Ripple CEO Brad Garlinghouse has reignited discussions about XRP’s former glory, asserting that before the U.S. Securities and Exchange Commission (SEC) got involved, XRP was the second most valuable digital asset, second only to Bitcoin.
His remarks, shared in a short video by John Squire on X, emphasize the significant impact the SEC’s intervention had on XRP’s price, momentum, and market perception.
SEC’s Role in XRP’s Decline
In the video, Garlinghouse bluntly states, “What affects the price of XRP has been the SEC.” He explained that prior to the lawsuit, XRP was thriving, ranking directly behind Bitcoin and ahead of Ethereum in market capitalization. However, once the SEC filed suit against Ripple in December 2020, alleging XRP was an unregistered security, everything changed.
🚨 XRP COMEBACK INCOMING… 🚨
🔥 “Before SEC, #XRP was #2 in digital assets!” — Brad Garlinghouse @bgarlinghouse
The case is ending. When it does, XRP will rise again! 🥈🚀 pic.twitter.com/Wxs5QdgU6d
— John Squire (@TheCryptoSquire) August 3, 2025
The case created fear and uncertainty, leading to XRP’s delisting from major exchanges and a drastic decline in investor confidence. “They sued Ripple and XRP went down,” Garlinghouse remarked, expressing frustration that U.S. regulators appeared to pick winners and losers, distorting a free and fair market.
He added that this is not how government should function, and that instead of creating a level playing field, the SEC’s actions stifled innovation and penalized a project with legitimate global use cases.
Lawsuit Nearing Conclusion
Garlinghouse’s renewed comments come at a critical moment. The Ripple vs. SEC case—arguably the most high-profile crypto lawsuit to date—is now in its final chapter. Ripple has formally dropped its counter-appeal, and the SEC is widely expected to follow suit.
This resolution follows Judge Analisa Torres’ 2023 ruling, which declared XRP sales on public exchanges to be legal, though institutional sales did violate securities law. The ruling was a partial win for Ripple and set a powerful precedent in the industry. With the case now winding down, attention is turning toward XRP’s next move.
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XRP Price Rebounds as Sentiment Shifts
Following recent legal developments, XRP has shown signs of revival. After Ripple announced the case’s end, XRP surged over 8%, jumping from $2.30 to $2.49 in a matter of hours. Market watchers attribute the rally to renewed optimism and increased confidence from institutional players and retail investors alike.
While XRP still trades below its all-time high of $3.84, this recent price action signals growing momentum. Large volumes have returned to the market, and on-chain data suggests long-term holders are accumulating again, hopeful that a regulatory overhang that has lasted nearly five years is finally behind them.
A Comeback on the Horizon?
Garlinghouse concluded the video with hope and conviction, stating that while the journey has been frustrating for the XRP community, he believes “in the long run we will prevail.” He praised the resilience of the “XRP family,” crediting their unwavering support during a turbulent legal battle.
The combination of legal clarity, executive confidence, and renewed investor interest may indeed set the stage for a major XRP comeback. Whether it can reclaim its former position at the top of the crypto market remains to be seen—but for now, the path forward is clearer than it has been in years.
Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.
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