Ripple: SEC Settlement Catapults XRP 23% as $0.65 Comes Into View
A judge has ordered Ripple to pay just over $125 million in civil penalties, officially ending the SEC’s lawsuit & concluding that XRP is not a security. The lawsuit has gone on for two years, but the decision finally puts a nail into the lawsuit for good. Now that Ripple Labs has seen a favorable result from the lawsuit, XRP is soaring in price. At press time, Ripple XRP is trading at $0.6248, a 22% climb in the last 24 hours. Since Wednesday afternoon, the asset has climbed over 12 cents and isn’t slowing down. This result was expected, as many predicted XRP to soar following a win in the Ripple vs SEC lawsuit. Despite needing to pay a $125M fine, the overall result is a win for Ripple and all of crypto. Additionally, the demand for Ripple’s native cryptocurrency, XRP, has seen a sharp rebound in top cryptocurrency exchanges in the US. Kaiko Analytics shared a report showing that demand for XRP rose from less than 2% to 14% in a month. The rebound in demand for Ripple’s native ...