🚀XRP fans, rejoice! Ripple's XRP price has surged by 3.7% in the past 24 hours, outperforming most other cryptocurrencies in the market. What's the reason behind this exciting rally? 🤔
It's all thanks to the dismissal of the SEC's appeal in the Ripple lawsuit! As CryptoPotato reported, Judge Analisa Torres rejected the appeal, leading to a 5% increase in XRP price. Although it has retraced a bit, it's still a significant gain compared to other cryptos. 📈
The Ripple v. SEC lawsuit has been ongoing for almost three years, and the judge has now set a trial date for April 16, 2024. The rejected appeal was related to the court's decision in July that secondary sales of XRP did not constitute an investment contract, meaning XRP is not a security in that specific case. 🏛️
So, let's keep our eyes on XRP and see how this legal battle unfolds! 🧐