XRP makes a significant leap, knocking Tether out of its third position by market capitalization. The token's value increased following the conclusion of the lawsuit with the SEC.
Path to Victory: Ripple vs. SEC
For four years, Ripple was embroiled in a lawsuit with the SEC that restrained XRP's growth. Recently, the SEC withdrew its lawsuit, which immediately had an impact on the token's price—it surged and the trading volume increased significantly.
Is $5 Next for XRP: Is it Realistic?
Investors are hoping for XRP to reach a new milestone of $5. To surpass Ethereum, the token's market cap would need to jump another 68.34%, but the crypto world has shown that the impossible is achievable.
XRP's Win and Its Impact on the Crypto Market
The victory in the SEC case has sparked new optimism in the crypto market. XRP is regaining its position confidently, and if the current trend continues, exciting developments are ahead.
The conclusion of the lawsuit allowed XRP to become the third-largest by market capitalization, boosting investor confidence and driving market growth. Further strengthening of the token's position is possible in the coming weeks.
