Will the Ripple rally spill over to Binancecoin or Coinbase shares?

5:11 PM July 14, 2023

The US Federal Court's decision that XRP tokens do not constitute securities has led to a frantic rally on XRP. It is now up around 70% compared to before the decision. Momentum has been gained by Coinbase (COIN.US), an exchange which is listed on the US stock market and is being sued by the SEC for, among other things, offering unregistered securities. The precedent related to XRP could lead to Coinbase winning its battles with the US regulator. The same could apply to Binance. Although the company is not listed, we may have exposure to it through the cryptocurrency Binancecoin (BNB). Will the rises on XRP continue? Will they lead to a rally on Coinbase, Binancecoin and other cryptocurrencies? This is a very complex question, but already many cryptocurrency exchanges in the US are indicating that they will once again allow US customers to trade XRP. 

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The upside impulse on Coinbase and Binancecoin appear to be modest with XRP, although it is worth remembering that XRP was trading very low. Source: xStation5

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