XRP News: Historical Move and Legal Victory Pave the Way for Future Growth

In recent developments in the cryptocurrency market, XRP has made significant strides, surpassing Ethereum in fully diluted valuation and receiving a legal victory in its lawsuit with the SEC. Here’s a closer look at these events and their potential impact on XRP’s future.

XRP Overtakes Ethereum in Fully Diluted Valuation

XRP has made a historical move by surpassing Ethereum to become the FDV leader among cryptocurrencies, reaching $250 billion. It has surpassed other competitors like BNB, Solana, and Cardano in fully diluted valuation. Meanwhile, SUI and HYPE have also climbed the ranks, overtaking XLM, HBAR, and AVAX in FDV.

SEC Drops Ripple Lawsuit Appeal, Fed Keeps Interest Rates Steady

The crypto industry received a significant legal victory as Ripple CEO Brad Garlinghouse announced that the U.S. Securities and Exchange Commission (SEC) had officially dropped its appeal against the company. Additionally, the Federal Reserve’s latest meeting resulted in six key decisions, with the most notable being the decision to maintain interest rates at their current level amid uncertainty.

Jed McCaleb Funds $1B Space Station Project

Jed McCaleb, known for his involvement with XRP and Mt. Gox, is funding a $1 billion space station project. The project could potentially lead to a huge NASA contract in 2026 worth billions. As of December 2024, McCaleb controlled $3.3 billion through two private foundations he fully funded. Speaking from Vast’s headquarters in Long Beach, California, McCaleb emphasized the importance of human space exploration and his willingness to dedicate significant resources to the cause. Despite having no aerospace experience, McCaleb is confident in the project’s potential, stating that he is fine with losing a billion if the NASA deal does not materialize.

XRP Price Surged After Ripple’s SEC Win Announcement

Ripple CEO Brad Garlinghouse announced that the SEC has dropped its appeal against the lawsuit, leading to an immediate double-digit price surge for XRP. The asset skyrocketed from $2.3 to a multi-week peak of $2.6 within an hour, making it the top performer on a 24-hour scale and even helping it surpass USDT in terms of market cap. Some investors speculated whether certain XRP holders had advance knowledge of the lawsuit closure.