Ripple's XRP Sales Jump Significantly In 2023, But Is This Bearish For The Altcoin?

Ripple's sales in 2023 have caused mixed feelings for members of the Ripple community, with many considering it bullish for the network while others see it as detrimental to XRP's price action. What Has Happened With Ripple's Sales?

Timeline of Xrp

Crypto News: Hackers targeted the official Twitter account of Jeremy Hogan, an attorney who supports the XRP community in its fight against the U.S. Securities and Exchange Commission (SEC). It was John Deaton, another popular attorney who represents the more than 75,000 XRP token holders in the SEC lawsuit, who had confirmed the news to

The court's July 13 decision that XRP is not a security marks a landmark ruling, not just for Ripple but for the entire crypto industry. This is because it sets the precedent for other crypto assets and securities regulation in the U.S. and was the first industry win over the SEC.

Earlier this month, Judge Analisa Torres ruled that secondary transactions of XRP do not constitute investment contracts. The news was widely seen as being positive and the markets reacted quickly, with the cryptocurrency nearly doubling in price.

CoinDesk Journalist Nikhilesh De is raising doubts about the recent decision of the U.S. Securities and Exchange Commission (SEC) to appeal the Ripple case. “Quite a few crypto lawyers are even saying the decision itself doesn't really make a lot of sense,” said De, stirring up the already simmering legal broth surrounding Ripple's status. Mr.

Blockchain analytical firm Kaiko reported that Ripple's XRP is the top-traded altcoin for this year, with its trading volume exceeding $150 billion. XRP's trading volume completely dwarfs that of other altcoins rival significantly, with the closest being Solana's SOL, recording about $100 billion.

Ripple's XRP has been making headlines for many months now, with the excitement mostly circling around the case against the United States Securities and Exchange Commission. Earlier in July, Judge Analisa Torres ruled that secondary sales of XRP do not constitute investment contracts.

Over the past several weeks, XRP has experienced a monster rally, fueled by Ripple Labs' recent triumph in their legal battle against the U.S. Securities and Exchange Commission (SEC).

On July 24, 2023, Ben “BitBoy” Armstrong, a prominent figure in the cryptocurrency world, explained why he is currently so bullish on XRP. Before we look closer at Armstrong's comments, it might be a good idea to provide some background information. What Did Judge Torres' July 13th Ruling Say? On 13 July 2023, Hon.

XRP is causing quite a stir as its price surged fueled by a favorable SEC lawsuit ruling. Market experts and influencers are making bold predictions, with some foreseeing the XRP price reaching an astonishing $35.

In a recent statement, the SEC claimed that the recent Ripple ruling was incorrect, while disclosing that it has already decided and is currently moving in to post an appeal. There has been some intertwining contexts with latest legal fracas with the US Securities and Exchange Commission (SEC), which involves Terraform Labs and its co-founder, Do Kwon.