It’s been a landmark 24 hours for $XRP, with the token’s price rocketing over 60% following a US court’s ruling in favor of Ripple Labs.
This ruling has now settled the long-standing legal dispute with the SEC, paving the way for $XRP to showcase sustained upwards momentum.
The positive ripple effect from the court’s ruling has spread throughout the entire market, with the likes of Cardano and Solana also benefiting as well as new coins like Wall Street Memes and yPredict.
$XRP Price Surges as Leading Exchanges Opt to Relist Token
At the time of writing, $XRP is trading at $0.7898 – a 67% rise from the previous day.
Although $XRP was up by 104%, the price has pulled back in recent hours, which is not unusual following such huge gains.
Traders often take profits after a substantial rally, leading to short-term sell-offs – a scenario that appears to be playing out with $XRP.
Despite the pullback, the overall market sentiment towards the token remains overwhelmingly bullish, with CoinGecko revealing that a whopping 89% of the community is “feeling good” about $XRP’s prospects.
Major exchanges have begun relisting $XRP following the court’s ruling, adding to the positive sentiment.
Binance.US tweeted that trading on the XRP/USDT pair will resume, boosting the token’s liquidity and accessibility.
Kraken and Coinbase also announced they would reinstate trading – further strengthening the positive outlook for $XRP.
Ripple’s Court Victory Ignites Optimism for $XRP as Clarity Emerges
All of this positivity comes from the huge court ruling yesterday concerning the SEC’s lawsuit against Ripple.
As reported by CoinDesk, a US District Court ruled that Ripple’s programmatic sales of $XRP did
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Author: BeInCrypto Team
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