XRP has just surpassed $100 billion in market cap, surpassing Binance’s BNB and taking the fifth spot in the cryptocurrency rankings! 🎉🔥 This is a huge success for Ripple and the XRP community, especially after years of fighting the SEC lawsuit.
The $150 million lawsuit, which was initiated in December 2020, alleges that XRP is a security, but Ripple has vehemently denied it. ⚖️ Amidst all this, XRP advocate John E. Deaton emphasized the significance of this achievement, which shows Ripple’s resilience despite regulatory pressure.
With the courts getting closer to a final decision, the recent surge in XRP’s price indicates that investor confidence in the asset is growing. 🚀 Hopefully, this will be a good start for Ripple and boost the adoption of its stablecoin RLUSD, which is also on its way to approval in New York! 💰✨
So, let’s see how XRP’s journey goes! 👀💫$XRP