XRP has just won a major legal battle! On August 8, Ripple and the SEC of the United States officially shook hands and jointly withdrew all remaining appeals, meaning: the judge's statement in 2023 that 'XRP is not a security' has become a definitive ruling!

This effectively gives XRP a clear identity and makes it the first mainstream altcoin explicitly recognized by a U.S. court, a historic moment for the crypto space!

How did the market react?

It took off! XRP surged 11.4% within 24 hours, reaching $3.33, with a market value increase of over $20 billion overnight, and trading volume skyrocketing to $11.8 billion, a staggering 189% increase!

Even the trading volume of XRP on Binance surged by 172%, as exchanges, payment institutions, and banks are all preparing to 'welcome XRP back.' Ripple also successfully avoided a heavy fine of $2 billion, only needing to pay $125 million, easily passing the hurdle!