XRP is the native token of the XRP Ledger, and the cryptocurrency used by the Ripple payment network. 

It's built for enterprise use on a global scale and helps power cost-efficient cross-border payments.

Several U.S. lawmakers have called on Congress to pass crypto legislation following the court ruling on the U.S. Securities and Exchange Commission (SEC) v. Ripple case regarding XRP. “Gary Gensler's SEC cannot continue to pursue its regulation by enforcement approach, which only harms investors and creates uncertainty,” said one lawmaker.

US Lawmakers Call on Congress to Pass Crypto Law Following SEC v Ripple Ruling on XRP

Cardano

Bitcoin

Ethereum

Polygon

Solana

Ripple's courtroom victory against the SEC was a win for holders of many leading altcoins this week.

This Week in Coins: XRP Leads Alt Week as Solana, Cardano and Polygon Outperform Bitcoin and Ethereum

The recent ruling on Ripple's XRP token benefits Coinbase as it narrows the crypto exchange operator's downside risk, according to JPMorgan.

JPMorgan says Ripple's XRP ruling is a win for Coinbase

Crypto analytics platform Santiment is laying out the path forward for XRP after a court ruled that Ripple Labs' automated, open-market XRP sales did not constitute a sale of securities.

XRP Has High Likelihood of a Second Pump, Predicts Crypto Analytics Firm Santiment – But There's a Catch

A legal expert has warned that the district court ruling on XRP “rests on very shaky ground.” Expecting an appeal, he cautioned that Ripple's victory “may be a short-lived victory,” claiming that the judge “got the law wrong.

Legal Expert Warns Victory May Be Short-Lived for Ripple and XRP — Says Judge ‘Got the Law Wrong'

Ripple Labs CEO Brad Garlinghouse called the Securities and Exchange Commission a “bully” after getting a partial win from a judge's ruling this week.

Ripple CEO calls SEC a ‘bully' following partial win in XRP ruling

A popular crypto analyst is diving into the exploding markets following the favorable ruling for XRP in the U.S. Securities and Exchange Commission (SEC) lawsuit. Crypto trader Michaël van de Poppe tells his 660,200 Twitter followers that after yesterday's favorable ruling for XRP traders, which spurred a market-wide rally, Bitcoin (BTC) may dip before continuing upwards.

Crypto Analyst Breaks Down the Bitcoin (BTC) and Altcoin Explosion Following XRP's Historic Ruling

A long-awaited district judge's ruling that some XRP token sales were not investment contracts will likely eventually lead to a bipartisan regulatory framework that is more favorable to the pro-crypto crowd in Congress, writes John Rizzo.

Could the Ripple Ruling Spell the End of Regulation by Enforcement?

Cryptocurrency prices cooled off Friday afternoon after Thursday's major rally on the apparent court victory for Ripple Labs and its XRP token.

Bitcoin, Crypto Prices Buckle After Altcoin Frenzy on XRP Ruling

The company's partial victory in court is a watershed moment for the crypto regulatory fight, ConsenSys Director of Global Regulatory Matters Bill Hughes argues.

Ripple's Legal Win Means It's Time for Crypto to Stand Up to the SEC

Coinbase and Binance have a new precedent to cite in court – if the decision survives potential appeal. That's no sure thing, lawyers said.

What Ripple's Partial XRP Win Means for Other Crypto Firms Fighting SEC

A summary judgment partially in favor of payments network Ripple represents a milestone win for the crypto industry and provides legal clarity as to what does and doesn't represent a security, J.P. Morgan wrote in a research note Friday.

Ripple's XRP Ruling a ‘Milestone Win' for Crypto Industry, Says J.P. Morgan

A summary judgment partially in favor of payments network Ripple represents a milestone win for the crypto industry and provides legal clarity as to what does and doesn't represent a security, JMP Securities wrote in a research note Friday.

Ripple's XRP Ruling a ‘Milestone Win' for Crypto Industry, Says JMP Securities

The spike in trading activity came after a partial win in a lawsuit against the SEC.

XRP Trading Volume Surges 1351% as Major Crypto Exchanges Embrace the Token

Short sellers are getting slammed by hundreds of millions of dollars worth of liquidations as the crypto markets rally due to XRP receiving a favorable ruling for crypto traders.

$218,000,000 in Liquidations Hits Short Sellers in 24 Hours As Crypto Market Rallies After Favorable XRP Ruling

Since July 12, 2023, the cryptocurrency market has expanded by a staggering $60 billion within a mere 48 hours. The majority of this growth transpired after the decisive Ripple Labs case verdict, resulting in bitcoin's dominance dipping from 50% to its present level of 48.6%.

XRP's Rise Causes Ripple of Gains in Crypto Economy

Bitcoin maintained its level above $31,000 on Friday, having first crossed the threshold Thursday following a U.S. court ruling that suggested XRP isn't necessarily a security when sold on exchanges.

Bitcoin price breaks through $31,000 in wake of XRP court ruling

XRP soared by as much as 70% higher on Friday, as markets continued to react to a court ruling that the token is not a security. On Thursday, U.S. judge Analisa Torres ruled that XRP is not “necessarily a security on its face.” Solana also surged on the news, climbing by nearly 30%.

Biggest Movers: XRP 70% Higher, as Markets React to Court Ruling

Binance.US opened trading for Ripple's XRP token Friday morning, joining rival crypto exchanges that listed the token on their platforms after a U.S. federal court ruled yesterday that the secondary sales of XRP on exchanges cannot be considered a security.

XRP Gets Binance.US Listing as Exchange Joins Rivals' Embrace

Coinbase Global, Inc. (NASDAQ: COIN) shares are volatile on Friday amidst increased activity in the overall crypto market. What To Know: On Thursday, a U.S. judge ruled that Ripple (CRYPTO: XRP) sales do not constitute an offer of investment contracts.

Ripple Effect: What's Going On With Coinbase?

Broker Bernstein highlighted that while the U.S. district court found institutional sales of Ripple's (CRYPTO: XRP) token to be in violation of securities law, the fact that it's not considered a security when sold through exchanges or programmatic sales is a major victory for the crypto industry. Other observers, including analysts at Gautam Chhugani, noted that the recent ruling alleviates the "securities overhang on tokens sold on exchanges," and provides "major relief for all tokens sold on secondary platforms.

Analysts React To XRP's Landmark Win Against SEC, But Is A Crypto Rally Justified?

Cryptocurrencies are heading for a winning week after a court decision Thursday fueled a sharp, broad crypto market rally.

Cryptocurrencies head for a winning week after sharp rally fueled by Ripple court decision

Coinbase's chief legal officer Paul Grewal said the crypto industry is ready to put legal troubles behind it and focus on innovation.

Coinbase sees crypto winter ‘thawing' after Ripple's partial legal victory

Bitcoin (CRYPTO: BTC) traded higher, with the cryptocurrency prices trading above the $31,000 level on Friday. Ethereum (CRYPTO: ETH) also moved higher, trading past the key $2,000 mark this morning.

Ethereum Tops $2,000; XRP Emerges As Top Gainer

The court's decision should moderately de-risk the regulatory pressure on the crypto exchange's stock, which is a significant overhang on the share price, the broker's report said.

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