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XRP Price Surges on Ripple‘s Legal Victories

TL;DR

  • Ripple‘s XRP price spiked to $0.62 due to legal victories against the SEC.
  • The positive sentiment is reinforced by expectations of a decisive win in the ongoing legal battle.
  • The general crypto market is experiencing an upswing, with leading assets like BTC, SOL, DOT, and AVAX showing significant gains alongside XRP.

Ripple‘s native token, XRP, reached a high of $0.62 according to CoinGecko’s data, marking its highest level since mid-August. This positive price performance can be attributed to Ripple‘s success in its legal battles against the US Securities and Exchange (SEC).

In July, a Federal Judge ruled that Ripple‘s programmatic sales from the past did not qualify as investment contracts, resulting in a surge in XRP‘s price above $0.85. However, it later dropped to around $0.50. The Ripple community celebrated two more victories in October when the SEC’s appeal was dismissed and Ripple‘s CEO and Executive Chairman were cleared of all charges.

Analysts and experts believe that Ripple is one step away from a final victory in the ongoing legal battle, with a trial scheduled for April 2024 to determine the outcome.

The Market is Showing Gains

XRP‘s price increase aligns with a broader market surge, with leading digital assets such as BTC, SOL, DOT, AVAX, and AAVE all experiencing significant gains.

For more information on the potential for XRP‘s rally in the coming months, watch the video below:



### News source: cryptopotato.com

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