XRP Skyrockets as SEC Clears Ripple's Leaders of Charges
TL;DR Summary
XRP, the fifth-largest cryptocurrency, experienced its biggest single-day gain in three months after the U.S. Securities and Exchange Commission (SEC) dropped securities-violations charges against Ripple's top leaders. The price of XRP rose 6.5% to 52 cents before pulling back slightly. The rally was driven by buyers in the spot market, indicating more sustainable growth. However, XRP's price is still within a two-month consolidation range, suggesting a potential breakout in the near future.
- XRP Registers Biggest Single-Day Gain in 3 Months After SEC Drops Charges Against Ripple's Leaders CoinDesk
- In Landmark SEC Surrender, Ripple CEO Brad Garlinghouse and Executive Chairman Chris Larsen Are Cleared Of All Baseless Allegations Business Wire
- Is the SEC Shifting to a Softer Stance Against Crypto? Pro-XRP Lawyer Comments CryptoPotato
- SEC Drops Charges Against Ripple CEO Garlinghouse, Chairman Larsen CoinDesk
- XRP Price Jumps 5% as SEC Backtracks in Ripple Lawsuit CoinGape
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