XRP has risen strongly, and the crypto market is changing

In the world of cryptocurrency, XRP has been in the spotlight recently and has become the focus of many investors. On July 18, a blockbuster news shook the entire cryptocurrency field. After an emergency closed-door meeting, the U.S. Securities and Exchange Commission (SEC) made a decision that made the market boil: to fully withdraw the appeal against Ripple's programmatic sales. This decision means that the four-year regulatory dilemma has finally come to an end, and XRP's "non-security" attribute has been confirmed by the judicial finality, completely getting rid of the long-standing policy haze.

At the same time, the "GENIUS Act" was passed with a high vote of 308:122, and the regulatory power of stablecoins was transferred to the Treasury Department/OCC, and the jurisdiction of the SEC was weakened. This is undoubtedly a double benefit for XRP. Overnight, XRP got out of the dilemma of being strangled by regulation and became the "safest crypto asset" in the eyes of institutions.

The market reacted to this good news extremely quickly and strongly. On July 18, the price of XRP soared, with an increase of nearly 20%, becoming a dazzling star in the cryptocurrency market. On-chain data shows the market's fanatical pursuit of XRP. 2,743 whales frantically swallowed 1.4 billion XRP in a single week, which set a historical peak. The large-scale purchases caused XRP liquidity to be on the verge of exhaustion, and its market value also rose to US$211.9 billion, firmly occupying the throne of the third largest cryptocurrency. $XRP #xrp