XRP, the cryptocurrency of Ripple, has seen a 3.7% increase in its price in the past 24 hours, outperforming most other cryptocurrencies which were trading in the red. This surge in XRP price was driven by the dismissal of the United States Securities and Exchange Commission’s (SEC) appeal in the lawsuit against Ripple.The lawsuit has been ongoing for almost three years and the judge has now set a date for trial – April 16, 2024. The appeal that was rejected was related to a decision of the court from July this year when it was determined that secondary sales of XRP did not constitute an investment contract. In other words, the court determined that in that specific case, XRP is not a security. The Commission appealed the decision, but it has now been dismissed. This has caused the XRP price to soar by 5%, although it has since retraced a bit.

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Information	Details
Geography	North America
Countries
Sentiment	positive
Relevance Score	8
People	SEC, Judge, Analisa Torres, CryptoPotato, Ripple
Companies	PrimeXBT, United States Securities and Exchange Commission, Binance, None, Ripple
Currencies	XRP, Bitcoin, Ethereum
Securities	None