- Ripple rallies on the back of three key market movers:
- One-year anniversary of the Judge Analisa Torres ruling, where XRP sales on secondary markets (crypto exchanges) were accepted as “non-security,” on July 13.
- Ripple released 150 million XRP tokens to a wallet tagged “Ripple 1” after moving the asset out of escrow. The market absorbed the selling pressure from the early July transfer, and XRP extended gains for the tenth consecutive day.
- Attorney Fred Rispoli said he expects the US Securities and Exchange Commission (SEC) vs. Ripple lawsuit to end in July 2024, at the latest by July 31. Pro-XRP attorneys and analysts have sparked settlement rumors on social media platforms like X, fueling anticipation of the lawsuit’s end among XRP holders.
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