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What is the reason behind the increase in XRP price today?

What is the reason behind the increase in XRP price today?

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 among 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. Despite the positive news flow, XRP derivatives demand and price have not shown significant changes.

– XRP price pumped after U.S. Judge Analisa Torres rejected the SEC’s appeal.

– Ripple was approved for a Singapore payments license, allowing it to continue operations and scale its services.

– Experts have mixed opinions on the court decision, with some cautioning that the SEC could still appeal.

– Ripple has been selected as a contender for Georgia’s CBDC pilot.

– XRP derivatives demand and price have not shown significant changes despite the positive news flow.

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