Ripple’s XRP returns to be the fourth-largest cryptocurrency by market capitalization after Ripple Labs’ victory over the Securities and Exchange Commission (SEC) on July 13.
A few hours after the trial XRP’s Market Cap Hits $21.2 Billion It hit a new annual high of $46.1 billion. It rose from seventh place, ahead of Circle’s USD and BNB.
XRP’s Rapid Rise Immediately After New York Courtannounce“The offer and sale of XRP on digital asset exchanges does not constitute an offer and sale of an investment contract.”
Similarly, the price of XRP surged by as much as 98% in the hours following the court ruling, hitting $0.93 accordingly.informationFrom TradingView
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