2024-12-25T11:48:44+0800

$220M in Shorts Liquidated as Ripple (XRP) Explodes to 19-Month High Following Victory Over SEC Yesterday turned out to be a highly positive day for all Ripple supporters as Judge Torres, presiding over the company’s legal case against the SEC, ruled that almost all XRP sales do not constitute securities transactions. This had an immediate effect on XRP’s price, as well as other tokens, which were recently targeted by the securities regulator, and prices have been booming. XRP had traded just below $0.5 and was unable to overcome that level since June 23. The immediate impact of the ruling, though, sent the asset flying as it almost doubled its price within the next 12 hours to tap $0.95. Over the 24 hours, XRP’s market cap has grown by an incredible $17.32 billion to hit $41.41 billion.