XRP Jumps 17%, Beating Bitcoin Gains, as Ripple-SEC Case Ends

Category: Cryptocurrency

XRP's price surged 17% to 65 cents following a settlement where Ripple Labs agreed to pay $125 million in civil penalties to the SEC. The market reacted positively, with trading volumes increasing significantly. Despite the settlement, an appeal from the SEC is anticipated, which may prolong legal proceedings. Other cryptocurrencies showed mixed performance, with Toncoin gaining nearly 6% after being listed on Binance.

Keywords: XRP, Ripple Labs, SEC Settlement

Source: Coindesk

Update At: 8/8/2024

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