XRP Rockets Past BNB, Leads Crypto Market to Gains

• Ripple’s XRP token surged 60% following the SEC lawsuit ruling last week.
• XRP has regained its footing and is now the fourth-largest cryptocurrency by market value, toppling Binance’s BNB token.
• The impact of the Ripple vs. SEC lawsuit on XRP also reverberated across the broader crypto landscape, influencing the prices of other non-stablecoin cryptocurrencies.

Ripple’s XRP Surges Post-SEC Lawsuit Ruling

Ripple’s XRP token experienced an impressive 60% surge in value following the SEC lawsuit ruling last week. This legal victory propelled XRP back into its position as the fourth-largest cryptocurrency by market value, overtaking Binance’s embattled BNB token. Additionally, this market movement had a ripple effect on other non-stablecoin cryptocurrencies such as Cardano (ADA), Solana (SOL) and Stellar (XLM).

Bitcoin & Ether Struggle to Sustain Gains

In contrast to Ripple’s success, Bitcoin (BTC) and Ether (ETH) – the two leading coins in terms of market capitalization – failed to sustain their respective gains of 3.5% and 7%. BTC saw a complete reversal of its gains within 24 hours, while ETH managed to cling to a modest 1% increase. Several other prominent altcoins underwent notable reversals, with declines of up to 20.5%.

XRP Reclaims 4th Spot Among Top 25 Digital Coins

Despite experiencing a slight cooling off after its initial rally, Ripple’s XRP still holds an extraordinary 67% increase for the week with its current market value hovering at around $0.79. It remains firmly perched at 4th spot among top 25 digital coins within 24 hours boasting an impressive 101% wick high since news of its legal victory broke out.

Legal Triumph Breathes New Life Into XRP

The news that Ripple was ruled not guilty for breaching federal securities laws revived investor confidence in XRP and breathed new life into this popular crypto asset once again. The momentous development further strengthened Ripple’s position in the crypto space and opened up possibilities for future growth potential for both investors and developers alike in the industry .

Altcoins Bleed Back Down as Daddy BTC Stays Unmoved

As expected , Bitcoin remained fairly unmoved from all these developments . Despite witnessing short periods of increases or decreases , it eventually settled back down close to where it began before all this drama unfolded . While this may be good news for some traders , many altcoins are finding it difficult to take advantage of these minor fluctuations .