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Why Ripple (XRP) Price is Increasing Today

< SmartBot Blog




Ripple's XRP price has experienced a 3.7% increase in the past 24 hours, standing out in a market where most other cryptocurrencies are in the red. This surge is attributed to the dismissal of the SEC's appeal in the Ripple lawsuit. The lawsuit, which has been ongoing for nearly three years, will now proceed to trial on April 16, 2024. The appeal that was rejected pertained to a previous court decision that determined XRP's secondary sales did not constitute an investment contract, effectively stating that XRP is not a security in that specific case. The SEC's appeal has been denied.