to drop its lawsuit against Ripple has triggered an 11% surge in XRP's price, pushing it to $2.52. The resolution ends a four-year legal battle and marks a significant victory for the cryptocurrency industry.

The price rally has prompted analysts to project a potential $3 breakthrough, building on XRP's existing 20% growth this year. The token's performance reflects increasing market confidence and broader positive trends in the crypto sector.

Ripple CEO Brad Garlinghouse, speaking at the Digital Assets Summit in New York, criticized the SEC's approach, stating that "the system was broken" and highlighting the unnecessary duration of the legal proceedings.

The legal clarity has attracted renewed interest from institutional investors, who previously avoided XRP due to regulatory concerns. Financial institutions are now exploring XRP's potential for cross-border payments and trading operations.

Market sentiment remains divided between those expecting continued growth based on XRP's fundamentals and renewed legal certainty, and others anticipating a potential correction following the rapid price increase.

The crypto community views this development as a pivotal moment for XRP, as traders closely monitor whether the token can maintain its momentum and potentially challenge its previous all-time high.

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