This video is about the recent legal victory for XRP against the SEC, which has led to a surge in the cryptocurrency market and the potential start of a new altcoin rally and crypto bull run.
This video by Brian Jung was published on Jul 15, 2023. Video length: 11:34.
This YouTube video discusses the recent legal victory for XRP against the SEC, which has resulted in a surge in the cryptocurrency market.
The video provides details about the XRP case, highlighting that while XRP was ruled as not a security, it was considered a security when sold to institutional investors. Despite this, the judge's ruling in favor of Ripple has boosted confidence in the cryptocurrency, leading to a significant increase in its price.
The video also mentions that several crypto exchanges, including Coinbase and Kraken, have announced plans to relist XRP on their platforms.
The SEC lost their case against Ripple, resulting in a surge in the cryptocurrency market.
XRP's legal victory has led to claims of the start of the next altcoin rally and crypto bull run.
The judge ruled that XRP is not a security, but it was considered a security when sold to institutional investors.
XRP's price initially pumped 100% to 95 cents per token, but has since dipped and is now up about 60%.
Crypto exchanges, including Coinbase, Kraken, and Gemini, are re-enabling trading for XRP.
Bitcoin is up about 3% and has reached a new annual all-time high for this year at $31,800.
Many altcoins, including XRP, are riding the wave of the XRP legal victory and experiencing significant price increases.