XRP Financial News

Cardano (ADA) is down nearly 10% on Friday as the cryptocurrency gets caught up in a broader market pullback that has seen the likes of bitcoin drop back below  $30,000.

Ripple Labs’ victory in the case against the United States Securities and Exchange Commission gives a significant boost to the crypto industry. In addition to benefitting Ripple and XRP (XRP), analysts believe that the ruling will weaken the regulator’s case against Binance and Coinbase.

The price of Bitcoin SV (BSV) has dropped by 1% in the past 24 hours, with its fall to $39.29 coming as the cryptocurrency market as a whole enjoys a 5.5% gain today.

Stellar Lumens (XLM), the cryptocurrency that powers the cross-border payments-focused Stellar Network, saw a massive surge on Thursday, bolstered by the news that a US judge had deemed XRP as not meeting the conditions to qualify as a security.

It was a day that started with something of a bang: the charismatic Alex Mashinsky, former chief executive officer of bankrupt crypto lender Celsius Network under arrest and charged with fraud.

The increases came after a federal judge in Manhattan partially dismissed the SEC's case against the creators of the XRP cryptocurrency, Ripple Labs, who were accused of marketing their currency without first registering it with the Wall Street regulator. The SEC has argued for years that certain digital currencies are financial securities, like stocks or bonds, and are therefore subject to its supervision as an investment product.

However, Ripple's victory in the case brought by the SEC was only partial, with US district judge Analisa Torres also ruling that institutional sale of XRP did violate federal securities law.Nevertheless, the news sent XRP's price soaring 75% late on Thursday, with Ripple CEO Brad Garlinghouse telling Reuters that the ruling is a “a huge win for Ripple but more importantly for the industry overall in the US”.Crypto exchange Coinbase quickly said it will add XRP back to its platform and saw its own share price jump by over 20%.The SEC filed suit against Ripple, Garlinghouse and co-founder Christian Larsen in 2020, alleging that they "raised over $1.3 billion through an unregistered, ongoing digital asset securities offering".The judge has ruled that "programmatic" sales - through exchanges and algorithms - were not offers of securities under the law because it could not be said with certainty that buyers had “a reasonable expectation of profits to be derived from the entrepreneurial or managerial efforts of others".

Digital asset payment network, Ripple (XRP) has surged over 60% in the past 24 hours following its partial victory against the Securities and Exchange Commission (SEC), putting an end to the three-year-long suit. 

Trading volume of XRP (XRP) tokens on the South Korean crypto exchange Upbit has surpassed Bitcoin (BTC) in the past 24 hours. The XRP/KRW trading pair saw $2.6 billion in trading volume in the last 24 hours following Ripple’s partial win against the United States Securities and Exchange Commission (SEC) in its long-running court battle.

The price of XRP (XRP) has skyrocketed in the aftermath of a federal court ruling saying that its sales on crypto exchanges complied with U.S. securities laws.

Bitcoin (BTC) consolidated near $31,000 on July 14 after a classic short squeeze sparked new yearly highs.

On July 13, 2023, Ripple Labs, a cryptocurrency-based software company, secured victory in its legal battle against United States (US) Securities and Exchange Commission (SEC). Experts believe that this development can help create the long-awaited regulatory landscape around the cryptocurrency industry. 

PEPE price predictions are turning bullish in dramatic fashion as the frog meme coin jumps 17% in value in the past 24 hours.

Cryptocurrency markets were trading higher, with the total global crypto market cap rising 6.3% to $1.26 trillion in Friday's trade. Bitcoin (BTC) rose 3% to $31,341, whereas Ethereum (ETH) was above the 2,000 level. Meanwhile, Ripple's XRP token rallied over 68% to $0.7949. A US District Judge ruled on Thursday that Ripple Labs did not violate federal securities law by selling its XRP token on public exchanges, a decision that sent the value of the token soaring by as much as 68% in the last 24 hours. «Crypto coins experienced a rise in value following a federal judge's decision in the SEC's lawsuit against Ripple Labs, which was seen as a victory for the industry in terms of defining securities,» said ZebPay Trade Desk.

Ripple CTO David Schwartz has issued a warning regarding a new wave of scams targeting investors amid the recent court ruling in favor of Ripple Labs. 

The XRP price has ballooned by 69% in the past 24 hours, after Ripple celebrated the arrival of a largely positive ruling in its long-running legal battle with the SEC.

In a surprising development, a ruling by US District Judge Analisa Torres may significantly impact the regulatory landscape for cryptocurrencies. In a lawsuit filed by the Securities and Exchange Commission (SEC) against Ripple Labs, Judge Torres concluded that a substantial portion of Ripple’s digital tokens, known as XRP, were not subject to securities registration requirements.

Bitcoin, the leading cryptocurrency, is currently trading at $31,449, marking a notable surge of over 3.5% on Friday. 

US crypto exchanges Coinbase, Kraken, Gemini, Crypto.com and Bitstamp have announced to relist XRP after a US federal court ruled that selling the token on exchanges did not constitute an investment contract. 

A court ruling in favor of Ripple Labs — stating that XRP (XRP) is not a security — reignited the long-lost hype around the ecosystem. Anticipating an influx of scams as the token rallied, Ripple chief technology officer David Schwartz issued a warning to investors.

Polygon (MATIC) has experienced a significant price increase on July 13, driven by several key factors. These include a recent positive court ruling for XRP, increased activity of decentralized applications (Dapps) on the Polygon Network, and the highly anticipated launch of Polygon 2.0.