In a surprising turn of events on September 29, 2023, the price of Ripple (XRP) experienced a significant surge, jumping to 54 cents in a single candlestick within approximately 30 minutes. This rapid increase has sparked questions within the cryptocurrency community regarding its cause.
Just yesterday, Ripple celebrated a legal victory in its ongoing case against the U.S.
Securities and Exchange Commission (SEC). The decision, delivered by Judge Annelisa Torres in July, ruled that Ripple is not a financial security.
During the celebratory event, Ripple announced the addition of major companies and new institutions to its network, as well as its reintegration into previously deleted platforms following the resolution of the legal dispute.
It is worth noting that the current price of Ripple stands at $0.53, while it reached a high of $3.40 on January 7, 2018. The lowest recorded price for Ripple in its history was $0.00268 on March 22, 2014.