XRP’s significant 26% price surge today is primarily driven by Ripple’s favorable outcome in its ongoing legal battle with the U.S. Securities and Exchange Commission (SEC). The court’s decision to classify XRP as not being a security, apart from specific institutional sales, has been viewed as a major win for Ripple and the broader crypto community. This ruling has resulted in increased investor confidence, causing the price to spike.
Additionally, major exchanges like Coinbase and Kraken have started to relist XRP, further fueling the rally. The celebration within the crypto community, combined with the transfer of large amounts of XRP to unknown wallets, has contributed to the bullish sentiment .
