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Today, there have been many important developments in the crypto currency ecosystem. After a historic decision in the Ripple case, XRP experienced a sharp rise. Following the court decision, many exchanges, including Coinbase, announced that they would relist XRP. Meanwhile, this doping effect on XRP also led to striking increases in SOL, ADA and MATIC.
Ripple’s Victory Benefits XRP
Ripple, which suffered a major blow over the years due to the lawsuit filed by the SEC in 2020, achieved an important victory in court today. This legal process between the SEC and Ripple has become a symbol of tension between regulatory authorities and crypto companies. Both the SEC and Ripple faced intense criticism during this process. However, the judge’s decision in the Ripple case that the XRP sales made by the Ripple company did not constitute investment contracts was a significant turning point for XRP.
XRP Continues to Rise
The court decision caused a sharp rise in the cryptocurrency market. XRP recorded a rise of up to 80%, reaching price levels of $0.88 for a short period during the day.
Furthermore, the historic decision in the Ripple case also led to striking increases in Cardano (ADA), Polygon (MATIC), and Solana (SOL). SOL started trading at price levels of $26 with an increase of nearly 20%, MATIC started trading at price levels of $0.84 with an 18% increase, and ADA started trading at price levels of $0.34 with a 21% increase.
Coinbase Relists XRP
After the historic decision in the Ripple case, positive developments started to occur for XRP. The largest US-based cryptocurrency exchange, Coinbase, and many other exchanges announced that they would relist XRP. Since the evening hours, news of XRP listings has been coming from many exchanges one after another.
Gemini and Kraken Join the Line for XRP
Following the court decision, cryptocurrency exchanges lined up to list XRP. In addition to crypto exchanges such as Kraken and Bitstamp announcing that they will list XRP, US-based cryptocurrency exchange Gemini also announced on their Twitter account today that they are considering listing XRP after the court decision.
Messages from the Crypto Ecosystem
The Ripple-SEC case, which has been ongoing for years, has become one of the most important symbols of tension between regulators and crypto companies. Therefore, Ripple received congratulations from many figures within the crypto ecosystem, including Cardano founder Charles Hoskinson. Ripple CEO Brad Garlinghouse also described the court’s decision as a positive development not only for Ripple but also for the entire crypto ecosystem through his tweets.
