The protracted legal battle between Ripple and the SEC, initiated in 2020, reached a conclusion in August 2025 with both parties agreeing to dismiss all appeals. Juan Leon, Senior Investment Strategist at Bitwise Asset Management, lauded the XRP community, known as the 'XRP Army,' for their resilience throughout the case. Leon emphasized that the resolution brings much-needed clarity for exchanges, banks, and investors, enabling XRP to concentrate on ecosystem expansion. He also noted that XRP's price trajectory will hinge on adoption and fundamentals, with a potential U.S. spot XRP ETF being a significant near-term catalyst.