Blockchain.com, a prominent crypto exchange and wallet provider, has reintroduced XRP to its platform after a federal court ruled that the cryptocurrency is not a security. This decision comes after several crypto startups initially delisted XRP following the SEC’s charges against Ripple for allegedly offering XRP as an unregistered security.

With the legal clarification from the federal court, various crypto platforms, including Blockchain.com, Coinbase, and Binance.US, are reconsidering their stance and opting to relist XRP. Blockchain.com’s reintroduction of XRP is a strategic move, leveraging the platform’s significant influence in the industry.

Meanwhile, XRP’s price has experienced fluctuations influenced by whale selling. Despite remaining around the $0.6 level for the past month, recent bullish predictions have sparked optimism among XRP investors. XRP has maintained its position above both the 50-day and 200-day Exponential Moving Averages (EMAs), signaling positive price momentum.

The SEC versus Ripple legal case is ongoing, with the discovery process related to remedies scheduled to conclude on February 12, 2024. The absence of progress in settling prolongs the possibility of an SEC appeal regarding the Programmatic Sales of XRP ruling.