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XRP Soars To 7-Year High, Becomes Third-Most Valued Crypto Even As SEC Challenges 2023 Verdict In Ripple Labs Case

  • XRP surged past $3 for the first time in 7 years, reaching a market capitalization of $174 billion, becoming the third-most valued cryptocurrency.
  • The SEC filed an appeal to overturn a 2023 ruling that stated Ripple's sales of XRP did not violate securities laws.
  • Trading volume for XRP increased by 126% in the last 24 hours, reaching $25 billion, indicating strong market interest.
  • Ripple's Chief Legal Officer criticized the SEC's appeal as 'a rehash of already failed arguments' and expects a shift in regulation under the new administration.
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