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XRPUSD surge sets stage for further potential gains in Ether and BTC

14 Jul, 2023

As noted here earlier today, the almost 100% surge in Ripple (XRPUSD) set the stage for Ether to rise above $2k and BTC to reclaim the 31k handle. To add a little more detail on that; it was the failure of the US SEC to legislate in the US courts for XRP to be classed as a security. The court ruled in favour of XRP being classed as token and not a security. Had it been ruled that it was a security, then the SEC might have been able to legislate against it with more stringent conditions. Well, that did not happen and the partial victory for Ripple led to a surge of buying and that has fed into other leading coins, mainly Ether and BTC. So, if this victory for Ripple paves the way for something similar in terms of those other two leaders, then the gains seen since this time yesterday may just be the start of another upside run. XRPUSD is currently trading at $0.7700

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