XRP, the digital asset, witnessed a significant 11% surge in price, reaching $2.52, following an announcement by Ripple CEO Brad Garlinghouse regarding the Securities and Exchange Commission (SEC) dropping its appeal in the ongoing legal dispute. The long-standing legal battle, spanning nearly four years, has seen Ripple facing allegations of breaching securities regulations. Garlinghouse expressed his discontent with the SEC’s tactics, labeling the regulatory framework as flawed and ineffective.