XRP Price Skyrockets Minutes After Ripple vs. SEC Ruling

After four long years of legal battles, the Ripple vs. SEC case about XRP sales being securities reached the final stage.

District Judge Analisa Torres from the Southern District of New York issued the fine after determining that Ripple’s 1,278 institutional sale transactions breached securities regulations, resulting in the penalty.

This breaking news boosted investor confidence, which led to a significant surge in XRP’s price.

Less than 10 minutes after this announcement, XRP surged by more than 25%, reaching a weekly high of $0.6276.

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Trading volume also experienced a major surge, jumping around 50% to $2.731 billion in the past 24 hours. With a current RSI of 69,29, XRP is nearing the “overbought” zone, which may soon lead to a correction.

Nevertheless, this milestone is great news for the crypto community, especially XRP investors, as it marks an end to a long saga, that could propel the industry to new heights.

Alexander Stefanov

With over 8 years of experience in the cryptocurrency and blockchain industry, Alexander is a seasoned content creator and market analyst dedicated to making digital assets more accessible and understandable. He specializes in breaking down complex crypto trends, analyzing market movements, and producing insightful content aimed at educating both newcomers and seasoned investors. Alexander has built a reputation for delivering timely and accurate analysis, while keeping a close eye on regulatory developments, emerging technologies, and macroeconomic trends that shape the future of digital finance. His work is rooted in a passion for innovation and a firm belief that widespread education is key to accelerating global crypto adoption.