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XRP Market Cap Surges: Ripple’s Victory and Re-Listing Instill Investor Confidence

XRP Market Cap Surges After Ripple’s Partial Victory Over SEC

Key Points:

– Ripple’s market capitalization increased by over $21 billion in just three hours following a partial victory over the SEC.
– XRP is now the fourth largest cryptocurrency by market capitalization.
– The surge pushed XRP’s market cap to a new yearly high of $46.1 billion.
– The price of XRP also surged, reaching as high as $0.93.
– Uphold, a U.S. crypto exchange, experienced downtime due to the unprecedented spike in volume caused by the rush to buy XRP.
– Coinbase, Kraken, and iTrustCapital have re-listed XRP for trading on their platforms.
– Gemini, owned by the Winklevoss twins, has hinted at a future re-listing of XRP.

Hot Take:

XRP’s market cap surge proves that Ripple’s partial victory over the SEC has instilled confidence in investors. The re-listing of XRP on major U.S. exchanges further solidifies its position as a leading cryptocurrency. It’s a bullish sign for XRP and shows that the crypto community is rallying behind Ripple. Keep an eye on XRP as it continues to make waves in the market.


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