Significant Victory and Market Recovery
The growth of $XRP can be traced back to the favorable ruling by Judge Analisa Torres in the SEC case in August 2023. The court confirmed that XRP sales on exchanges are not securities, which was a colossal victory for Ripple and the entire cryptocurrency market.
Although Ripple was fined $125 million for $BTC $PHA institutional sales deemed unregistered securities, this ruling further clarified the regulatory status of XRP, laying the foundation for its future.
However, XRP prices remained subdued until November 2024, when the crypto landscape changed dramatically. The re-election of Donald Trump combined with the resignation of SEC Chair Gary Gensler sparked optimism across all markets.
Consequently, XRP broke through years of resistance, rising over 450% and reaching a peak of $2.90 by December 3. It outperformed other leading cryptocurrencies and achieved a market capitalization of $154 billion.#BtcNewHolder #2025Outlook