In the drastically evolving crypto environment, the notable virtual assets BRISE and XRP have been exhibiting astounding performance over the past few days. While the prominent crypto exchange Ripple Labs’ victory over the Securities and Exchange Commission (SEC) in the long-held legal battle has significantly influenced its native token XRP’s price, it also has a colossal impact on the whole crypto industry.
Following the Federal Court’s declaration on Thursday that XRP is not a security and the token sale on crypto exchanges complied with securities law, major crypto exchanges shared their intention to relist XRP on their platforms. Consequently, XRP saw a huge hike in its price, creating a rally in the market. On Friday, boosted by the court’s ruling, XRP exhibited a surge of 62.71% reaching $0.7674.
At the press time, XRP is trading at a price of $0.7493, up 4.54% in one day, with a 24-hours trading volume of $3,887,901,797. Currently, XRP is ranked fourth by market cap, with a live market cap of $39,353,162,908.
The court’s ruling has stirred the crypto space with optimism, leading to a substantial increase in the other major cryptocurrencies’ prices. While the top cryptocurrency BTC viewed its yearly high of $31,700, the other virtual assets including SOL, MATIC, and ADA rose by more than 15%.
On July 7, the renowned crypto engineering organization Bitgert celebrated its second anniversary, preparing to announce the listing of its token BRISE on ten major crypto exchanges. Earlier today, the platform shared a Twitter post inviting its community’s attention to the upcoming promotion campaign and exchange listings.
In the previous week, while Bitgert honoured its second year, BRISE had been moving on a positive track, showing a bullish trend. On July 13, the token reached its weekly high of $0.00000026755. Though BRISE’s current price of $0.000000256443 shows a decline of 0.58% in the last 24 hours, it has grown by 13.03% over the week.
