XRP Surges as Ripple Scores Big Win Against SEC Today
Today, XRP is making waves across the crypto world, climbing 10% after a major breakthrough in Ripple’s long-running legal battle with the U.S. Securities and Exchange Commission (SEC). The news has sparked excitement among investors globally, with many calling it a game-changer for the cryptocurrency market.
Ripple, the company behind XRP, has been locked in a heated dispute with the SEC since late 2020. The agency claimed XRP sales were unregistered securities offerings, but Ripple fought back hard. Now, reports confirm the SEC has dropped its case, with a ruling stating XRP sales don’t qualify as securities. This decision not only clears Ripple’s path forward but also sets a precedent that could reshape how regulators view digital assets.
Market reaction was swift—XRP’s price jumped to around $2.48, according to posts on X, with trading volume spiking to 1.61 billion in the past few days. Analysts see this as a bullish sign, pointing to a breakout from a “falling wedge” pattern on the charts. Some even predict XRP could test $3 soon if the momentum holds.
Adding to the buzz, Bitnomial announced plans to launch the first regulated XRP futures in the U.S. today, while also dropping its own lawsuit against the SEC. It’s a double dose of good news for XRP fans, signaling growing confidence in its future.
For Ripple, this victory means more than just a price boost. It’s a chance to push forward with institutional adoption and expand XRP’s role in cross-border payments—its original mission. Crypto enthusiasts worldwide are watching closely, wondering if this marks the start of XRP’s next big chapter.
Sources: Posts on X from @Tokocrypto and @Cointelegraph, accessed today.
