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Ripple CEO says the SEC will drop its appeal, XRP price reacts higher
- Ripple CEO Brad Garlinghouse announces that the SEC will drop its appeal in a case against the XRP creator.
- XRP price rose by 12% following the news as the Ripple community celebrated.
- The SEC's decision to drop the appeal is seen as a major victory for Ripple and the broader crypto ecosystem.
- Speculation had been high in recent weeks about the possibility of the appeal being dropped.
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