With the XRP token approaching an all-time high, Ripple’s 2024 election gambles appear to have paid off—big-time.

“As expected, the SEC’s appeal brief is a rehash of already failed arguments — and likely to be abandoned by the next administration,” Ripple chief legal officer Stuart Alderoty wrote on X.

XRP, the native token of the XRP Ledger network closely related to Ripple, surged to a six-year high on Wednesday as bitcoin (BTC) rallied to

XRP surges to a 7-year high, surpassing $3 as large holders accumulate $3.8 billion in tokens. Market optimism grows amidst regulatory clarity and expanding adoption.

XRP has once again hit a new milestone, breaking $3 for the first time in since 2018 even as the SEC filed an appeal in its case against Ripple.

XRP, the Binance places XRP’s all-time high at $3.84 while CoinGecko places it at $3.40. This story was originally featured on Fortune.com

The XRP price pumped more than 8% to above $3 for the first time since 2018 as Ripple chief legal officer Stuart Alderoty said the US Securities and Exchange C (SEC) lawsuit against the company has become “just noise.

Ripple’s XRP has reached a major milestone, almost touching the $3 mark for the first time since 2018, signaling a significant price surge for the token. The coin has surged more than 15% in the past 24 hours,