On Wednesday, XRP’s value picked up steam following the conclusion of the Securities and Exchange Commission’s legal dispute with Ripple.
Ripple (XRP) surged to $2.55, experiencing an increase of nearly 50% from its lowest point this year. This rally elevated its market capitalization to over $146 billion.
The resolution of the lawsuit is a significant success for Ripple and suggests that the SEC is becoming more open to collaborating with the cryptocurrency sector. This also implies that many banks and money transfer firms might now consider integrating RippleNet into their services.
XRP Tokens Worth Considering Now
A closer inspection reveals that tokens within the XRP Ledger network have outperformed XRP following the SEC’s decision to drop the charges. The Sologenic (SOLO) token climbed by 18%, while Coreum (COREUM), XRP Army (ARMY), and PHNIX (PHNIX) saw increases of over 20% each.
Sologenic
Sologenic stands out as one of the most significant tokens in the XRP Ledger ecosystem, holding the third position after XRP and Ripple USD, with a market cap of $122 million.
Sologenic operates within the asset tokenization landscape and is well-positioned for continued growth. Its platform facilitates the trading of tokenized stocks, while Solonex acts as a tokenization brokerage catering to institutional clients.
On the daily chart, SOLO has formed a falling wedge pattern, suggesting a potential rebound to $0.50 — approximately 62% above its current price.
Coreum
Coreum (COREUM) is another prominent token linked to XRP that focuses on the tokenization of real-world assets (RWA). It streamlines the process for institutions to issue tokens in a compliant manner.
Tokens created on the Coreum platform can possess unique features and functionalities, enabling developers to create a variety of RWA tokens using its technology.
Coreum’s price has similarly displayed a falling wedge pattern on the daily chart, which is a bullish indicator in technical analysis.
XRP Army
XRP Army is another noteworthy token within the XRP Ledger ecosystem, boasting a market cap of over $18.5 million, making it the fifth-largest token in the network.
The positive outlook for XRP Army is enhanced by its position as the largest meme coin within the XRP network. Historical performance of similar meme coins on platforms like Ethereum and Solana indicates the potential for future growth.
Like other XRP tokens, XRP Army has also created a falling wedge pattern on the four-hour chart. The two trendlines are nearing convergence, which could indicate a strong breakout ahead.
