Ripple Case Closed With $125 Million Fine As XRP Volume Triples To $9.4 Billion



A four year legal overhang just lifted off XRP and the market reacted in seconds. Judge Torres closed the SEC vs Ripple case on July 16 with a $125 million fine, no ban on XRP sales, and a clear ruling that XRP itself is not a security for exchange trades. XRP volume tripled to $9.4 billion in 24 hours, price jumped 18% to $0.68, and Korean exchanges led with 42% of flow.

The fine print is what traders loved. The ruling bars Ripple from future institutional sales without filing, but allows program sales and ODL use. So Ripple ODL volume, which moves $1.8 billion monthly for cross border pay, can keep running. One large OTC desk said 12 funds that were barred from holding XRP now have green light, with $180 million of RFQs in a day.

On chain, XRP Ledger AMM pool TVL rose 38% to $82 million as traders bridged RLUSD to buy XRP. Whale wallets holding 10M plus XRP added 120 million XRP this week, while wallets under 10k sold 28 million, classic smart money bid. Perp funding spiked to 0.04% per 8h, so longs got crowded.

Risk is SEC appeal chatter. SEC staff has 60 days to appeal part of the ruling, so any filing could knock 8% to 12% off fast. Also Ripple still holds 42 billion XRP in escrow, so monthly unlocks weigh.

For traders, clarity plus $9.4 billion volume is fuel. When legal risk clears for a top 8 coin, flows return fast.

#XRP #Ripple #SEC #CryptoLaw #Altcoins
XRP-2.55%
post-image
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 2
  • Repost
  • Share
Comment
Add a comment
Add a comment
ThisIsTranslateContent:
· 1h ago
Just go for it 👊
View OriginalReply0
ferit81
· 1h ago
To The Moon 🌕
Reply0
  • Pinned