Ripple's policy director for the Asia Pacific region, Rahul Advani, has highlighted the significant growth that Ripple has experienced in Singapore and the wider APAC region. The Singapore office, serving as the APAC headquarters, has seen consistent growth since its establishment in 2017, becoming one of Ripple's highest-performing regions.

XRP has recently become the fourth largest cryptocurrency by market cap, surpassing BNB. However, its price has turned bearish, causing concern about its ability to maintain its position. Despite this, XRP remains a popular topic in the crypto community and is trending at number one on LunarCrush. However, its metrics and indicators have turned bearish, with its MVRV Ratio and network growth both declining. 

Investor interest in Ripple's XRP token has reached a new high since November 2021, with open interest for XRP futures contracts reaching $1.2 billion as of July 20. This surge in open interest follows a positive court ruling in the Ripple vs. SEC case, indicating growing confidence among investors. Binance leads the charge with the highest open interest at $357 million, followed by Bitget and OKX. Ripple CEO Brad Garlinghouse recently expressed frustration with the SEC's approach to the crypto industry, which has far-reaching implications for the industry as a whole.

Ripple executives have clarified the jurisdiction of the US Securities and Exchange Commission (SEC) over XRP tokens, following news that the agency is likely to appeal the Summary Judgment delivered by Judge Analisa Torres on July 13, 2023.

Ripple has applied for registration as a crypto asset firm with the UK's Financial Conduct Authority (FCA) and is seeking a payments license in Ireland. This move comes after Ripple's partial win against the US Securities and Exchange Commission (SEC) over the classification of its XRP token as a security.

Stuart Alderoty, Chief Legal Officer of Ripple, has criticized the recent statements made by SEC Chair Gary Gensler during a congressional hearing. Gensler reiterated his belief that certain cryptocurrency tokens can be classified as securities, but Alderoty disagreed, stating that this is a misinterpretation of the law.

The International Congress of Blockchain Legal Advisors (ICBLA) has been closely following the SEC v. Ripple Labs et al. case and believes the split decision provides legal clarity for XRP and other tokens to power projects without the risk of enforcement action. ICBLA's Society of Fellows has created a task force to draft proposals for blockchain and crypto entrepreneurs to navigate the changing regulatory environment. These proposals include guidelines for token classification, compliance standards, consumer protection measures, taxation guidelines, AML and CTF rules, data security and privacy regulations, interoperability and standards, and a regulatory sandbox. ICBLA aims to promote legal clarity, innovation, and fair practices in the digital asset industry while protecting businesses and consumers.

XRP has been trading around $0.80 for the past week, failing to hit the $1 level despite Ripple's win against the SEC. However, rising open interest in futures contracts and high spot trading volumes suggest a new leg up is possible. Positive sentiment has also been boosted by Ripple's investment in an AI and metaverse-focused project. While a move higher is likely, a negative flip in sentiment could risk a bearish retest with primary support below $0.70.

Bitcoin and Ripple have been the focus of the past week, with the total market capitalization decreasing by $11 billion due to investor uncertainty. Bitcoin's price has remained around the $30K level, with attempts to push above $31K being intercepted by bears. However, analyst Willy Woo believes that the rangebound trading may soon come to an end, leading to a major move. Meanwhile, the US Securities and Exchange Commission remains silent on the case against Ripple, and the week has been relatively quiet in terms of price developments.

XRP experienced a 100% price increase following a court ruling that XRP sales to retail investors do not qualify as securities in the SEC's case against Ripple. However, technical and network usage data suggest a short-term pullback. While XRP's trading interest is increasing, the number of transactions on the XRP Ledger has remained consistent for over a year, indicating a scarcity of new entities actively participating in the network. Despite this, Ripple is ramping up efforts for XRP Ledger adoption, with plans to re-establish ties with banks and participate in a $54 million investment in a metaverse project.

XRP, XLM, and LINK have outperformed other top 50 cryptocurrencies by market cap in the past week, causing Bitcoin's market dominance to fall below 50%. This has led to speculation about the possibility of an altcoin season. XRP has seen a 70% increase this month due to a favourable ruling in the Ripple vs. SEC case, while XLM has rallied by over 50% and LINK has added more than 20% to its value following the release of its CCIP protocol. Shiba Memu, a meme coin project that combines AI and blockchain technology, has raised over $1 million in its presale and could potentially see its SHMU token rally higher in the future. It is important to conduct your own research and understand the risks before making any investment decisions.

Ripple has partnered with Super How, a blockchain tech research lab based in Lithuania, to work on the Axiology project. The project aims to test and issue cryptocurrencies, including CBDCs and stablecoins, and boost regulators' confidence in their safety. Axiology is built on the XRP Ledger and provides new use cases for businesses to apply tokenization and utilization of cryptocurrencies. This partnership will help advance the adoption of blockchain in finance and provide a good opportunity for European banks to practice issuing and using CBDCs as part of the DLT Pilot Regime Regulation adopted by the European Union.

Crypto.com is offering up to $20,000 in XRP as rewards for its ongoing XRP trading campaign. The campaign, called the "XRP App Campaign", has two categories: Net Buy Challenge and Trading Competition, each with a $10,000 prize pool. To participate in the Net Buy Challenge, users must perform at least $5 worth of XRP net buys on the Crypto.com exchange, while the trading competition requires users to trade at least $5 worth of XRP during the campaign period. Winners will receive their rewards in XRP tokens within 30 days after the campaign ends.

Following the recent ruling by Judge Torres that XRP is not a security, Ripple is seeking to expand further in Europe and has applied for registration as a crypto asset firm with the UK's Financial Conduct Authority and for a payment institution license in Ireland. The company announced plans to expand to other European countries last year, and the recent ruling has given them confidence to seek approval for licenses in the UK and Ireland.

Rebecca Rettig, the chief legal and policy officer of Polygon Labs, is cautiously optimistic about the recent federal district court ruling in favor of Ripple against the SEC. She sees a "turning tide" for favorable regulatory conditions in the crypto industry, but recognizes that the ongoing proceedings are potentially far from resolved.

Elon Musk, the CEO of Tesla and Twitter, recently praised The All-In Podcast for their discussion on Ripple's recent victory over the SEC. Musk tweeted "Good podcast" in response to the episode, which also brought hope to the crypto community that the SEC's power over US crypto companies and tokens may be limited. Despite his interest in crypto, Musk has never mentioned XRP or the Ripple-SEC case in his tweets, and his main focus in the crypto space is on Dogecoin. Tesla still holds $184 million worth of Bitcoin on its balance sheet as of Q2 2023.

The recent ruling in the legal battle between Ripple and the SEC has highlighted the need for clear and fair rules in the crypto market. Mike Novogratz, the CEO of Galaxy Digital, believes that this win for Ripple could push the SEC to create fair rules for the industry.

XRP, the fourth most valuable cryptocurrency, had its highest daily close this year after a two-day run. The token briefly surged to an intraday high of $0.94 before correcting 28%. XRP's derivatives have also seen a significant spike in open interest, with futures contracts remaining elevated at levels not seen since November 2021. Despite other major digital assets remaining muted, XRP remains up 71% over the last seven days following a legal decision on its status as a security.

The recent ruling by a US judge that XRP is not a security and the acceptance of BlackRock's bitcoin ETF application by the SEC has caused a 25% surge in XRP's price and increased volatility in digital assets. According to Greg Magadini from Amberdata, regulatory events have a significant impact on prices and movement in the crypto market.

XRP community members, including lawyer John Deaton, corrected House Republican Jane Adams after she referred to XRP as a security. Deaton explained that while XRP may be used in securities transactions, it is not itself a security. XRP's price has risen by 5% in the past 24 hours and by 75% in the past week. Analysts predict that XRP's price will continue to rise and may surpass $1.