The XRP win has the potential to bring the altcoin season that traders have longed for, as prices surge with renewed optimism in the crypto markets. With investors re-entering into the fray, analysts are also looking ahead to what the future may hold ahead for XRP holders.
A U.S. federal judge has ruled that Ripple’s ongoing sale of XRP tokens was not subject to federal securities laws, delivering a major victory for the cryptocurrency giant. The court found XRP sales were not investment contracts.
XRP holders have been given the status of “investors” by a U.S. federal judge, though Ripple contests the ruling, citing expectations of “conflicting outcomes”. Ripple has previously argued that XRP holders are not investors.
Today’s major asset prices experienced significant changes, with BTC climbing 2.85%, ETH rising 2.62%, BNB growing 6.20%, and XRP increasing 5.87%. Meanwhile, ADA, DOGE, SOL, and LTC all saw dips in the market of 3.33%, 5.59%, 5.51%, and 4.45%, respectively. The SPX and DXY both closed flat, up 0.01% and 0.02%, respectively.