Coinspeaker
XRP Emerges as 4th Largest Crypto after Ripple’s Decisive Victory
XRP, the digital currency affiliated with Ripple Labs Inc has become the fourth-largest cryptocurrency by market capitalization. This remarkable feat comes on the heels of Ripple’s recent victory over the United States Securities and Exchange Commission (SEC).
The court declared that the sale and offer of XRP on exchange platforms did not constitute the sale of investment contracts. This legal victory sent shockwaves through the crypto market, resulting in a rapid accumulation and an eventual surge in the price of XRP.
According to data from TradingView, XRP’s price spiked by as much as 98% in the hours following the decision, reaching a high of $0.93. Accordingly, XRP experienced an extraordinary surge in market capitalization within hours of the recent ruling.
The cryptocurrency’s market cap skyrocketed by a staggering $21.2 billion, propelling it to a new yearly high of $46.1 billion. XRP’s m
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