{"id":21112,"date":"2023-07-14T07:55:07","date_gmt":"2023-07-14T07:55:07","guid":{"rendered":"https:\/\/zebpay.com\/au\/?p=21112"},"modified":"2023-07-14T08:35:01","modified_gmt":"2023-07-14T08:35:01","slug":"ripple-wins-legal-victory-xrp-surges-70-percent","status":"publish","type":"post","link":"https:\/\/zebpay.com\/au\/blog\/ripple-wins-legal-victory-xrp-surges-70-percent","title":{"rendered":"Breaking News: XRP surges by close to 70% after Judge rules in favour of Ripple"},"content":{"rendered":"\n<p>XRP token surged by almost 70% in the last 24 hours after a Judge declared that the token is \u201cnot necessarily a security on its face\u201d. This marks a big win for Ripple Labs and several other tokens that are in the same boat as XRP.<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-large\"><img decoding=\"async\" width=\"1024\" height=\"591\" src=\"https:\/\/zebpay.com\/au\/wp-content\/uploads\/2023\/07\/XRP-Chart-After-The-Verdict-1024x591.png\" alt=\"XRP Chart After The Verdict\" class=\"wp-image-21113\" srcset=\"https:\/\/zebpay.com\/au\/wp-content\/uploads\/2023\/07\/XRP-Chart-After-The-Verdict-1024x591.png 1024w, https:\/\/zebpay.com\/au\/wp-content\/uploads\/2023\/07\/XRP-Chart-After-The-Verdict-300x173.png 300w, https:\/\/zebpay.com\/au\/wp-content\/uploads\/2023\/07\/XRP-Chart-After-The-Verdict-768x444.png 768w, https:\/\/zebpay.com\/au\/wp-content\/uploads\/2023\/07\/XRP-Chart-After-The-Verdict.png 1439w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">Ripple (XRP) Chart<\/figcaption><\/figure><\/div>\n\n\n<p>After a long three-year legal battle with the SEC, Ripple Labs is seeing light at the end of the tunnel. In 2020, the SEC sued Ripple for breaching the US securities law because the token was sold without first being registered as a security. This led to a massive downward spiral in XRP prices. Since then, XRP had been trading in a range far lesser than its all-time high of close to $3.&nbsp;<\/p>\n\n\n\n<p>This finally seems to be changing since yesterday (13th July 2023) after a Judge in the Southern District of New York gave favourable regulations to Ripple.<\/p>\n\n\n\n<p>Read more: <a href=\"https:\/\/zebpay.com\/au\/blog\/what-is-ripple\" target=\"_blank\" rel=\"noreferrer noopener\">What is Ripple (XRP)<\/a><\/p>\n\n\n\n<p>Yesterday\u2019s landmark decision not only saw XRP gaining but several other Altcoins saw substantial gains. Cardano, Solana and Polygon gained by 25%,33% and 19% respectively in the past 24 hours. Coinbase which had earlier delisted XRP has now listed XRP again as per their tweet on Thursday.<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-large\"><img decoding=\"async\" width=\"1024\" height=\"611\" src=\"https:\/\/zebpay.com\/au\/wp-content\/uploads\/2023\/07\/Coinbase-XRP-Trading-1024x611.jpg\" alt=\"Coinbase XRP Trading Twitter\" class=\"wp-image-21115\" srcset=\"https:\/\/zebpay.com\/au\/wp-content\/uploads\/2023\/07\/Coinbase-XRP-Trading-1024x611.jpg 1024w, https:\/\/zebpay.com\/au\/wp-content\/uploads\/2023\/07\/Coinbase-XRP-Trading-300x179.jpg 300w, https:\/\/zebpay.com\/au\/wp-content\/uploads\/2023\/07\/Coinbase-XRP-Trading-768x458.jpg 768w, https:\/\/zebpay.com\/au\/wp-content\/uploads\/2023\/07\/Coinbase-XRP-Trading.jpg 1283w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/figure><\/div>\n\n\n<p><\/p>\n\n\n\n<p>Coinbase, a publicly listed crypto exchange saw a 24% surge in its stock price yesterday after the XRP ruling.&nbsp;<\/p>\n\n\n\n<p>The decision to not consider XRP as a security is a big win for the industry. This can potentially have implications for several other tokens which are currently under scrutiny by the SEC.&nbsp;<\/p>\n\n\n\n<p>Stay up to date with the latest Crypto news on ZebPay blogs. You can trade XRP on ZebPay in a flash.<\/p>\n\n\n\n<div class=\"wp-block-buttons is-layout-flex wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button\"><a class=\"wp-block-button__link has-white-color has-text-color wp-element-button\" href=\"https:\/\/connect.zebpay.com\/account\/login?returnUrl=%2Fconnect%2Fauthorize%2Fcallback%3Fclient_id%3Deee7baaa-9d6c-43f1-9eb6-8174f62cd244%26redirect_uri%3Dhttps%253A%252F%252Fzebpay.com%252Fapp%26response_type%3Did_token%2520token%26scope%3Dopenid%2520profile%2520wallet%253Atransactions%253Aread%2520trade%253Aread%2520trade%253Acreate%2520wallet%253Aaddress%253Acreate%2520wallet%253Aaddress%253Aread%2520wallet%253Atransactions%253Asend%26state%3D7db5ca64bdbe4067850703583f2fcc29%26nonce%3D7be0a68a4fc64508865f74e5b4738f5d\" target=\"_blank\" rel=\"noreferrer noopener\">trade now<\/a><\/div>\n<\/div>\n\n\n\n<p>Find out more about XRP on ZebPay\u2019s social media handles.<\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\"><p lang=\"en\" dir=\"ltr\"><a href=\"https:\/\/twitter.com\/hashtag\/XRP?src=hash&amp;ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener\">#XRP<\/a> Takes Market by Storm!\ud83c\udf2a\ufe0f<br>The XRP Ledger is an open-source, permissionless and decentralized technology. XRP has experienced a significant surge in price, increasing by 96% in the past day, making it the top performer among the largest <a href=\"https:\/\/twitter.com\/hashtag\/crypto?src=hash&amp;ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener\">#crypto<\/a> by market capitalization.<br><br>[1\/5] <a href=\"https:\/\/t.co\/ciNHf7ZVq3\" target=\"_blank\">pic.twitter.com\/ciNHf7ZVq3<\/a><\/p>&mdash; ZebPay (@zebpay) <a href=\"https:\/\/twitter.com\/zebpay\/status\/1679730485084422145?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener\">July 14, 2023<\/a><\/blockquote><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>\n<\/div><\/figure>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>XRP token surged by almost 70% in the last 24 hours after a Judge declared that the token is \u201cnot necessarily a security on its face\u201d. This marks a big win for Ripple Labs and several other tokens that are in the same boat as XRP. After a long three-year legal battle with the SEC, [&hellip;]<\/p>\n","protected":false},"author":22,"featured_media":21114,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[290],"tags":[16],"class_list":["post-21112","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-news","tag-crypto"],"acf":[],"_links":{"self":[{"href":"https:\/\/zebpay.com\/au\/wp-json\/wp\/v2\/posts\/21112","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/zebpay.com\/au\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/zebpay.com\/au\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/zebpay.com\/au\/wp-json\/wp\/v2\/users\/22"}],"replies":[{"embeddable":true,"href":"https:\/\/zebpay.com\/au\/wp-json\/wp\/v2\/comments?post=21112"}],"version-history":[{"count":3,"href":"https:\/\/zebpay.com\/au\/wp-json\/wp\/v2\/posts\/21112\/revisions"}],"predecessor-version":[{"id":21122,"href":"https:\/\/zebpay.com\/au\/wp-json\/wp\/v2\/posts\/21112\/revisions\/21122"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/zebpay.com\/au\/wp-json\/wp\/v2\/media\/21114"}],"wp:attachment":[{"href":"https:\/\/zebpay.com\/au\/wp-json\/wp\/v2\/media?parent=21112"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/zebpay.com\/au\/wp-json\/wp\/v2\/categories?post=21112"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/zebpay.com\/au\/wp-json\/wp\/v2\/tags?post=21112"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}