Tectono Business Review: XRP PRICE JUMPS AS RELISTING FOLLOWS AFTER RIPPLE’S COURT VICTORY AGAINST SEC

Friday 14 July 2023

XRP PRICE JUMPS AS RELISTING FOLLOWS AFTER RIPPLE’S COURT VICTORY AGAINST SEC

Following the U.S. district court milestone judgment that favored Ripple’s XRP, it price snowballed astronomically by 70% within 24 hours.

The ruling brought an end to SEC’s 3-year-long crusade against Ripple.

It can be regurgitated that in 2020, SEC filed a lawsuit against Ripple for its supposed breach of the US securities laws.

Consequently, several crypto exchanges that had listed XRP were compelled to effect it’s delisting in order to preclude facing the regulator’s wrath.

In view of this landmark ruling, after the protracted court case, those crypto exchanges have announced that they would relist XRP immediately.

“Trading is anticipated to begin later today, if liquidity conditions are met. Once sufficient supply of this asset is established trading on our XRP-USD, XRP-USDT and XRP-EUR trading pairs will launch in phases,” one of the crypto exchanges tweeted.

However, the regulator has the option to appeal against the judgment and may reverse it eventually.

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Friday 14 July 2023

XRP PRICE JUMPS AS RELISTING FOLLOWS AFTER RIPPLE’S COURT VICTORY AGAINST SEC

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