The Ripple Effect

[Moreno233]

There have been a positive response of the market following the court rulling in favour of Ripple (XRP). The crypto market cap gained as much as 6.5% in the last 24 hours. Truly, we cannot deny the excitement that comes with this among crypto enthusiasts. But are we truly out of the woods? Is this enough fuel to sustain an upward trajectory?

Well, there is still the case against Binance where over 60 other cryptocurrencies are classified as securities ( source: https://cointelegraph.com/news/sec-labels-61-cryptocurrencies-securities-after-binance-suit); Sincerely, I am optimistic that the rulling on XRP will give a direction to those cases and in the end, crypto will win.

Indeed, the future is looking promising for

[1714841856]

1714841856

[1714841856]

1714841856

[1714841856]

1714841856

[libert19]

I'm in awe at the title, just beautiful!

[Velemir Sava]

I'm in awe at the title, just beautiful!

That's right @libert19 , I think the OP is very updated on the issues and market developments. Yes. Maybe what the OP said at least describes the current situation and conditions. The Ripple effect and the current case between Binance and the SEC. Very acoustic, if we read the topic title in this OP post.

[someone703]

... But are we truly out of the woods? Is this enough fuel to sustain an upward trajectory?

I understand this is good news in the crypto space as we have seen some impressive cryptocurrencies in a short space of time, but still need to be vigilant to avoid fomo when all is not a win. quite like the XRP field although this is still a strong inertia.
I think maybe this will also be one of the reasons to draw investors' attention, because in the coming time we also have many different events, maybe an uptrend will gradually be formed.

[Jackl87]

There have been a positive response of the market following the court rulling in favour of Ripple (XRP). The crypto market cap gained as much as 6.5% in the last 24 hours. Truly, we cannot deny the excitement that comes with this among crypto enthusiasts. But are we truly out of the woods? Is this enough fuel to sustain an upward trajectory?

Yesterday when i randomly checked coinmarketcap i was really surprised to see basically every crypto project in the green zone and of course ripple with a pump of 80% at that time. Then when i read the news about that court ruling i also knew the reason for that. This was not only a great ruling for ripple but for the crypto market as a whole.
I don't really think though that we are out of the woods yet to be honest. At the moment the market is already correcting a little again but of course this is also normal after such a heavy and almost instant pump.
I still think that we still have to wait a little longer, until a real bull market starts.

[nimogsm]

this is definitely a big and thunderous event that gave a good impetus to the market. I think that the wins of binance over sec will bring much more results. This situation showed that the state machine is not as scary as analysts predicted, and there is simply a way out of difficult situations, everything needs time, I think more good news awaits us in the near future.

[robattfield]

this is definitely a big and thunderous event that gave a good impetus to the market.

yep, the news is very good but not too much for us to exaggerate and fomo follow it, if we assume a bad case of a negative news then I believe many people will be scared but not as excited as they are now. The obvious fact is that we are easily swayed by emotions when the market news comes out, as a long-term player I still think it's quite normal considering how dominant bitcoin is in the market right now. Now, and now that we are expecting more positive things to happen to bitcoin, I also see multiple media discussions about bitcoin with an imminent uptrend.

I think that the wins of binance over sec will bring much more results. This situation showed that the state machine is not as scary as analysts predicted, and there is simply a way out of difficult situations, everything needs time, I think more good news awaits us in the near future.

I also strongly believe the binance story will also follow the accusations from the SEC, but maybe we should look at things soberly here when the issues are not the same. But it is clear that if binance wins, they will continue to show their position and strength in this space, but they should not be too optimistic because in the past before being accused, a number of big projects in the market. The market has also received great trust from the community and then a long scandalous story.

[DeathAngel]

I don’t think the SEC will take it lying down, they’re full of narcissists who like to have it all their way. We can enjoy the pump though which is almost cryptowide. I think further battles lay ahead though. Let’s hope a flurry of bitcoin spot etc’s get approved soon, that’s when the real fun & games will begin. But for now Crypto 1-0 SEC.

[tvplus006]

...Well, there is still the case against Binance where over 60 other cryptocurrencies are classified as securities...

We cannot regard this decision as final, as it may still be challenged, but if this is how this process ends, then it will be a big victory for the entire cryptocurrency market, and not just the company Ripple. This decision will be a precedent for the consideration of all subsequent cases on this issue.

[Bitstar_coin]

I would consider this a light at the end of the tunnel for the xrp team, after so long under the sec scrutiny there seem to be hope for a full revival of the project as they have been declared a none security which is good news for the xrp community.
Perhaps this good news will bring more positive energy into the crypto market and ignite positive interest towards investment. This couldn't have a more better time than now.

[Mpamaegbu]

Sincerely, I am optimistic that the rulling on XRP will give a direction to those cases and in the end, crypto will win.

I'm optimistic too and I believe the courts will draw their strength from the XRP judgment to situate whatever case levelled against Binance. I think the excitement in the market since the verdict that exonerated XRP yesterday isn't for XRP alone but for Binance and other impending issues regarding whether those coins are securities or not. Precedence favouring cryptos has been set and that's the excitement we see in the market. For the first time in a long while an altcoin news also spiked Bitcoin. It's a good one.

[Rampagoe004]

I believe this is not the end or victory for the crypto market. But I believe it is a great sign for a promising future. This XRP win can be a reference for other projects on how to develop theirs and, this is great news for XRP Holders as the price of XRP is likely to increase drastically in the next few weeks.

[cryptoaddictchie]

I believe this is not the end or victory for the crypto market. But I believe it is a great sign for a promising future. This XRP win can be a reference for other projects on how to develop theirs and, this is great news for XRP Holders as the price of XRP is likely to increase drastically in the next few weeks.

All the sec accusations about other security coins are going to be in difficult position to start a war with them as xrp already win the first trial and this could lead to bias if others would have been lost in case any sued action were gonna take on matic, solana and others flagged coins by the sec. Anyway the xrp winning seems to trigger an epic mini bullish activity for every altcoins.

[X-ray]

That's so crazy. If XRP won't be determined as a security and it's gonna be applied for the rest of native coins in the market which have been running on their own blockchain. I saw how SEC was mentioning some coins as securities.
The court was calling if XRP was not security. This will be changing opinion if ADA, SOL or even matic were securities. Those tokens have more utilities compared with XRP. They are definitely non securities coins.

Well done XRP. You get the job done perfectly. We gonna see another argument that will be coming from SEC regarding this.

[GateioExchange]

We cover in our latest video what affect this will have on the overall market going forward,

https://www.youtube.com/watch?v=dMrwto6V6MQ

[cryptomaniac_xxx]

I think everyone is expecting this to happen if Ripple is going to win the case against SEC.

But the good thing is that it has a trickle effect on the altcoin market, even bitcoin itself. That's why everyone is so elated to see their portfolio growing in the last 48 hours and we have to take Ripple about that.

Hopefully, we can sustain this bullish momentum that we have right now for at least the next 6 months or end of the year so that come halving time, altcoin market is already lively by that time and more ATH to come.

[jacafbiz]

The two winners from yesterday ruling are the exchanges and the Developers looking to launch their new tokens, there seems to be a clear pathway at which to get this done now if you have a good lawyer who can interpret the ruling clearly without falling foul of SEC again. Token sale on exchange is not a security, tokens offered to users like airdrops is not a security, so we now know how teams will be distributing their tokens now. The legal issue still continues, but the ALtcoin space needs to celebrate this win for now

[Kelvinid]

Well, it was just too early to celebrate and think that this is it. Until the case wasn't closed, anything that happens is possible whether the price will pump or dump. As for the holders, it is quite seeing the light from it but as I've said, we are not sure what will happen next until the SEC decide that XRP is clear. However, it was good to see some improvement in the case and it means that the Ripple team has been working to solve their issue for many years that they've been in this case, maybe there is a time to end it.

[SlimShadyMmp]

Good Win but I am all ears and eyes as to what the SEC will do Those guys dont really like to give up easily and from the look of things they will still tail some project and tag them security along the way So I say good victory starting out lets see what the have at the other hidden hand

[Freddie Boyer]

I don’t think the SEC will take it lying down, they’re full of narcissists who like to have it all their way. We can enjoy the pump though which is almost cryptowide. I think further battles lay ahead though. Let’s hope a flurry of bitcoin spot etc’s get approved soon, that’s when the real fun & games will begin. But for now Crypto 1-0 SEC.

Not quite Crypto 1-0 SEC yet. as long as they are still there I have not mentioned it. look what happened to the price of XRP today, dropping from $0.80 to $0.72. Although not too far apart from the SEC which has responded to the previous judge's ruling on Ripple.