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Ripple's XRP Price Surges 8% After Court Ruling in Favor of Ripple in SEC Lawsuit

Ripple's XRP saw an 8% increase in price after a court ruling that denied a motion filed by the Securities and Exchange Commission (SEC) in the ongoing Ripple vs SEC case. The ruling was seen as favorable for Ripple by investors.

XRP's recent price upswing is its highest climb in seven weeks, and it remains the sixth-largest digital currency in the world with a market capitalization of approximately $24 billion. The ruling referenced a similar ruling by a magistrate judge in the same court, and it is believed to be a blow to the SEC's lawsuit against Ripple.

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