XRP started 2023 around $0.34, reflecting the prior year's bear market lows. The first half of 2023 saw a gradual recovery as Bitcoin reclaimed key price levels and market sentiment began improving. XRP climbed to approximately $0.55 by June 2023.
July 13, 2023 was a historic day for XRP. Judge Analisa Torres of the Southern District of New York issued a partial summary judgment ruling that XRP itself was not a security when sold on exchanges to retail investors. This was a landmark ruling — the first time a court had directly ruled on the legal status of a major cryptocurrency.
XRP's price response was immediate and explosive. The token surged from $0.47 to $0.93 within hours of the ruling — an intraday gain of nearly 75%. Trading volume hit record levels. Major exchanges announced they would relist XRP for US customers, and institutional interest surged.
On July 13, 2023, Judge Analisa Torres ruled that XRP sold on exchanges was not a security — sending XRP up over 70% in a single day.
XRP closed 2023 at approximately $0.62. The second half of the year saw some consolidation after the initial euphoria of the court ruling, but XRP remained well above its 2022 lows. The stage was set for the 2024–2025 bull cycle that would eventually push XRP to a new all-time high.
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