Ripple Ruling: How Did Crypto Markets React?

Market reaction: Big moves for Ripple and other tokens previously deemed securitiesFirst and foremost, we saw a big jump in Ripple’s price and overall transaction volume. Ripple’s XRP price surged 87% yesterday on news of its legal victory, reaching a one-year high of $0.88. Check out the graph below, which shows total DEX transaction volume by token in the hours directly before and after the Ripple decision. In the hours following the Ripple decision, DEX traders ratcheted up their activity significantly, with most of the extra volume driven by wETH and stablecoins. The market thinks big things are coming following the Ripple decisionIt remains to be seen whether the Ripple decision will stand and how other tokens will be evaluated by regulators in the future.