XRP, Cardano and Solana Spearhead Crypto Market’s Weekly Profit

Crypto News– It has been a bullish week for three of the largest altcoins in the market: XRP, Cardano, and Solana. XRP has seen a substantial rally, surging by nearly 20% in the past seven days. It is currently trading just below $0.69, having experienced a minor dip earlier on a Tuesday morning. This price level represents a three-month high for the token.

XRP, Cardano and Solana Spearhead Crypto Market’s Weekly Profit

This week’s rally is just the most recent episode in a broader period of positive performance for XRP. In October, U.S. District Court Judge Torres rejected the Securities and Exchange Commission’s (SEC) appeal of a previous ruling from earlier in the summer. Judge Torres stated that the SEC failed to demonstrate that the summer decision was significantly flawed or problematic.

Notably, Judge Torres presided over the initial ruling back in July, where she determined that XRP tokens were not securities, except in cases where institutional buyers were involved. This ruling marked a significant development in Ripple’s ongoing legal battle with the SEC, which began in 2020.

Cardano’s native asset, ADA, is also on an upward trajectory amidst an ongoing rally. It has gained nearly 17% in the past seven days, coinciding with the continued deployment of the Cardano Midnight protocol, a privacy-focused blockchain that draws from many of the same components as Cardano.