On March 19, Ripple CEO Brad Garlinghouse announced that the U.S. Securities and Exchange Commission (SEC) had officially withdrawn its lawsuit against Ripple, marking the end of a legal battle that lasted over four years.

Garlinghouse declared that Ripple had secured a significant victory, proving that XRP is not a security—an important legal clarification.

This positive news has fueled a sharp surge in XRP’s price, jumping nearly 10%. XRP’s 24-hour trading volume skyrocketed by 210.87% to $10.03 billion, reflecting strong market participation.

XRP has now officially become the third-largest cryptocurrency, with a market capitalization reaching $144.55 billion, surpassing USDT at $143.68 billion.