The XRP price regained momentum on Wednesday after the Securities and Exchange Commission ended its legal battle against Ripple.

Ripple (XRP) rose to $2.55, up by almost 50% from its lowest level this year. This surge brought its market cap to over $146 billion.

The price of XRP rebounded on Wednesday after the Securities and Exchange Commission (SEC) ended its legal battle against Ripple.

The news comes as the SEC faces increasing pressure to cooperate with the cryptocurrency industry.

Ripple (XRP) rose to $2.55, recovering from its lowest level this year. The surge brought its market cap to over $146 billion.

Earlier this year, XRP hit its highest price since 2018 after several positive developments for Ripple.

The judge’s ruling to dismiss the SEC case signals a major victory for Ripple and signals that the SEC may now be more open to working with the cryptocurrency industry. It also means that many banks and money transfer companies may now integrate RippleNet into their operations.

XRP tokens to buy now

A closer look shows that tokens in the XRP Ledger network outperformed XRP after the SEC dropped the charges. Sologenic (SOLO) token rose by 18%, while the Coreum (COREUM), XRP Army (ARMY), and PHNIX (PHNIX) jumped by over 20%.

Sologenic

Sologenic is one of the largest tokens in the XRP Ledger ecosystem, ranking third after XRP and Ripple USD with a market cap of $122 million.

Sologenic operates in the Real World Asset tokenization industry and is positioned for long-term growth as the industry continues to expand. Its asset tokenization platform allows users to trade tokenized stocks, while Solonex serves as a tokenization brokerage for institutions.

SOLO has formed a falling wedge pattern on the daily chart, which could signal an upcoming rebound to $0.50 — approximately 62% above its current level.

Moreover, the token is trading above both the 200-day moving average and the 50-day moving average, indicating a bullish trend.

Coreum

Coreum (COREUM) is another leading XRP token focused on RWA tokenization. It simplifies the process of tokenizing real-world assets by allowing institutions to issue tokens in a compliant manner.

Tokens issued on the Coreum platform can have unique properties and functionalities, enabling developers to launch diverse RWA tokens using its technology.

Coreum’s price has also formed a falling wedge pattern on the daily chart — a bullish signal in technical analysis.

Its price is currently trading above the 200-day moving average but below the 50-day moving average, suggesting that the bulls are in control but the trend could shift if the price drops below the 200-day MA.

XRP Army

XRP Army is another notable token within the XRP Ledger ecosystem, with a market cap exceeding $18.5 million, making it the fifth-largest token in the network.

The bullish case for XRP Army lies in its status as the largest meme coin in the XRP network. Similar meme coins on Ethereum and Solana have performed well in the past, suggesting potential for future gains.

Like other XRP tokens, XRP Army has also formed a falling wedge pattern on the four-hour chart. The two trendlines are close to converging, which could signal a strong breakout.

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