Ripple-backed XRP recorded a spike of over 114 percent in the daily average traded volume to about $1.572 billion.
The Grayscale XRP Trust was closed early in 2021 following the lawsuit filed by the SEC against Ripple.
The fifth-largest digital asset, XRP, rallied in tandem with Bitcoin price action in the past 24 hours following the game-changing ruling by the U.S. Court of Appeals for the D.C. Circuit in favor of Grayscale Investments and against the SEC. According to the latest crypto market data provided via TradingView, XRP price hovered around 53 cents. After the court issued the ruling, XRP price gained over 5 percent to reach a 24-hour high of about 54 cents, but has since corrected.
The XRP community was elated after the SEC lost in the court of appeal, even though the agency could appeal further in the Supreme Court. Mind you, the United States SEC has already filed an interlocutory appeal, which awaits either dismissal or approval from District Judge Analisa Torres. The SEC
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