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XRP (CRYPTO: XRP) has crashed 48% from its $3.65 July peak despite winning the SEC lawsuit, landing $1 billion in ETF inflows, and Ripple deploying $2.7 billion in acquisitions—proving regulatory wins don’t guarantee price gains.
The SEC lawsuit against Ripple concluded in August when both sides dropped their appeals, reinforcing a 2023 ruling that separated institutional XRP sales from retail activity.
Former SEC Chair Gary Gensler filed a last-minute appeal just five days before Donald Trump fired him, mirroring the lawsuit’s initial filing in 2020.
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Following the settlement announcement on Aug. 8, XRP rallied 8% in a single day with trading volume spiking 146.3%.
However, Ripple CEO Brad Garlinghouse accused the SEC of engaging in a “war of legal terror,” arguing the lawsuit caused $15 billion in losses to XRP investors.
Ripple deployed $2.7 billion in 2025 to transform into a comprehensive financial services platform.
The company spent $1.25 billion in April to acquire Hidden Road, rebranded as Ripple Prime, making it the first crypto firm to own a global multi-asset prime broker.
Since acquisition, Ripple Prime’s business reportedly grew 3x, now handling 60+ million daily transactions.
In October, Ripple added GTreasury for $1 billion, gaining enterprise access to Fortune 500 clients including American Airlines Group Inc., Goodyear Tire & Rubber Co. and Volvo AB, along with exposure to more than $12.5 trillion in annual payment flows.
Smaller deals included Rail for $200 million in August and wallet provider Palisade.
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XRP spot ETFs launched in November 2025, with the Canary XRP ETF posting $58 million in first-day volume—the highest among 2025’s ETF debuts.
By mid-December, XRP funds attracted $883 million in net inflows and built $1.25 billion in assets after a record 30-day inflow streak without a single outflow day.
Despite this institutional demand, XRP is down 48% from its July peak, trading around $1.88 as of late December.
Ripple’s dollar-backed stablecoin RLUSD, launched in December 2024, reached a $1.3 billion market cap by year-end, ranking as the 11th largest stablecoin.
