Ripple-affiliated XRP token has seen a 9% surge, a price spike that has allowed it to approach BNB's market cap
by market capitalization. The cryptocurrencies are valued at $37.4 billion and $36.5 billion, respectively.
However, the token is still far away from reclaiming its yearly high of $0.93 which was achieved on July 13. This surge came after a federal judge ruled in favor of Ripple Labs in a closely watched case with the Securities and Exchange Commission. The court determined thatDespite a substantial plunge to as low as $0.42 on August 17th, XRP's price has recovered remarkably, now boasting an almost 60% increase since mid-August.
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