The XRP price regained momentum on Wednesday after the Securities and Exchange Commission ended its legal battle against Ripple.
Ripple XRP reached $2.55, representing an almost fifty percent increase from its lowest point of the year. Due to this spike, its market capitalization has surpassed 146 billion dollars.
The conclusion of the litigation is a significant success for Ripple and demonstrates that the Securities and Exchange Commission is becoming more receptive to collaborating with the cryptocurrency industry.
XRP tokens to buy now
It also implies that a large number of financial institutions and enterprises that facilitate money transfers are now able to include RippleNet into their operations. A more in-depth examination reveals that tokens within the XRP Ledger network have outperformed XRP after the SEC dropped the accusations against them.
Sologenic
The Coreum, XRP Army, and PHNIX went up by more than twenty percent, while the Sologenic token went up by eighteen percent. The market capitalization of Sologenic is $122 million, making it one of the largest tokens in the XRP Ledger ecosystem.
It ranks third in terms of market capitalization, behind only XRP and Ripple USD.The Real World Asset tokenization business is one in which Sologenic participates, and the company is well positioned for sustained expansion.
Users are able to trade tokenized equities through the asset tokenization platform that it provides, and Solonex acts as a tokenization brokerage for institutions. There is a possibility that SOLO will recover to $0.50, which is around 62% higher than its present level, as a result of the formation of a falling wedge pattern on the daily chart.
Coreum
RWA tokenization is the primary goal of Coreum (COREUM), which is another prominent XRP token. Because it enables institutions to issue tokens in a compliant manner, it makes the process of tokenizing assets that exist in the real world easier to do.
Due to the fact that tokens issued on the Coreum platform are able to possess distinctive characteristics and functionalities, developers are able to produce a wide variety of RWA tokens by utilizing its technology.
XRP Army
On the daily chart, the price of Coreum has also created a falling wedge formation, which is a bullish signal according to fundamental analysis. XRP Army is another noteworthy token that is part of the XRP Ledger ecosystem.
It has a market valuation that is greater than $18.5 million, which places it as the fifth-largest token in the network. The fact that XRP Army is the largest meme coin in the XRP network is the primary reason for the optimistic argument for this cryptocurrency.
In the past, meme coins that are similar to those on Ethereum and Solana have fared well, which indicates that there is a possibility for future success.
XRP Army, much like other XRP currencies, has presented itself on the four-hour chart in the form of a falling wedge pattern. A powerful breakout might be about to occur because the two trendlines are very near to intersecting.
