XRP becomes the 4th largest crypto after Ripple's partial victory over SEC

XRP's market cap jumped over $21 billion in just three hours.

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Ripple (XRP) has now become the fourth largest cryptocurrency by market capitalization following Ripple Labs' partial victory over the Securities and Exchange Commission (SEC) on July 13.

Just hours after the decision, XRP's market cap jumped $21.2 billion to a new yearly high of $46.1 billion, taking it from 7th place to beat the USD Coin (USDC) from Circle and the token BNB (BNB) from Binance. in the process.

As of this writing, Ripple's market capitalization has stabilized at $42.5 billion.

Ripple's market capitalization increased by 84 % following his victory over the SEC. Source: CoinMarketCap

The sudden surge in XRP came immediately after the District Court for the Southern District of New York ruled that "the supply and sale of XRP on exchanges digital assets did not constitute offers and sales of investment contracts" in a case involving Ripple Labs and the SEC.

XRP is now ranked as the 4th largest cryptocurrency. Source: CoinMarketCap

Similarly, the price of XRP jumped 98% within hours...