- Judge Torres denies SEC’s interlocutory appeal, boosting XRP’s market stance.
- Following the verdict, XRP experienced nearly10% price surge, contrasting broader market trends.
- Korean exchanges, Upbit and Bithumb, exhibit significant XRP dominance over Bitcoin.
Ripple’s cryptocurrency, XRP, has showcased significant resilience, surging to nearly 10% amid broader market declines shortly after a favorable verdict against the U.S. Securities and Exchange Commission (SEC).
Judge Torres’ recent decision to deny the SEC’s interlocutory appeal has undoubtedly fueled this uptrend, a sentiment echoed by crypto intelligence leader, Santiment.
Moreover, XRP’s social activity saw an immense upsurge, achieving a 3-month high, evident from Santiment’s data and X’s trending charts. This growing community support propels XRP to retest the $0.54 benchmark. Furthermore, as many cryptocurrencies grapple with bearish momentum, XRP distinctly thrives.
CoinMarketCap data underscores this trend with XRP’s 24-hour trading volume catapulting to a staggering over $1.7 billion. Its dominance is particularly evident in the Korean markets.
On Upbit, Korea’s premier exchange, XRP boasts nearly 19% market share, overshadowing Bitcoin’s 6.30%. Bithumb, another major Korean exchange, mirrors this pattern, further establishing XRP’s impressive market traction.
Looking ahead, Ripple’s industry trajectory appears bright. With continued innovation and strategic alliances, Ripple is set to revolutionize the world of decentralized finance, affirming its status as a titan in the crypto realm.
