XRP Reclaims #3 Crypto Spot with 10% Surge—Just in Time for the Next SEC Circus
Ripple’s XRP rockets past BNB in a single trading session, proving once again that crypto rankings change faster than a Wall Street flip-flop on regulation.
Market cap bloodbath: The ’zombie token’—left for dead after years of legal purgatory—just bulldozed its way back to the top three. Traders are either celebrating or scrambling to explain why they sold last week.
Behind the pump: Rumors swirl about an imminent settlement in Ripple’s never-ending lawsuit, because nothing fuels crypto rallies like the faint whiff of legal clarity—or institutional money playing hot potato with retail bags.
Kraken and institutions pile in behind XRP
The exchange Kraken posted a chart on X, writing, “Gm, anyone else watching $XRP today?” They followed that up with “New ATH soon?” That comment hit hard, considering Kraken had been one of the few major platforms to relist XRP in 2023 after the US court ruled that sales of XRP on exchanges were not securities.
That legal win finally turned into something useful. The SEC officially gave up, dropping its appeal and walking away from a battle that had dragged on for years.
Institutional money hasn’t wasted time. Franklin Templeton filed an S-1 for a new XRP product. CME dropped news of a futures launch, and Brazil’s Comissão de Valores Mobiliários signed off on a new XRP ETF. These aren’t small moves—they’re full-scale products aimed at bigger investors.
Outside of crypto, other markets moved too. Tech stocks broke out after months of dragging, with Nasdaq 100 futures flying up 3.8%. The US dollar rose to a one-month high, Gold dropped more than 3%, and the 10-year Treasury yield moved up to 4.43%.
Ripple also made headlines with a $1.25 billion deal to buy Hidden Road, one of the biggest mergers in crypto so far. That is expected to boost institutional activity around RLUSD and the XRP Ledger.
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