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XRP Hits 7-Year High, Ranks Third Among Most Valued Cryptos Despite SEC Challenging 2023 Ripple Labs Verdict

XRP has surpassed $3 for the first time in 7 years, achieving a market capitalization of $174 billion and securing its position as the third most valuable cryptocurrency. The SEC has filed an appeal to reverse a 2023 ruling that determined Ripple's sales of XRP did not breach securities laws. Trading volume for XRP has surged by 126% in the past 24 hours, totaling $25 billion, illustrating significant market interest. Ripple's Chief Legal Officer has condemned the SEC's appeal as a repetition of unsuccessful arguments and anticipates regulatory changes under the new administration.