The recent legal triumph by Ripple against the SEC has ignited a broad market rally, with related projects experiencing significant gains. Stellar (XLM) followed closely behind Ripple's performance, while other tokens previously impacted by SEC litigation—including ADA, SOL, and MATIC—soared over 20%. Coinbase, currently embroiled in its own legal battle with the SEC, saw its shares jump an impressive 25%.
Bitcoin Breaks $31K as Crypto Market Cap Recovers to June 2022 Levels
Bitcoin began climbing steadily from $30,297 on July 13, peaking at $31,862 (Coinbase data) following news of Ripple's victory. At press time, BTC hovered around $31,418.
Ethereum outperformed BTC, rising from a midday low of $1,862 to a high of $2,029.
The total crypto market capitalization reached $1.21 trillion—slightly below April 2023 levels but matching pre-Celsius Network collapse figures from June 2022.
XRP and XLM Lead Altcoin Charge
XRP's price nearly doubled (+99.15%) on Binance, skyrocketing from $0.46 to $0.93 and briefly claiming the #4 spot by market cap.
Stellar (XLM), though outside the top 10, posted the second-highest 24-hour gain among large-cap assets at 52%.
Note: Stellar co-founder Jed McCaleb was also a Ripple co-founder.
Other SEC-impacted tokens rebounded strongly:
- Cardano (ADA): +24.75%
- Solana (SOL): +33.53%
- Polygon (MATIC): +19.33%
These assets were previously delisted by Robinhood amid regulatory uncertainty.
Coinbase Shares Leap 25% on Legal Optimism
Coinbase stock surged 25.37% at the July 13 market open, reaching $107/share—levels not seen since before TerraUSD's collapse in May 2022.
Year-to-date, COIN has gained 221%, with Ripple's win boosting confidence in Coinbase's ongoing SEC case.
Interestingly, ARK Invest's flagship fund ARKK reduced its Coinbase holdings on July 11—their first selloff in nearly a year.
FAQs
Q: Why did XRP price double?
A: Ripple's partial victory against the SEC clarified XRP's non-security status for public sales, restoring exchange confidence.
Q: How does this affect other SEC-targeted tokens?
A: The ruling sets a precedent that could weaken the SEC's position against similar assets like ADA and SOL.
Q: Will Coinbase relist XRP?
👉 Check Coinbase's latest listing updates here
Risk Disclosure
Cryptocurrency investments carry substantial risk, including total capital loss. Assess your risk tolerance carefully.
Market data reflects Coinbase and Binance pricing at press time.
### Key SEO Elements:
- **Primary Keywords**: Ripple lawsuit, XRP price, Coinbase stock, crypto market rally, SEC litigation
- **Secondary Keywords**: Stellar XLM, ADA SOL MATIC, Bitcoin $31K, crypto market cap