XRP Surges 7% Amid Ripple-SEC Settlement Hopes, $600M Token Unlock

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XRP Surges 7% Amid Ripple-SEC Settlement Hopes, $600M Token Unlock
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Shaurya is the Deputy Managing Editor for the Data & Tokens team, focusing on decentralized finance, markets, on-chain data, and governance across all major and minor blockchains.

XRP has risen 7% in 24 hours to over 64 cents, the highest point since March 25, amid a large scheduled token unlock and

A Tuesday filing showed that the U.S. Securities and Exchange Commission intends to amend its complaint against crypto exchange Binance, including with respect to"Third Party Crypto Asset Securities," which likely means that the Judge won't have to decide whether ten tokens such as Solana's SOL and Polygon's MATIC are unregistered securities just yet.that the legal dispute between the SEC and Ripple Labs, which the regulator argues issued XRP, could be ending.

Ripple is set to unlock 1 billion XRP, or $641 million worth at current prices, in August as part of aIn crypto circles, South Korean traders are known for pushing euphoric rallies on tokens, contributing to buying pressure and possibly influencing prices., XRP trading activity on local exchanges crossed those of usual leaders bitcoin and tether stablecoins, contributing to a 20% rally in the tokens.

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