XRP prices climbed to £1.91 ($2.46) per token early Wednesday on investor optimism after Ripple Labs said it would settle a long-standing civil lawsuit with the US Securities and Exchange Commission (SEC).
Ripple agreed to withdraw its cross-appeal against the SEC to conclude its case with the agency. The company's chief legal officer, Stuart Alderoty, said in an X post that the SEC would keep £38.72 million ($50 million) of the original fine of £96.82 million ($125 million) imposed by US District Judge Analisa Torres in August and return the balance to Ripple. He added that the SEC will ask Judge Torres to lift the injunction she placed on the company.
