XRP Doubles in 24 Hours After SEC Court Win, Trading Volume Hits 100M+

Ripple’s XRP token has skyrocketed 100% in 24 hours, one of its biggest single-day gains in years. The surge comes after a court ruled...

Quick overview

  • Ripple's XRP token surged 100% in 24 hours following a favorable court ruling in its legal battle with the SEC.
  • The court dismissed several SEC claims, enhancing Ripple's credibility and supporting its argument that XRP is not a security.
  • XRP trading volume exceeded 100 million tokens, indicating increased market participation and investor optimism.
  • Analysts predict further gains for XRP as regulatory uncertainty decreases, but caution about potential short-term volatility.

Ripple’s XRP token has skyrocketed 100% in 24 hours, one of its biggest single-day gains in years. The surge comes after a court ruled in favor of Ripple in its long-running legal battle with the U.S. Securities and Exchange Commission (SEC), a case that has impacted XRP’s price since 2020.

According to CNBC, the court dismissed several of the SEC’s claims, which investors are interpreting as a big win for Ripple. This ruling not only boosts Ripple’s credibility but also strengthens its argument that XRP is not a security, a classification that will shape the future of cryptocurrency regulation in the US.

Market watchers say the decision has lifted investor sentiment, with traders and institutions seeing the ruling as a path to more clarity.

Key Takeaways:

  • Price: XRP up 100%
  • Volume: Over 100 million tokens
  • Catalyst: Court rules in favor of Ripple

XRP Volume Surges Past 100 Million

The legal win triggered a buying frenzy. Data from Yahoo Finance shows XRP volume is over 100 million, a sign of increased market participation and investor optimism.

This kind of volume usually precedes further price gains, especially when combined with a positive legal or regulatory outcome.

The influx of demand has also increased overall liquidity, attracting retail and institutional traders looking to get in on the XRP rebound. This sets up a potential sustained rally if momentum continues over the next few days.

Analysts Expect More Gains for XRP

Strategists are bullish on XRP’s near-term outlook, with several expecting more upside as regulatory uncertainty eases. The court’s decision could lead to institutional adoption, strengthening XRP’s position in cross-border payments — Ripple’s core business.

But analysts also warn of short-term volatility as traders take profits after the big rally. According to Bloomberg, while sentiment is positive, investors should watch for pullbacks before any move to long-term stability. In short, Ripple won.

ABOUT THE AUTHOR See More
Arslan Butt
Lead Markets Analyst – Multi-Asset (FX, Commodities, Crypto)
Arslan Butt serves as the Lead Commodities and Indices Analyst, bringing a wealth of expertise to the field. With an MBA in Behavioral Finance and active progress towards a Ph.D., Arslan possesses a deep understanding of market dynamics. His professional journey includes a significant role as a senior analyst at a leading brokerage firm, complementing his extensive experience as a market analyst and day trader. Adept in educating others, Arslan has a commendable track record as an instructor and public speaker. His incisive analyses, particularly within the realms of cryptocurrency and forex markets, are showcased across esteemed financial publications such as ForexCrunch, InsideBitcoins, and EconomyWatch, solidifying his reputation in the financial community.

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