TL;DR
- Ripple’s XRP price surged to $0.62, potentially due to successive legal victories against the SEC, including a partial win in July and dismissal of charges against Ripple executives.
- The positive sentiment around Ripple is bolstered by expectations of a near-complete win in the ongoing legal battle, with a decisive trial set for April 2024.
- The general crypto market is experiencing an upswing, with leading assets like BTC, SOL, DOT, and AVAX all showing significant gains alongside XRP.
Ripple Marching Towards a Decisive Victory
Ripple’s native token – XRP – spiked to almost $0.62 (per CoinGecko’s data) a few hours ago, tapping its highest level since mid-August. Its positive price performance could be based on the company’s winning streak against its big enemy – the US Securities and Exchange (SEC).
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