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.

Bitcoin surged past the $31,000 resistance level on Friday after Ripple Labs won a partial victory in its three-year legal battle against the US Securities and Exchange Commission (SEC). The SEC had accused Ripple of offering XRP as an unregistered security. Other top 10 non-stablecoin cryptocurrencies, including Ether, also saw significant gains.

XRP has won a court case and been declared "not a security," leading to a sudden change in sentiment towards altcoins. While the ruling only applies to the Ripple case, it could have a lasting impact on the rest of the cryptocurrency space and potentially spark an altcoin season.

Cryptocurrency prices are on the rise again, with Bitcoin nearing $32,000 per coin and XRP experiencing a 100% intraday rally. This sudden change could be part of a perfect storm brewing in the crypto market, leading to a dramatic recovery and new all-time highs.

Following Ripple Labs' partial victory over the SEC on July 13, Ripple (XRP) has become the fourth largest cryptocurrency by market capitalization. XRP's market cap surged by $21.2 billion to reach a new yearly high of $46.1 billion, pushing it up from the 7th position.

Coinbase has announced that it will relist XRP on the XRP network, subject to liquidity requirements being met. Trading of XRP is expected to begin later today, with Coinbase planning to launch trading on its XRP USD, XRP USDT, and XRP EUR trading pairs in stages. This decision comes after XRP was delisted from Coinbase in January 2021 due to concerns surrounding its security and regulatory status. However, a recent court ruling has clarified that XRP does not meet the definition of a security according to the SEC's guidelines, paving the way for Coinbase to reinstate trading activities for XRP. While this is a positive development for XRP users and signifies increased adoption potential, it is important to note that XRP remains a highly fluctuating form of cryptocurrency and investors should carefully consider associated risks before investing.

According to attorney John Deaton, the release of the Hinman documents makes it impossible for the SEC to argue that Ripple executives Brad Garlinghouse and Chris Larsen were reckless in distributing XRP.

According to Ripple's 2023 New Value Report, over 90% of finance industry leaders believe that blockchain and digital assets will have a significant impact on business, finance, and society in the next three years.