Following the recent court ruling that XRP is not a security, Ripple's Chief Legal Officer, Stuart Alderoty, expects US banks to adopt Ripple's cross-border payment solution. Alderoty expressed confidence that American banks would return to Ripple's On-Demand Liquidity (ODL) product and plans to initiate discussions with US-based financial institutions in the next quarter of the year.

Bitcoin's price has dropped back to $30,000 after trimming gains led by XRP's legal win. The BTC/USD pair is following a rising channel with support near $30,200 on the 4-hour chart, and could start another increase unless there is a close below $30,000. The first major support is near the $30,200 level, with the next key support sitting near the $30,000 zone. There is a risk of a major decline if there is a close below the $29,200 support, but if the bulls remain active, there could be a fresh increase toward the $32,000 resistance.

Australian lawyer Bill Morgan, who supports Ripple, has predicted that both Ripple and the SEC will appeal Judge Torres' recent summary judgment ruling in the ongoing SEC v. Ripple lawsuit. Morgan's prediction is in line with that of Marc Fagel, a retired attorney specializing in SEC enforcement and securities litigation.

The XRP lawsuit has garnered attention from industry experts and legal analysts, who are discussing the potential outcome. Fox Business Network’s Senior Correspondent, Charles Gasparino, has warned the Ripple community that the company may still be liable for damages despite the positive disposition in the Summary Judgment.

Brad Garlinghouse, CEO of Ripple, believes that the recent ruling by Judge Torres in the legal battle between Ripple and the US SEC could have a positive impact on the entire crypto industry. He hopes that the ruling will serve as a wake-up call to US Congress for upcoming regulations.

Matt Hamilton, former Director of Developer Relations at Ripple, shared insights on the relationship between Ripple's holdings and the price fluctuations of XRP during a Twitter debate. While Ripple is the largest holder of XRP with 48 billion tokens, the majority of these holdings are kept in escrow contracts and only a small fraction is sold.

Ripple emerged victorious in its legal battle against the SEC, which accused the company of selling security-like XRP tokens to investors. The recent court ruling in Ripple's favor has caused a surge of enthusiasm in the cryptocurrency industry.

The Ripple vs. SEC case caused a surge in trading volume and price for XRP, with a whale depositing over 5 million XRP on an exchange. Whale transactions on the Binance chain saw a record-high spike on July 13 and 14, with varying reactions from different XRP whales.

In the past week, nearly 1 billion SHIB tokens were burned, with 915,371,832 tokens burned in 139 transactions. However, the daily burn rate has decreased by 91.59% in the last 24 hours, with only 1,233,806 tokens burned.

Ripple has won a significant victory in a recent court verdict, as the court ruled that its sales of XRP to retail investors did not constitute an offering of investment contracts. However, institutional sales of XRP were determined to be an unregistered offer and sale of investment contracts.

This week in the crypto industry, Ripple, PancakeSwap, OKX, and Polygon made significant advancements through new partnerships. In a major development, a judge ruled that Ripple's XRP does not fall under the definition of a security, potentially paving the way for more freedom in the sale and trade of cryptocurrencies.

The global market cap has decreased by 0.4% in the past 24 hours, leading to a slow start to today's market session. Bitcoin is trading at $30.2K with a 0.2% drop in the past 24 hours and a 57% decrease in trading volume. Ethereum is trading at $1929 with a 52% decrease in price valuation and trading volume.

Bitcoin briefly dropped below $30,000 before rebounding and currently sits just above that level. Altcoins such as ADA, SOL, MATIC, and DOT have all seen drops in value. Bitcoin experienced increased volatility following Ripple's victory against the SEC, which initially caused a jump in price but was followed by a retracement. Most altcoins also saw gains following the ruling, but have since experienced declines.

The recent court ruling on the status of XRP has reignited the conversation about the need for clear regulatory frameworks in the world of cryptocurrencies. Senator Cynthia Lummis from Wyoming has called for immediate action to establish clear rules for digital assets, emphasizing the urgency for Congress to address the regulatory ambiguities.

Brad Garlinghouse, CEO of Ripple, believes that the SEC will face a lengthy process before being able to appeal Judge Torres' ruling in the case against Ripple. The ruling stated that XRP is not a security in regard to retail sales on digital asset exchanges, but is a security when sold to institutional investors. Garlinghouse stated that if the SEC were to appeal against retail sales, it would only further solidify the decision made by Judge Torres. He also criticized the SEC for sowing confusion in the market and preventing innovation in the US.

Ripple CEO Brad Garlinghouse has stated that the recent court ruling was a complete loss for the SEC and not a split victory, despite rumors of potential fines by Ripple to settle the part of the SEC case it lost. Garlinghouse emphasized that the case was about establishing the non-security status of XRP, and in this regard, Ripple won and the SEC lost. The federal court decision on Thursday ruled that XRP is not a security, which was seen as a huge win for Ripple and the crypto industry. The Court will ultimately decide whether or not to impose any penalties, not the SEC.

Speculation about a potential Ripple IPO has increased following the company's recent legal victory against the US Securities and Exchange Commission (SEC), which declared XRP a non-security digital asset. The decision has been seen as a significant win for Ripple and the broader crypto industry, leading some in the XRP community to theorize about the company's future plans. An IPO could provide Ripple with substantial capital and enhance its credibility as a regulated entity, while also attracting a broader range of investors. However, going public through an IPO involves various regulatory and legal requirements, and Ripple has not officially confirmed any talks about an IPO.

Santiment, a crypto analytics platform, has provided insights on the future of XRP after a court ruling that Ripple Labs' automated XRP sales did not constitute a sale of securities. According to Santiment's director of marketing, Brian Quinlivan, XRP has more potential for growth due to increased interest and social dominance. However, Quinlivan warns that the recent rally in XRP's price could be an overreaction and advises caution. Whale and shark activity on the XRP network also suggests bullishness for the fourth-largest crypto asset by market cap.

Coinbase has announced that XRP is now available for trading to its users in Germany, following the US court declaration that XRP is not a security. Many other exchanges, including Gemini, Bitstamp, Kraken, BitGo, Crypto.com, and Binance US, have also reactivated support for XRP after attaining regulatory clarity. While the news has received positive feedback from the crypto community, a skeptic has voiced concerns about potential losses for buyers and argued that market participants who remain invested in XRP rely on fostering a fear of missing out (FOMO) to ensure sufficient liquidity for their exit strategies. XRP trades at $0.7282, with over 55% cumulative seven-day performance.

The author's viewpoint is shared, which does not constitute financial, investment, trading, or any other form of advice. XLM saw a significant surge of 46.3%, benefiting from the favorable verdict in Ripple's [XRP] case against the US Securities Exchange Commission (SEC). Short positions in the futures market suffered losses worth $6.56 million. XLM has climbed to the fourth spot on Coinmarketcap's list of top trending cryptocurrencies. While the bullish momentum may persist, buyers should be cautious of profit-taking activities that could provide opportunities for sellers in the medium to long term.