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The XRP Army played a decisive role in Ripple's victory over the SEC.
Ripple Labs has closed the lengthy lawsuit with the SEC after both sides agreed to withdraw their appeals in August. Lawyer John Deaton affirmed that the XRP Army community played a key role by providing evidence, documents, and thousands of affidavits to help Ripple strengthen its legal arguments.
Ripple's Vice President, Deborah McCrimmon, stated that these voluntary efforts save thousands of USD in legal fees and demonstrate that the lawsuit has a widespread impact on investors, not just Ripple. Judge Torres also directly cited the statements of XRP holders in the final ruling.
After the ruling, XRP surged 72% to $0.81 and reached a new all-time high of $3.65 in July before correcting to the current level of $2.85.