XRP price experienced a pump after U.S. Judge Analisa Torres rejected the SEC’s appeal and Ripple was approved for a Singapore payments license. The favorable court decision sparked mixed opinions from experts, with some cautioning that the SEC could still appeal the case later. Ripple’s approval for a Singapore digital payments license will allow the company to continue operations and scale its On-Demand Liquidity service offering. Additionally, Ripple has been selected as a contender for Georgia’s CBDC pilot. The demand for XRP futures did not see significant changes following the news. Overall, it remains uncertain whether the recent positive developments will lead to a sustained bull run for XRP.
Summary:
– XRP price pumped after U.S. Judge Analisa Torres rejected the SEC’s appeal and Ripple was approved for a Singapore payments license.
– Mixed opinions from experts on the court decision, with caution about a potential appeal from the SEC.
– Ripple’s Singapore license allows for further scaling of its On-Demand Liquidity service.
– Ripple selected as a contender for Georgia’s CBDC pilot.
– Demand for XRP futures did not see significant changes.
– Uncertainty remains about whether the positive news will lead to a sustained bull run for XRP.
