Home Business Ripple price booms, Dutch stock exchange gives away free XRP

Ripple price booms, Dutch stock exchange gives away free XRP

Ripple price booms, Dutch stock exchange gives away free XRP

The headlines are full of it and so is our site: Ripple has won a major victory in the court case with the American Securities and Exchange Commission (SEC). The victory is clearly reflected in the XRP pricewhich has now been shot into the air.

Ripple to #4 in crypto rankings

At around 5pm this afternoon, the crypto was still trading at $0.47. Shortly afterwards, when the news came out that Ripple had achieved a (partial) victory, the currency started to rise sharply. Around 9 a.m., XRP peaked at $0.93. At the time of writing, XRP is falling back to $0.82, but the price is still up 75% compared to 24 hours ago.

The trading volume rose even faster. The trading volume stands at the time of writing 913% higher than 24 hours ago. The 24-hour trading volume is now at 8.3 billion, which puts it in fourth place in the largest trading volume.

Not only does XRP rank fourth in terms of trading volume, but XRP is also the third largest in terms of market capitalization. With a market cap of $41.3 billion, XRP has climbed from sixth to fourth place in the ranking.

XRP price rises like a rocket after ruling

The current price value of XRP is currently still 76% below the all time high from 2018. Then the price was at a value of $3.84. Shortly afterwards, however, the price crashed sharply. In December 2020, Ripple and the company’s coin were sued by the SEC. Ripple would sell XRP as an unregistered security.

Now Judge Torres, who presides over the trial, has decides that XRP cannot be seen as a security in the secondary market. That statement has been the reason for the current price increase. Anycoin Direct has responded quickly to the huge increase. The Dutch exchange offers 25 XRP for free if you through this link create an account with Anycoin Direct.

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