A major development in the long-running legal fight between the U.S. Securities and Exchange Commission and Ripple Labs has prompted several cryptocurrency exchanges to restore or consider restoring XRP trading for U.S. users. The decision quickly reshaped market sentiment, with Coinbase leading a fresh wave of relistings and XRP posting a sharp price rally in the hours that followed.
Coinbase Restores XRP Trading
Coinbase, the Nasdaq-listed crypto exchange, announced that its XRP-USD market had returned to full trading mode across Coinbase Exchange, Coinbase Pro, and Advanced Trade. According to the company, limit, market, and stop orders were all enabled. Coinbase had also indicated earlier that trading for XRP-USD, XRP-USDT, and XRP-EUR would be launched in phases once sufficient liquidity was established, though support could remain restricted in certain eligible jurisdictions.
The relisting marked a notable reversal for one of the most prominent U.S.-linked crypto trading venues. Because Coinbase is publicly listed and closely watched by both regulators and market participants, its decision carried symbolic weight well beyond the exchange itself.
Other Exchanges Move Quickly
Coinbase was not alone. Kraken also made XRP trading available again for U.S. customers, signaling that the court ruling had given major platforms greater confidence in supporting the token. At the same time, Gemini said it was exploring a possible listing of XRP for both spot and derivatives markets. The exchange specifically pointed to the day’s ruling, emphasizing that sales of XRP on exchanges were found not to constitute securities transactions in that context.
Bitstamp, another long-standing exchange with a history of supporting XRP, also announced that it had relisted the asset for U.S. customers. The platform welcomed XRP back and said users in the United States could once again buy, sell, and trade the token. Bitstamp further noted that it had been among the earliest exchanges to list XRP in 2017, and was now among the first to resume U.S. trading following the court’s decision.
The report also mentioned that several other platforms, including Trust Capital and Bybit, had either already relisted XRP or were in the process of doing so. Together, these moves suggested a broad and rapid reassessment by the exchange sector.
Why the Ruling Matters
The exchange response followed what was widely described as a landmark ruling in the SEC v. Ripple Labs case. While the full legal battle was not over, the decision had immediate practical significance for trading venues, especially those serving U.S. customers. For years, XRP had faced delistings or restricted access on many platforms after the SEC alleged that Ripple’s conduct involved unregistered securities offerings.
The latest court decision changed that conversation. At minimum, it appeared to give exchanges a stronger basis for concluding that making XRP available on secondary trading platforms did not automatically create the same legal concerns that had driven earlier suspensions. That interpretation was echoed in public commentary from lawyer Jake Chervinsky, who said U.S. crypto exchanges should feel comfortable relisting XRP that day.
Although exchanges remain cautious and often tailor support by jurisdiction, the ruling clearly reduced uncertainty enough for several firms to move almost immediately. In a market where regulatory risk can determine whether an asset is tradable at all, that shift was highly consequential.
XRP Price Surges on the News
The market reaction was swift. Following the ruling and the relisting announcements, XRP climbed to $0.81, gaining more than 72% over the span of a few hours, according to the report. The rally pushed XRP’s market capitalization to approximately $43 billion, making it the fourth-largest cryptocurrency at the time, behind only bitcoin, ether, and tether.
The scale of the move reflected both legal relief and renewed exchange access. For many traders, relisting on major platforms can materially improve liquidity, price discovery, and overall market participation. In XRP’s case, the reopening of U.S. trading channels likely amplified the effect of the court ruling and accelerated the token’s rebound.
What Comes Next for XRP
Even with the renewed optimism, the situation remains closely tied to regulation, exchange compliance decisions, and future legal developments. Some venues may continue to take a phased approach to relisting, and some jurisdictions could still see limited access depending on platform policy and legal review. Coinbase itself noted that support for XRP may remain restricted in certain supported regions.
Still, the immediate trend is clear: a legal ruling that reduced uncertainty triggered a coordinated response from major exchanges and reignited investor demand. For XRP holders, the developments represented more than just a temporary price spike; they signaled a reopening of market infrastructure that had been constrained for years.
Whether every U.S.-facing exchange will eventually restore XRP trading remains uncertain. But with Coinbase, Kraken, and Bitstamp already acting, and Gemini publicly exploring a listing, momentum has clearly shifted. The SEC v. Ripple case remains one of the most closely watched regulatory battles in crypto, and its latest chapter has already had a direct impact on exchange behavior and token valuation.