🚀 XRP price is up 3.7% over the past 24 hours, outperforming most other cryptocurrencies trading in a bearish market.

📈 XRP price rise is fueled by the dismissal of the SEC's appeal in the Ripple lawsuit.

XRP price leads the market increase

- Ripple's XRP price has increased about 3.7% in the past 24 hours in a bearish market.

- Most other cryptocurrencies are recording declines between 0.5% and 5%.

- XRP is the only coin that recorded a significant increase, and there is a good reason for this.

As CryptoPotato reports, Judge Analisa Torres has dismissed the appeal filed by the United States Securities and Exchange Commission (SEC) in its case against Ripple. As a result, the XRP price increased by 5%, but has dropped to its current level.

The lawsuit Ripple v. SEC so far

- The case has been going on for nearly three years now, and the judge has set a trial date of April 16, 2024.

- The appeal was denied regarding the court's decision in July this year, which determined that the second sale of XRP did not constitute an investment contract. In other words, the court determined that in that particular case, XRP was not a security.

- The Commission was not satisfied with the outcome and subsequently appealed the decision - the action was dismissed.