United

when

<ul class="wp-block-list">
  
 <li>In the face of increasing global usage, XRP's $2.35 spike is a 23.61% daily increase, bringing its market capitalization to $134 billion.</li>   
 <li>John E. Deaton, a pro-XRP attorney, emphasizes the struggle for the rights of XRP holders when investor confidence is increased by regulatory clarity.</li>   
 <li>XRP's resilience shines as nations classify it as a non-security, driving real-world use and institutional adoption.</li> 
</ul>   
<p>John E. Deaton, an XRP supporter, wrote an <a href="https://x.com/JohnEDeaton1/status/1863313228178301182" target="_blank" rel="noreferrer noopener">X post</a> his opinions on the cryptocurrency's development. XRP's price increased by 23.61% in a single day which is now trading at <a href="https://coinmarketcap.com/currencies/xrp/" target="_blank" rel="noreferrer noopener">$2.35</a> with market value growing to $134 billion. The growth indicates strength and growing investor attractiveness despite persistent legal and regulatory obstacles.</p>   
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper">
   https://twitter.com/JohnEDeaton1/status/1863313228178301182 
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</figure>   
<h2 class="wp-block-heading" id="h-legal-battles-and-global-recognition">Legal Battles and Global Recognition</h2>   
<p>Deaton stressed that he was <a href="https://cryptonewsland.com/john-deaton-gains-support-from-ripples-brad-garlinghouse/" target="_blank" rel="noreferrer noopener sponsored nofollow">suing the SEC to protect the rights of XRP holders</a>, not to defend Ripple. Prior designations of XRP as a virtual currency by international regulators were in conflict with the SEC's assertion that all XRP tokens were unlawful.</p>   
<p>Furthermore, nations like Singapore, the United Kingdom, and Japan have clarified the law regarding XRP by classifying it as non-security. Companies like MoneyGram and TapJets have incorporated XRP into practical applications in spite of the SEC's position. Furthermore, XRP's 2019 placement on Coinbase emphasized its non-security and usefulness.</p>   
<h2 class="wp-block-heading" id="h-market-sentiment-shifts">Market Sentiment Shifts</h2>   
<p>Deaton revealed that he initially held limited <a href="https://cryptonewsland.com/xrp-surges-amidst-market-decline-a-resilient-move-in-a-red-market/?utm_source=telegram_channel&amp;utm_medium=referral" target="_blank" rel="noreferrer noopener sponsored nofollow">XRP compared to Bitcoin and Ethereum</a>. However, after XRP’s price collapse following the SEC lawsuit, he increased his holdings. The move reflected his commitment to defending the token’s legitimacy and its holders’ interests.</p>   
<p>Besides regulatory clarity, XRP’s recent price rally also highlights increasing market confidence. The cryptocurrency has overtaken Solana, driven by rising adoption and robust trading volumes, reaching $35 billion in 24 hours.</p>   
<h2 class="wp-block-heading" id="h-a-turning-point-for-xrp">A Turning Point for XRP</h2>   
<p>The recent surge marks a pivotal moment for XRP. Its recovery from<a href="https://www.forbes.com/sites/siladityaray/2024/12/02/ripples-xrp-is-now-the-fourth-largest-cryptocurrency-after-100-billion-post-election-surge/" target="_blank" rel="noreferrer noopener"> regulatory setbacks</a> to achieving a $2.35 price signifies growing adoption and confidence. Consequently, both institutional and retail investors are fueling XRP’s growth.</p>   
<p>Deaton acknowledged XRP holders’ resilience during prolonged uncertainty. Their patience is now being rewarded as XRP’s market performance strengthens its standing among major cryptocurrencies.</p> 
<p>The post <a href="https://cryptonewsland.com/xrps-price-skyrockets-amid-legal-battles-proving-resilience-and-growing-market-appeal/">XRP’s Price Skyrockets Amid Legal Battles, Proving Resilience and Growing Market Appeal</a> appeared first on <a href="https://cryptonewsland.com">Crypto News Land</a>.</p>

XRP’s Price Skyrockets Amid Legal Battles, Proving Resilience and Growing Market Appeal

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