Ripple Labs has won a significant victory in a federal court ruling which declared that its cryptocurrency token, XRP, is not a security. This means that Ripple can now explore various business opportunities without the constraints imposed by securities regulations. The ruling challenges the US Securities and Exchange Commission’s position on XRP and is considered a landmark moment for the crypto industry. While questions remain regarding the longevity of the decision in the face of potential appeals and its impact on other ongoing legal battles, the market has responded positively to the verdict.

After a surge in prices on Thursday following Ripple Labs' court victory, cryptocurrency prices have cooled off on Friday. Bitcoin, the largest cryptocurrency, dropped over 5% to a low of $30,076 from a high of $31,800. Ether also saw a drop to $1,910 after briefly surpassing $2,000 for the first time in two months. XRP experienced the biggest drop, trading at $0.69, down 25% from its peak of $0.93.

A federal judge in Washington, Judge Analisa Torres, has ruled that Ripple Labs’ token, XRP, is not a security when purchased by retail investors. This decision has caused a shift in the narrative surrounding cryptocurrencies and has caught the attention of policymakers in Washington. The ruling distinguishes between sales to institutional investors and those to retail purchasers, stating that XRP would be considered a security when bought by institutional investors but not when purchased by individuals. The exclusion of a crypto mining tax permits the current administration to maintain a neutral stance on bitcoin, which seems to be a contentious topic. As Washington’s interest in cryptocurrency grows, keeping tabs on political discourse regarding crypto assets becomes increasingly crucial.

J.P. Morgan has stated that the U.S. Southern District Court's partial ruling in favor of Ripple is a significant win for the crypto industry. The ruling provides legal clarity on what constitutes a security, which has been a major obstacle for large capital pools to engage in the industry. While the ruling is positive, J.P. Morgan notes that it does not signify the end of regulatory challenges for the industry, as the SEC can still appeal the ruling and pursue similar cases in the future. The analysts emphasize the importance of continued developments from lawmakers and regulators in Washington D.C. to address unanswered legal questions and allow the industry to reach its full potential.

An on-chain analytics resource, Lookonchain, has reported unusual activity from a mysterious whale in the Pepe token market. The whale deposited 3.94 trillion PEPE tokens, worth $7 million, to a Binance-associated wallet in a single transaction and booked a profit of approximately $650,000 as the price of PEPE surged by 17% in the past 24 hours.

According to Coinbase's Chief Legal Officer Paul Grewal, there are signs that the crypto winter may be ending. Grewal cited Ripple Labs' recent legal victory against the Securities and Exchange Commission as evidence of this.

Ripple's CTO, David Schwartz, has stated that Ripple does not conduct ODL-related sales with a US nexus and that they can still operate ODL within the US as long as the XRP used in these transactions does not come directly from Ripple. This comes after concerns were raised about the classification of ODL-related sales following the ruling of XRP as non-security by Judge Analisa Torres.

Upbit, South Korea's largest exchange, has recorded the highest 24-hour trading volume of XRP, reaching $2.5 billion, as the victory of XRP in the Ripple vs. SEC lawsuit has triggered a surge in trading activity. This surge in activity confirms that South Korean investors have made significant contributions to the recent XRP rally.

Ripple Labs won a court case that declared XRP is not a security, leading to a significant increase in the token's market price. However, Ripple CTO David Schwartz warned investors of potential scams that may arise as a result of the hype.

XRP has surpassed Binance's BNB in market cap rankings for the first time in two years, taking fourth place behind USDT, ETH, and BTC. This comes after a New York judge ruled that XRP sales were not securities through secondary markets, causing a surge in XRP futures open interest and a doubling of its daily closing price.

Several US crypto exchanges, including Coinbase, Gemini, and Kraken, have announced that they will relist XRP following Ripple's legal victory against the US Securities and Exchange Commission (SEC). Binance.US and Crypto.com have also joined in, with the latter offering trading in XRP with over 20 fiat currencies.

Ripple's General Counsel, Stuart Alderoty, has clarified that the sales of XRP by the company's executives are not securities, following Judge Analisa Torres' ruling that XRP itself is not a security. Alderoty also stated that sales of XRP on secondary markets, as well as distributions to developers, employees, and charities, are not securities.

Binance.US has announced the addition of XRP to its list of available cryptocurrencies for trading. Deposits for XRP are now live, and trading on the XRP/USDT Advanced Trading pair will begin on July 14, 2023.

Polygon (MATIC) saw a significant price increase on July 13 due to several factors, including a positive court ruling for XRP and increased activity of Dapps on the Polygon Network. MATIC also anticipates the launch of Polygon 2.0, which could further drive up its price.

A cryptocurrency whale with the wallet address "0xd275" is being investigated for suspicious transactions before the recent surge in XRP's price. The whale borrowed 10 million USDT from Aave and transferred it to Bitfinex 16 hours before the price spike, then withdrew 300 WBTC worth $9.4 million from Bitfinex seven hours before the surge.

Several cryptocurrency exchanges, including Crypto.com and Kraken Pro, have resumed trading in XRP following a mixed ruling from a US federal judge in the ongoing legal battle between Ripple and the Securities and Exchange Commission (SEC). The decision has been celebrated as a victory for the sector, but uncertainty remains as the case could still go to trial or be appealed.

Following a court ruling in favor of Ripple, XRP's price surged over 80% and broke through several resistance levels, including $0.65 and $0.80 against the US dollar. The price even reached a high of $0.9479 before correcting gains. XRP is still trading above $0.5000 and the 100-day simple moving average, with immediate resistance near $0.85 and major resistance near $1.

Ripple Labs' recent court victory against the SEC has been seen as a setback for the regulator's "war on crypto," but lawyers caution that it is not a definitive win for the industry or the company. The ruling determined that XRP is not a security when sold to the general public, leading to a surge in the token's price and optimism for crypto exchanges Coinbase and Binance in their respective lawsuits.

On Thursday, a court ruling in the SEC vs Ripple case declared that XRP was not a security, causing the token to surge by over 70% and bringing Bitcoin closer to its year-to-date high. The SEC had accused Ripple Labs of violating capital raising laws and claimed that XRP was a token, but the judge ruled that while Ripple Labs had broken some laws, XRP was not a financial security.

Crypto.com, a leading cryptocurrency trading platform, has announced the listing of XRP on its app for US users. This new addition allows users to buy XRP with over 20 fiat currencies, including USD, EUR, and GBP.