XRP Price Surges as SEC Drops Case; 3 Best Coins to Buy as Crypto Prices

XRP has soared 7.3% in the past 24 hours as the SEC drops charges brought forth against Ripple executives Brad Garlinghouse and Chris Larsen, a court filing from the Southern District of New York revealed on Thursday. The market has seen a big upturn, with the likes of Bitcoin, Ethereum, and Solana also seeing significant gains. Meanwhile, several new cryptocurrencies are proving even more bullish as the market gains confidence. The SEC’s relentless pursuit of cryptocurrencies has caused significant fear, uncertainty, and doubt over the past months. However, investors have recently switched bullish amid the SEC’s diminishing foothold in the industry. On Thursday, the SEC dropped its lawsuit against Ripple executives Brad Garlinghouse and Chris Larsen, illustrating its overestimation of its capabilities to attack the industry. Ripple CEO Brad Garlinhouse weighed in on the SEC dismissing the lawsuit, taking to X (formerly Twitter) to express his feelings on the situation. His recent tweet highlighted the amount of taxpayers’ money wasted in the case and that the SEC “repeatedly kept its eye off the ball.”As well as suing Ripple Labs in 2020, the SEC personally sued the Ripple executives, alleging they partook in selling unregistered securities. However, dropping the case indicates that the SEC’s case against Ripple Labs is weak, leading to massive optimism surrounding XRP’s price. Yet this is just the latest blunder in a string of recent woes by the SEC. Earlier in October, Judge Analisa Torres ruled that the SEC cannot appeal the verdict that XRP is not a security. Moving forward, the lawsuit will focus on whether the way some XRP was sold constitutes security sales. However, XRP holders have clarity that the asset they hold is not a security. Ripple’s Chief Legal Officer Stuart Alderoty recently noted that the case dismissal marks the third consecutive win for Ripple Labs, following the ruling that XRP is not a security in July and the SEC’s appeal to reverse the decision being denied in October. Meanwhile, Bitcoin spot ETF applications are advancing at a significant rate. In another defeat this week, a court ruled that the SEC must revisit its dismissal of Grayscale’s application to convert its $15 billion Bitcoin trust to an ETF. These factors have driven significant optimism, with the CoinMarketCap Crypto Fear and Greed Index climbing to 49, its highest point since August. Meanwhile, XRP’s price has recovered to $0.52 following a selloff caused by geopolitical turmoil earlier this month. Withthe market turning bullish, several newly launched projects seem poised for exciting growth in the coming weeks. Here are the top three cryptos to buy now. All eyes are on Bitcoin, with its halving event set for April 2024. However, Bitcoin Minetrix ($BTCMTX)  looks primed for even more upside potential thanks to its revolutionary take on mining. The project launched as a presale and has raised $1.


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