India, Aug. 8 -- Cryptocurrencies extended gains in the past 24 hours amidst favorable sentiment generated by the closure of the legal dispute between the Securities and Exchange Commission and Ripple Labs, the issuer of the XRP cryptocurrency. Sentiment was also boosted by President Donald Trump signing an order letting crypto into 401(k) Retirement Plans. The increase in inflows to Bitcoin Spot ETF products in the U.S. also supported sentiment.
3rd ranked XRP(XRP) rallied 10.6 percent overnight in the aftermath of the resolution of the long-standing legal dispute between the SEC and Ripple Labs.
The SEC had in its lawsuit initiated in 2020 alleged that Ripple Labs, Inc., Bradley Garlinghouse, CEO and Christian Larsen, the Executive Chai...