XRP continues to capture attention with its impressive price movements amid ongoing legal battles and significant market shifts. The digital currency, known for its sensitivity to regulatory news, surged 26.3% to CA$1.55 today, marking a remarkable 24-hour performance. This surge represents an impressive 102.9% increase compared to its value a week ago.

The US Securities and Exchange Commission (SEC) is facing significant legal challenges that have bolstered market sentiment for XRP. On November 14, 18 US states filed lawsuits against the SEC, accusing it of unconstitutional overreach and persecution of the crypto industry. Nebraska Attorney General Mike Hilgers shared the lawsuit on social media, criticising the SEC’s classification of cryptocurrencies as investment contracts.

This legal action represents a pivotal shift in the regulatory landscape. Republican lawmakers have expressed frustration over what they describe as an aggressive enforcement-driven approach by SEC Chair Gary Gensler. The filing…