XRP: what was it and what now? How will all this affect the rest of the market?

On July 13, Judge Torres granted summary judgment in favor of Ripple Labs, ruling that the XRP token is not a security, but only with respect to sales on digital asset exchanges.

However, the SEC also achieved a victory of its own as a federal judge ruled that XRP was a security when sold to institutional investors because it met the conditions set out in the Howey test.

▪️The SEC is working on an appeal, so there is additional risk here, but it is not high.

▪️Coinbase and a number of other exchanges relisted and returned XRP to their sites. XRP trading volume increased 18-fold, from $613 million to $11.2 billion between July 13 and 14. On some exchanges (notably Upbit), XRP trading volume was higher than BTC.

▪️Assets such as MATIC, SOL, AVAX and many others also benefited from the court decision. Because just as the SEC will also not be able to recognize their securities when trading on exchanges.

📌 Will the euphoria last?

Many factors play a role. Now CoinBase has become more active and its debate with the SEC may move forward. And the return of American and crypto investors to the market will be a very positive phenomenon for the entire market as a whole. The fate of the BTC-ETF is also important; applications were submitted again and the SEC accepted the majority. #XRP #Ripple #GOATMoments